TA: Bitcoin Consolidates Below $14K: Why 100 SMA Is Crucial For Next Move
Bitcoin price traded above the $14,000 resistance before correcting lower against the US Dollar. BTC is currently consolidating gains and it must stay above the 100 hourly SMA for a fresh increase. Bitcoin started a downside correction after forming a high near the $14,080 level. The price is trading above the $13,600 support and the […]
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Ethereum is still consolidating above $1,750 and $1,710 against the US Dollar. ETH price could soon either rally above the $1,850 resistance or dive towards the $1,550 support. Ethereum is holding the key $1,750 and $1,710 support levels. The price is currently trading below $1,800 and the 100 hourly simple moving average. There is a […]
Bitcoin has seen a strong move higher throughout the past 12 hours, which has come about as a direct result of the cryptocurrency’s strong weekly candle close. Analysts are now noting that it may be positioned to see further near-term upside, as this latest bout of heightened buying activity led it above a crucial technical […]
Bitcoin price remained well bid above the $20,000 support zone. BTC is consolidating and might start a fresh rally if it clears the $20,500 resistance zone. Bitcoin traded in a range above the key $20,000 support zone. The price is trading below $20,500 and the 100 hourly simple moving average. There is a crucial bearish trend line forming with resistance near $20,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could a fresh rally if it clears the 100 hourly SMA and $20,500. Bitcoin Price Consolidates Bitcoin price started a downside correction below the....
Ripple rallied significantly above $0.6000 and $0.7000 before correcting lower against the US Dollar. XRP price is now consolidating above $0.6200 and eyeing the next crucial break. Ripple started a strong rally after it settled above the $0.3000 resistance against the US dollar. The price tested the $0.7500 resistance and settled well above the 100 […]
Solana has faced intense selling pressure and price swings, with the asset losing over 57% of its value since January 13. Bulls have struggled to regain momentum, and market sentiment suggests that the crypto market is not in a healthy condition for a strong recovery. As uncertainty continues, investors remain cautious, watching for signals of a potential trend shift. Related Reading: Ethereum Holds Key Support Amid Volatility – Can Bulls Break $2.3K To Regain Momentum? However, despite the bearish outlook, some analysts believe that this correction could be nearing its end. Many are now....