Bitcoin price faces the last roadblock before $30,000
The price of Bitcoin has achieved another new all-time high but it is struggling to break past $30,000. The price of Bitcoin (BTC) has reached a new all-time high above $29,400 across major exchanges on Jan. 1. In other words, BTC is just 2% away from reaching the psychological resistance level at $30,000.Breaking $30,000 could fuel renewed confidence in the market with the last remaining technical roadblock right below this level. BTC/USDT 4-hour price chart (Binance). Source: TradingView.comHence, in the near term, sellers would look to defend the $30,000 resistance level with stacked....
Related News
Bitcoin price is holding the $16K level but on-chain data suggest BTC could face a major roadblock in the short term. Bitcoin (BTC) price is proving to be relatively stable at around the $16,000 level, heavily outperforming both safe-haven and risk-on assets, including gold and stocks. But in the near term, the digital asset faces a major roadblock in the form of whales.On Nov. 12, the price of Bitcoin reached $16,199, a level not seen since the famed 2017 rally. Although BTC dropped to $15,600 within a few hours, it quickly recovered and at the time of writing it looks like the digital....
MIT Technology Review is weighing in again on the issue of Bitcoin scalability with an article titled “Technical Roadblock Might Shatter Bitcoin Dreams.” The question is whether the Bitcoin network could be scaled up to support thousands of transactions per second, like the world’s major payment networks. The answer is no, unless the Bitcoin code is radically re-engineered. The debate has been going on for months. In May 2015, Bitcoin Magazine reported that Bitcoin Core developers were disagreeing on the optimal block size, a parameter that is directly related to the throughput of the....
Ethereum started a steady increase and cleared the $2,550 resistance against the US Dollar. ETH price is now struggling to climb higher above $2,650 and the 100 hourly SMA. Ethereum gained pace for a move above the $2,500 and $2,550 resistance levels. The price is struggling to settle above $2,600 and the 100 hourly simple […]
The price of Ethereum (ETH) has struggled to hold above $2,000 against Tether (USDT) after being rejected from that region. Ethereum price in the past few days has struggled to reclaim the $2,000 mark that has become a resistance despite showing strong bullish signs and outperforming Bitcoin (BTC) in this relief rally. The price of ETH ranging has led to many feeling weary if bulls are still in control. Related Reading: Shiba Inu Trends Upwards Through Strong Whale Accumulations Ethereum (ETH) Price Analysis On The Weekly Chart From the chart, the price of ETH saw a weekly low of $1,012,....
The price of Ethereum (ETH) showed so much strength but has been hit with resistance against Tether (USDT) as the Ethereum merge is announced. Ethereum price rallied with so much strength from a region of $1,670 to $1,924, as bulls anticipate the Ethereum merge from proof-of-work (POW) to proof-of-stake (POS). Related Reading: Will Ethereum Breach $2,000 Before The Merge? Ethereum merge is an upgrade on the Ethereum network from POW to POS so as to increase its network efficiency in transactions. (Data feeds from Binance) Ethereum Price Analysis On The Weekly Chart From the chart, the....