TA: Bitcoin Consolidates Gains, Why Dips Could Be Limited Below $50K
Bitcoin extended its recovery above $51,000 against the US Dollar. BTC must remain stable above $49,500 to continue higher in the near term. Bitcoin started a recovery wave above the $50,500 resistance zone. The price is now trading above $50,000 and the 100 hourly simple moving average. There was a break below a connecting bullish trend line with support near $50,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if it is above the $49,500 level. Bitcoin Price Loses Steam Bitcoin price extended its recovery wave above the $50,000....
Ethereum traded to a new monthly high above $675 against the US Dollar. ETH price is currently correcting gains, but dips are likely to be limited below $630 in the near term. Ethereum gained bullish momentum after it broke the $620 resistance level. The price surged towards the $675 resistance and settled well above the […]
Ethereum extended its rally and it traded to a new all-time high near $2,800 against the US Dollar. ETH price is correcting gains, but dips are likely to be supported near $2,650. Ethereum remained well bid and it even climbed towards the $2,800 level. The price is now trading well above $2,700 and the 100 […]
Litecoin price is up over 10% and it broke the $80.00 resistance against the US Dollar. LTC is consolidating gains and dips are likely to be limited below $78.00 and $76.50. Litecoin started a strong increase above the $75.00 and $80.00 levels against the US Dollar. The price traded to a new monthly high near […]
Ripple started a strong recovery wave above the $0.3000 and $0.3100 levels against the US Dollar. XRP price is currently correcting gains from $0.3700, but dips remain limited. Ripple rallied above the $0.3200 and $0.3500 resistance levels against the US dollar. The price tested the $0.3700 zone before correcting lower, but it settled above the […]
Ripple gained bullish momentum above $0.5000 and $0.5500 against the US Dollar. XRP price remains attractive on dips and it is likely to climb further above $0.5750. Ripple gained strength and it even spiked above $0.5500 against the US dollar. The price is now trading nicely above $0.5000 and the 100 simple moving average (4-hours). […]