Bitcoin Price Gains Steam – $112K Level Could Decide the Next Surge
Bitcoin price is attempting a recovery wave above $111,500. BTC is now rising and might gain pace if it clears the $112,000 resistance level. Bitcoin started a recovery wave above the $111,000 zone. The price is trading above $111,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $111,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another decline if it stays below the $112,500 zone. Bitcoin Price Eyes Upside Break Bitcoin price started a fresh recovery wave above the $109,650 zone.....
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After making an all-time high of $112K, $BTC seems to have lost some steam. It’s now consolidating around the $110K mark. Data from CryptoQuant shows that this might be due to profit booking by new whale accounts. These whale addresses have booked $3.21B in profits as compared to only $679M by older wallets. Since April […]
With granddaddy cryptos like Bitcoin and Ethereum hitting new highs, the entire altcoin and meme coin market is on the cusp of an explosive rally. Historically, every time $BTC and $ETH surge, altcoin season follows, and that’s exactly what could be unfolding right now. And if you want to eke out the maximum possible gains, […]
As 2016 winds down, bitcoin’s price rally is ramping up. Today, Bitcoin scaled a high of $875 on the Bitstamp Price Index (BPI). January 12, 2014. It has been 35-months since bitcoin was trading at $875. The cryptocurrency’s burgeoning surge continues, as the possibility of a new 3-year-high gathers steam. After blitzing through the $800 mark yesterday, a steady period of trading throughout the day saw bitcoin price reach a high of $833.96, just before midnight (UCT). It wasn’t long before bitcoin price struck $840, within 90 minutes of trading on Thursday. The latest surge was yet to....
Ethereum price rallied above the $1,700 resistance against the US Dollar. ETH struggled near $1,750 and is currently correcting gains. Ethereum gained momentum above the $1,660 and $1,670 levels. The price is trading above $1,700 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance near $1,650 on the hourly chart of ETH/USD (data feed via Kraken). The pair is now correcting gains from the $1,750 resistance. Ethereum Price Rally Stalls Ethereum’s price was able to start a decent increase from the $1,620 zone. ETH formed a base and....
Ethereum is gaining pace above the $3,350 resistance against the US Dollar. ETH price could continue to rise and might even clear the $3,500 level. Ethereum is rising steadily and trading above the $3,350 resistance. The price is now trading above $3,350 and the 100 hourly simple moving average. There is a key contracting triangle forming with resistance near $3,400 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start another increase if it clears the $3,400 and $3,420 resistance levels. Ethereum Price Targets $3,500 Ethereum formed a base above the $3,120 support....