TA: Bitcoin Rejected above $50K, Why BTC Could Correct Gains
Bitcoin price failed to stay above $50,000 and corrected lower against the US Dollar. BTC could correct lower towards the $48,250 support in the near term. Bitcoin tested the $50,500 resistance level before correcting lower. The price is now trading near $49,000 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $49,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could correct lower towards $48,250 or even $47,300 in the near term. Bitcoin Price Corrects Lower Bitcoin price traded above the $50,000....
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Bitcoin spiked to test the $45,000 resistance against the US Dollar. BTC is consolidating gains and might correct lower towards $43,000 in the near term. Bitcoin extended increase and traded close to the $45,000 resistance zone. The price is trading above $44,000 and the 100 hourly simple moving average. There is a key contracting triangle forming with resistance near $44,450 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could correct lower if there is a move below the $43,000 support zone. Bitcoin Price Extends Rally Bitcoin price started a major increase above....
Bitcoin surged nearly 10% and broke the $22,000 resistance zone against the US Dollar. BTC could correct lower, but the bulls might be active near $21,250. Bitcoin jumped and broke a major hurdle near the $22,000 zone. The price is now trading above the $21,500 level and the 100 hourly simple moving average. There was a break above a key rising channel with resistance near $21,125 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could correct lower, but the bulls might be able to protect the $21,250 support. Bitcoin Price Starts Fresh Surge Bitcoin price formed a....