Bitcoin Price Still Has A Chance To Clear $90,000 If It Breaks This Level
The Bitcoin price continues to trend low and has failed to reclaim $90,000. The bears have dominated during the last few months, dragging Bitcoin down from above $100,000 to below $80,000, before the bounce to $83,000. Now, these developments have triggered doubts in the minds of investors as to whether the bull run might be over. However, there could still be some hope for the leading cryptocurrency that could see a restart of the bull market. Bitcoin Needs To Properly Clear $86,190 Crypto analyst RLinda on the TradingView website has explained that the Bitcoin price is beginning to show....
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Bitcoin bulls must overcome a major hurdle before new all-time highs can come back into play. Bitcoin (BTC) has seen a turbulent past few days after Elon Musk showed support for the cryptocurrency amid the GameStop fiasco on the equity markets. However, since that tweet, Bitcoin’s price has been correcting after the entire push through Elon Musk was retraced.Since then, Bitcoin’s price is facing a crucial hurdle at the $35,000–$35,200 area before an all-time high test. Once that area breaks and flips for support, continuation toward a new all-time high is likely. Bitcoin doesn’t hold $35K....
Bitcoin price attempted an upside break above the $19,500 resistance against the US Dollar, but failed. BTC could decline sharply if there is a clear break below the 100 hourly SMA. Bitcoin is currently struggling to clear the key $19,500 resistance level. The price is likely to continue lower below $19,150 and the 100 hourly […]
Bitcoin price remains well supported above the $47,000 zone against the US Dollar. BTC must clear $48,500 to start a decent increase towards the $50,000 level. Bitcoin corrected lower after it failed to clear the $48,500 resistance zone. The price is still trading above $47,000 and the 100 hourly simple moving average. There was a break above a short-term declining channel with resistance near $47,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue higher towards the $50,000 level if it breaks the $48,500 resistance. Bitcoin Price Remains Supported....
Rubycoin Price Key Highlights. Rubycoin price continues to struggle to clear a major resistance and swing area of 0.000309BTC. There is a chance of a double top pattern forming around the mentioned area in the short term. The only hope for buyers is a bullish trend line and support area formed on the hourly chart. Rubycoin price is at a risk of a downside move if the trend line breaks, as there is a chance of a double top pattern forming. Trend Line Break? The Rubycoin price failed twice to break a major swing level of 0.000309BTC, which increases the risk of a double top pattern on the....
Bitcoin price has spent another day in the vicinity of its consolidation pivot level of $640 (Bitstamp). Consolidation leads to break-out, but traders are advised to mind the possibility of a fake-out. The horizontal magenta line shows the $640 (Bitstamp) level around which price has been oscillating for the past two weeks. Any move below is quickly bought back up to $640 and any advance above, eventually returned to this level. Even the downward spike, a few blocks before the halving event, had targeted $640 – overshot and snapped back to it. At the time of writing, price is just $640,....