Bitcoin, Ethereum Technical Analysis: BTC Back Above $40,000, ETH Eyes $3,000...
Following days of consolidation, bitcoin rallied above $40,000 on Tuesday, which comes as markets prepare for today’s Fed meeting. ETH also climbed, moving away from its recent support point in the process. Bitcoin BTC finally broke out of its recent streak of price consolidation on Tuesday, as the world’s largest cryptocurrency climbed to almost a one week high. Following a low of $38,567.64 yesterday, BTC/USD has so far risen to an intraday high of $41,717.45 so far this session. Today’s high saw BTC break past one resistance level at $40,590, but it lost steam once....
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Ethereum is on the move again. After spending months consolidating, $ETH has powered back above $2,7K and is flashing signs of serious strength. Analysts believe Ethereum is ‘coiling,’ like a spring building tension before a major breakout. All eyes are now on the $3K level – a major psychological and technical barrier. What’s fueling this […]
Bitcoin was back above $20,000 on Tuesday, as bulls seemingly moved in to buy following the recent dip in price. The token dropped to a multi-week low over the weekend, however prices have now risen in back-to-back sessions. Ethereum was also in the green, as prices briefly recaptured $1,600. Bitcoin Bitcoin (BTC) was trading higher for a second consecutive session, as the token rallied back above $20,000 following recent declines. BTC/USD dropped to a low of $19,600.79 on Sunday, however after two days of gains, prices reached a peak of $20,542.64 earlier today. This move sees bitcoin....
Following a turbulent start to the week, bitcoin was back in the green on Tuesday, as the token climbed back above $20,000. The move saw prices race to their highest point in nearly two weeks, moving past a key resistance level in the process. Ethereum was also trading higher, as it neared the $1,400 level. Bitcoin Bitcoin (BTC) neared a two-week high on Tuesday, as the token rebounded following a recent bearish spell. Following a bottom of $19,006.11 to start the week, BTC/USD raced to an intraday peak of $20,294.34 on Tuesday. This is the highest point that the token has traded at since....
Ethereum was back below the $1,300 level on Wednesday, as the U.S. dollar rose following better than expected quarterly earnings. So far this earnings season, Netflix, Bank of America, and others have outperformed expectations, highlighting what some view as the resilience of the U.S. economy, despite the global slowdown. Bitcoin was also back in the red. Bitcoin Bitcoin (BTC) was trading lower on Wednesday, as prices continued to decline following a failed breakout of a resistance at $19,550. Following a high of $19,655.75 on Tuesday, which saw BTC/USD move past the aforementioned....
Ethereum was back above $1,700 in Thursday’s session, as the date for the long-awaited “Merge” was finally confirmed. A blog post from the Ethereum Foundation stated that the event will begin on September 6, and be completed between September 10 and 20. Bitcoin also moved marginally higher, as it continued to approach $22,000.
Bitcoin
Bitcoin (BTC) rose higher on Thursday, as the token continued to rebound following a recent bearish streak.
The world’s largest cryptocurrency surged to a high of $21,789.64 today, breaking out of a key....