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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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,....
Ethereum price is currently trading near an important support area. A break below may call for more losses, else it might move back higher. Ethereum price managed to move a few more points higher intraday, and traded as high as $12.19. However, ETH failed to sustain momentum, and started to move down. During the downside move, the ETHUSD pair also broke a major support area in the form of a bullish trend line formed on the hourly chart (data feed via Kraken). This is a short-term bearish sign for the bulls, but there is another aspect. The price is currently holding the 100 simple moving....