Bitcoin faces ‘uphill battle’ despite BTC price gaining 35% from $23.8K bottom
A giant sell well appears at $33,500 as Bitcoin’s rise — which succeeded in surprising some — comes under close scrutiny. Bitcoin (BTC) put in fresh gains overnight into May 31 as the monthly close looked set to seal losses of around 15%.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewAsks stack up above $33,000Data from Cointelegraph Markets Pro and TradingView showed BTC/USD consolidating once more after a fresh burst took it to $32,200 on Bitstamp.The pair thus capped the second day of more bullish momentum, this nonetheless failing to impress analysts, who widely believed....
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Bitcoin price is showing recovering signs above $32,000 against the US Dollar. BTC is facing an uphill task at $34,000 and it is likely to continue lower towards $30,000. Bitcoin is correcting higher from $28,865 and it is trading above the $32,000 resistance. The price is facing a strong resistance near $34,000 and the 100 […]
It takes time to for an innovation to take off, especially one that is as large as an alternative global decentralized digital currency. January 2017 marks eight years since the first Bitcoin block was mined. In monetary systems, eight years is not a long time. An 8 Year Uphill Climb. When looking at how this past year went for perhaps the most....
Cardano gained some positive traction in the early European trading hours Friday after erasing more than half of its bullish breakout move in the previous session. The blockchain asset, better known by its ticker ADA across markets, climbed more than 2.25 percent to $1.25 into the ongoing intraday session. Its move uphill started near a […]
Cardano’s price started a fresh decline below $0.280. ADA is struggling and key indicators suggest high chances of more downsides below $0.252. ADA price is gaining bearish momentum below the $0.285 level against the US dollar. The price is trading above $0.280 and the 100 simple moving average (4 hours). There is a major bearish trend line forming with resistance near $0.274 on the 4-hour chart of the ADA/USD pair (data source from Kraken). The pair could start a recovery wave if there is a close above the $0.280 resistance. Cardano’s ADA Price Faces Uphill Task In the past few days,....
Shiba Inu (SHIB) price is once again at a crucial crossroads. Currently, it’s down a staggering 91% from its all-time high (ATH) of $0.00008845, recorded in October 2021. Over the past year, the token has been on a consistent downtrend, marking lower highs and lower lows on the monthly time frame. But all is not bleak for SHIB investors. The recent relaunch of Shibarium, a layer 2 blockchain, is a beacon of hope. This move is seen as Shiba Inu’s attempt to transition from its meme coin status to a more serious player in the crypto world, aiming to enable applications for....