Bitcoin, Ethereum Technical Analysis: BTC Slips to Its Lowest Point Since Dec...
Bitcoin fell below $30,000 for the second time this week, however today’s plunge saw prices fall to their lowest level since December 2020. BTC hit a low around $26,000 on Thursday, whilst ETH moved below $2,000 for the first time in over a year. Bitcoin Following a slight rally on Wednesday, BTC fell back into the red on Thursday, as crypto bears continued to run rampant on markets. BTC/USD slipped to an intraday low of $26,350.49 earlier today, less than 24 hours after trading at a peak of $31,868.30. Today’s bottom is the lowest level bitcoin has hit since December 2020,....
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Bitcoin fell below $19,000 on Wednesday, as the token failed to break out of a key resistance level during yesterday’s session. As a result of today’s sell-off, prices are now at their lowest point since June. Ethereum also declined, as bullish sentiment surrounding The Merge faded. Bitcoin Bitcoin (BTC) fell to its lowest level since June earlier in today’s session, a day after the token failed to break out of a key resistance point. Following a peak of $20,155.27 on Tuesday, BTC/USD dropped to an intraday low of $18,644.47 on hump day. The move saw bitcoin fall to....
BTC fell to its lowest level since last July, as prices dropped below $33,000 to start the week. The selloff in cryptocurrency started last week, following the Fed’s decision to hike interest rates by 0.5%. In addition to bitcoin, ETH hit a two-month low as a result of the red wave. Bitcoin Bitcoin slipped to a ten-month low to start the trading week, as a red wave continued to sweep the cryptocurrency market. Following five consecutive days of declines, BTC/USD dropped to an intraday low of $32,813.31 on Monday. Today’s bottom is the lowest level prices have traded since....
Ethereum is trading very flat in a dull session as bitcoin remains undecided about the future direction. Currently at 0.00191BTC, Ethereum is in a no trade zone as discussed in the previous technical analysis. Sole Positive – The technical indicators are, however, rebounding from the respective oversold levels. I would like to discuss the resistance and support levels for Ethereum now. To serve this purpose, I will be using the 4-h ETH-XBT pair. Chart Structure – The pair has been registering lower tops and lower bottoms for the past 10 trading sessions. Connecting the two highs in this....
Bitcoin consolidated on Friday, as prices hovered marginally below the $40,000 level. This comes following a volatile day of trading in which BTC fell to its lowest point since Wednesday. Ethereum also remained slightly above its recent support.
Bitcoin
Bitcoin continued to trade at high levels of uncertainty on Friday, following a volatile few sessions for the world’s largest cryptocurrency.
BTC/USD started the day around the $39,300 region, before falling to an intraday low of $38,347.43, which then was followed by a high of $40,081.68.
As of....
Bitcoin was back above $20,000 on Tuesday, as the U.S. dollar fell to its lowest point in two weeks versus several G7 currencies. The stronger dollar has impacted purchasing power in cryptocurrencies, and commodities like crude oil, which last week fell to a nine-month low. Ethereum was also up, hitting a five-day high. Bitcoin Bitcoin (BTC) briefly rose above $20,000 on Tuesday, as the U.S. dollar continued to decline versus other major currencies. This has resulted in the world’s largest cryptocurrency climbing to a peak of $20,071.20 earlier in today’s session.....