Bulls buy the dip again after Bitcoin price rejects at a key resistance level
Bulls are keen to buy each Bitcoin price dip but is this enough to avoid repeat sell-offs at $19,500? For the second day in a row, Bitcoin bulls have attacked the $19,500 level in an attempt to flip the crucial level from resistance to support. Each attempt to overcome the resistance is has been rejected near $19,550 but Bitcoin’s swift recovery from the Dec. 14 drop to $19,050 shows that investors remain interested in buying every significant dip. Crypto market daily price chart. Source: Coin360At the moment, the general consensus among traders is that flipping $19,500 to support will....
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Ethereum failed to settle above the $4,000 zone against the US Dollar. ETH price is correcting gains and it could dive if there is a break below $3,900. Ethereum struggled to clear the $4,050 resistance zone and declined. The price is trading below $4,020 and the 100 hourly simple moving average. There is a key contracting triangle forming with resistance near $3,980 on the hourly chart of ETH/USD (data feed via Kraken). The pair must stay above $3,900 to start a fresh increase in the near term. Ethereum Price Corrects Lower Ethereum made an attempt to gain strength above the $4,020 and....
Bitcoin is struggling to clear the $50,000 resistance zone against the US Dollar. BTC could decline heavily if there is a clear move below the $47,300 level. Bitcoin is struggling and showing bearish signs below the $50,000 resistance. The price is now trading below $49,500 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $49,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if it is able to clear the $50,000 level. Bitcoin Price Holds Key Support Bitcoin price started a fresh....
Ethereum’s price has been closely tracking that of Bitcoin over the past few days and weeks This has led the cryptocurrency’s bulls and bears to reach an impasse, as both sides have been unable to spark any sustainable trend Where the market trends next will likely depend on BTC, as the cryptocurrency is currently trading between two critical levels One analyst is noting that Ethereum was rejected at a high time frame resistance level yesterday […]
Ethereum price climbed higher and there was no stopping the bulls. It looks like the bulls may attempt to take it towards the $15.00 level. Intraday Support Level can be $11.80. Intraday Resistance Level may be $13.30. Ethereum price surged higher this past week and broken every resistance that came in its way. There was a major resistance formed near $12.00 where the bears attempted a couple of times to defend it. However, at the end, the bulls succeeded and took the price above the stated level. There was a sharp upside move towards the $13.00, and the price stopped near $13.33. There is....
Ethereum price popped above a major resistance area of $11.80. Now, can it provide support and push ETH higher versus the USD? Ethereum price kept struggling near the $11.80 resistance area, as highlighted in yesterday’s post. However, the ETH bulls finally managed to take the price above the stated level, and there was an hourly close above it. Now, the price is moving down, and the same resistance area is currently acting as a support and helping the bulls to regain ground. There is an ascending channel pattern formed on the hourly chart (data feed via Kraken) of ETH/USD, which may play....