Why Bitcoin Must Beat $25,500 To Establish A Bull Rally
Bitcoin has recovered above $23,000 off the back of a rally that had started during the last leg of the weekend. This recovery has brought more money into the market, which has helped push the price even further. As bitcoin trends at $23,000, there is significant resistance mounting up ahead, presenting various important technical levels. Bitcoin Must Beat $25,500 Even though bitcoin is making its way towards $24,000 in a tremendous bull trend, there are still some technical levels that the digital asset must beat in order to fully establish its arrival in a bull market. An example was the....
Related News
Bitcoin remains on a positive recovery trend. One that could very well see it beat the coveted $45,000 resistance point. This price level remains the level to beat for the digital asset as this is where bears continue to mount the most resistance. Bitcoin had tested this level in the early hours of Friday but like always, met significant push that caused it to crash back down below it. In the wake of this crash, the market saw bitcoin lose almost $1,000 in the space of two hours. However, this dip would be defined by a higher low as bitcoin had been able to find support above $44,000 and....
Bitcoin has broken $43,000 in a remarkable recovery journey that began at the start of the week. It has been a welcome change to the low momentum recorded in the market this past week. However, although the digital asset is doing well currently, there are still a lot of things that could pull it back down. One of the most prominent is the ability of the cryptocurrency to continue blasting through important resistance points. The Points To Beat Bitcoin remains the most valuable asset in the crypto space currently. This is due to its outperformance over the course of its existence. But this....
Bitcoin has rallied once more above $24,000. This impressive rally follows an intense week where the FOMC’s announcement has basically shown that the United States is now in a recession. Investors had flocked to the bitcoin off the back of the news, causing the digital asset to surge immensely during this time. As the digital asset has beat one important technical level, it remains to see if it can beat another. Accumulation Triggers Rally There are a lot of factors that usually trigger a rally, such as the one that has sent the price of bitcoin soaring high. One of those has been a....
Just a few hours before, Bitcoin price topped up to a new intraday peak (at $266) and is now hinting to flatten out, as what normally happens. The price is now attempting to build up a new base near this new tropospheric level, while facing a firm selling pressure towards the next downside support near 260. The traders meanwhile are already drawing fundamentals near this wild rally. Many believe the launch of Barry Silbert's Bitcoin Investment Fund had influenced the demand of Bitcoins; therefore the rally. Some are also associating the upcoming Silk Road Bitcoin auction to be the cause of....
Bitcoin has woken up from its recent slumber. But a bull revival might need a break above $11,200.