TA: Bitcoin Price Recovery Stalls, Why This Barrier Could Trigger Another Drop
Bitcoin started an upside correction above $19,000 against the US Dollar. BTC is now struggling to clear the $19,400 and $19,500 resistance levels. Bitcoin traded as low as $18,550 and started an upside correction. The price is now trading below the $19,500 level and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $19,310 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another drop unless there is a clear move above the $19,500 resistance. Bitcoin Price Faces Resistance Bitcoin price started a....
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Ethereum has undergone a 6% drop over the past 24 hours in the face of the stock drop. The Dow Jones is down 3% during Monday’s trading session. Analysts think ETH could bounce, though, as the coin has recovered to $390. One analyst noted that the coin is now trading above the pivotal swing level at $390. Ethereum holding above that level is expected to trigger a recovery towards the $422 weekly highs as aforementioned. […]
Ethereum price ETH failed once again near a bearish trend line, which may continue to act as a hurdle for a recovery in ETH/USD. Key Highlights. ETH price continued to face sellers against the US dollar, as yesterday’s resistance area of $11.40 remained intact. Moreover, yesterday’s highlighted bearish trend line on the hourly chart (data feed via SimpleFX) of ETH/USD continued to act as a barrier for the buyers. As long as the price is below the trend line resistance, there can be another dip below the recent low. Ethereum Price Barrier. Ethereum price ETH managed to climb a few points....
Yesterday, the 27th of October, the Bitcoin price broke the $300 barrier. For some weeks now, we have seen a positive advance in the bitcoin price. Many are the reasons pointed by experts and traders for this price rise, however between lots of explanations there is still heavy doubts on what it could be the real trigger for this continued price rise. Since the middle of September, the price has been slowly and steadily rising and it already stumbled upon a more than 30% increase. The last time the bitcoin price touched the $300 barrier was back in July the 12th when the bitcoin price hit....
Bitcoin is still well below the $48,000 resistance against the US Dollar. BTC remains at a risk of a sharp decline if it fails to stay above the $45,500 support zone. Bitcoin is trading in a bearish zone below the $48,000 resistance level. The price is trading below $47,000 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $47,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start a strong recovery wave if it stays above the $45,500 support zone. Bitcoin Price Eyes Recovery Bitcoin price attempted a....
Ethereum started a recovery wave above the $2,840 level against the US Dollar. ETH is now facing a major challenge near $2,905 and the 100 hourly SMA. Ethereum started a decent recovery wave above the $2,840 and $2,850 levels. The price is still below $2,900 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $2,900 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $2,900 and $2,915 resistance levels to continue higher. Ethereum Price Faces Resistance Ethereum traded as low as $2,766 before it started a....