Solid Upside Rejection as Bitcoin Tests $60,000; What to Expect?
Bitcoin bears attempted to take control during the early European session as the cryptocurrency neared a $60,000-valuation.
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The Bitcoin price (BTC/USD) is heating up right now and is at $254 (at press time) on Bitstamp and breaking through new trading ranges. The steady climb upwards has seen the currency gain over 11% since last month’s consolidation at USD $240-245 levels, with some slight variances. After a run of levels in the $220-225 tests, the cryptocurrency has been....
Key Highlights. There was no stopping the DigitalNote price, as it continued to trade lower and fell below the last swing low of 0.00000070BTC. The price traded as low as 0.000000482BTC, where it found buyers for a short-term recovery. A correction won't be easy moving ahead as there are many hurdles on the way up. DigitalNote price fell sharply and lost a lot of ground to trade below a key support around 0.00000060BTC. Rejection around 0.00000050BTC? The DigitalNote price collapsed recently and failed to recover after testing our final sell target of 0.00000075BTC. The price continued to....
After a rejection from $2.2 at the start of the weekend, the XRP price is now struggling to regain its momentum. This is especially hard given the fact that the altcoin saw the rejection from a major supply zone, and this has dealt a blow to the bullish momentum. This rejection doesn’t bode well for […]
Here's a look at what we are focusing on in the bitcoin price this morning. We asked for action in the bitcoin price, and it’s action we got. Things haven’t been this active on the intraday charts for months, and it finally looks like price might make its way through the elusive 700 mark near term. If it does, we expect a considerable upside momentum run as the shorts are squeezed out of the market and price gains on covering. Whatever happens, the action overnight gave us plenty to go at, and we managed to get in and out of the markets according to the rules of our intraday strategy on a....
Bitcoin has had a big week this past week. With the new all-time highs and the VanEck Spot ETF rejection, it is interesting to see how the market has reacted to these. VanEck had filed its ETF with the SEC and on Friday, it got back the dreaded rejection. The reason given for the rejection […]