Bitcoin, Ethereum Technical Analysis: BTC Moves Lower as Prices Fail to Break...
Bitcoin was trading lower in today’s session, after failing to break out of a key resistance level of $19,600. Bullish sentiment seemed to have returned to the market on Monday, however this momentum was short lived. Ethereum also fell in today’s session, but remained above its recent price ceiling. Bitcoin Bitcoin (BTC) moved lower on Tuesday, as bears returned to action following a failed breakout of a key resistance point. BTC/USD slipped to an intraday low of $19,206.32 earlier in today’s session, moving away from Monday’s peak of $19,698. Yesterday’s....
Related News
Bitcoin was trading lower to start the week, as markets were anticipating the release of U.S. president Biden’s executive order on cryptocurrencies. Ethereum also remained in the red, and continues to track at multi-week lows. Bitcoin Bitcoin prices were almost 12% lower from the same point last week, as prices fell for a sixth straight day on Monday. Following a high of $39,394.44 on Sunday, BTC/USD dropped to a low of $37,358.00 to start the trading week. The move saw BTC near its long-term support against the dollar of $37,200, hitting its lowest level since February 4 in the....
Ethereum was once again trading in the red, as prices of the token fell below $1,600 during today’s session. Tuesday’s drop is the fifth consecutive day that prices of the cryptocurrency have moved lower. Bitcoin also extended its streak of declines, falling under $23,000 in the process. Bitcoin Bitcoin (BTC) was lower for a fifth straight day, as prices of the token slipped below $23,000 in today’s session. Following a peak of $24,121.64 to start the week, the world’s largest cryptocurrency plunged by over $1,000 on Tuesday. This latest decline saw BTC/USD hit....
Bitcoin was trading lower to start the week, after the token briefly rose above $25,000 during Sunday’s session. As of writing, the global cryptocurrency market cap is currently trading 2.85% lower. Ethereum also dropped lower on Monday, with prices moving away from a recent high above $2,000.
Bitcoin
After a brief stint above $25,000 over the weekend, bitcoin (BTC) was trading in the red to start the new week.
On Sunday, BTC/USD hit an intraday high of $25,135.59, however the world’s largest token slipped to a bottom of $23,960.03 today.
....
Key Highlights. Ethereum price found resistance around the bearish trend line as highlighted in yesterday's post. There was a downside reaction, which took the price further lower to create a new low of 0.00242BTC. More losses are possible moving ahead, as there is a lot of bearish pressure at the moment. Ethereum price remains at risk of a break lower, as it moved below 0.00250BTC and looks poised for more losses. New Low? The Ethereum price made an attempt to correct higher, but it found sellers on the upside. An immediate resistance around the 23.6% Fib retracement level of the last....
After a boost on Tuesday, following the release of U.S. inflation data, bitcoin prices were once again lower on Wednesday. BTC has mainly traded below $40,000 during the session, with ETH continuing to hover above the $3,000 level. Bitcoin Following a slight rebound in price during yesterday’s session, BTC fell below $40,000 earlier today, and has remained there throughout the day so far. BTC/USD dropped to an intraday low of $39,389.66 on Wednesday, which came less than 24 hours after hitting a peak of $40,617.59. Wednesday’s move saw prices move past the support level of....