BTC price holds $44K support in 'great sign' for Bitcoin bulls
Bitcoin refuses to dip to even its $42,000 February all-time highs, but familiar resistance higher up looms large. Bitcoin (BTC) neared a critical breakout point on Aug. 19 as bulls sought to transform this week's downtrend into a battle for resistance.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBuyers and sellers close in on BTCData from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it repassed $45,000 on Thursday, climbing to highs of $45,490 on BitsThe move came on the back of United States bank Wells Fargo revealing that it had partnered with NYDIG to....
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Stellar (XLM) has experienced a robust resurgence, bouncing off a crucial support level at $0.11. Chart indicators are pointing towards a promising outlook for bullish investors, marking a significant shift in momentum since mid-August. This second rebound from the same support level underscores the formidable strength exhibited by bulls, hinting at the potential for further gains. A price analysis notes that the $0.11 support level has emerged as a steadfast defense line for XLM enthusiasts. Recent price action has illustrated that bears would need to work diligently to flip this level in....
Bitcoin price remained above the 100 moving average, which a positive sign. Now can it gain pace and move above the $416-418 resistance area? Intraday Support Level is at $410. Bitcoin price as stated in yesterday’s post showed a lot of positive signs and it continued to remain above a key support area of $410-415. As long as the price is above the stated levels, there is a chance of it gaining ground for a move towards $425 or may be even higher. There was a minor dip recently in BTC/USD, but the price found support around the 100 hourly simple moving average, which holds a lot of....
Ethereum blockchain native’s token ETH expects to reach $750 in the fourth quarter as it holds above a crucial technical support level. On Monday, the ETH/USD exchange rate attempted to breach a short-term ascending trendline for the tenth time since November 26. But bulls held up near the supportive base, raising the pair’s potential to […]
Bitcoin dived more than 8 percent as it became clear that Greece would do everything to remain in the Eurozone. The Alexis Tsipras-led government has struck a deal with its creditors yesterday, and a Grexit has been more or less ruled out. Post the announcement, Bitcoin fell from our previous observation of $307.87 to a low of $281 but soon trimmed the losses and is now trading at $293.68. Until the support line, drawn in the daily BTC-USD chart above is not violated, bulls will have the upper hand. Bitcoin Chart Structure - As the price approached the support line following the collapse,....
Note from the Author: Coming to you from the Bitcoin South Conference in Queenstown New Zealand that featured speakers like Andreas Antonopoulos and Jeffery Tucker. Please see (@Tone_LLT) for additional updates. Last week, we concluded with the following: This has been one of the less volatile weeks for Bitcoins’s price in a while. We have been consolidating around the 50-day SMA that currently sits around US$380. It is actually positive sign that we are consolidating and are mostly staying above the base of the Descending Triangle shown on the graph of the daily chart. Now that the....