Bitcoin Sends Mixed Signals At $23,000, Capped Upside Potential?
Bitcoin keeps on moving sideways as the weekend approaches and, with less trading volume on exchange platforms, the cryptocurrency hints at potential losses. BTC’s price has surrendered the gains from the past week but has been able to hold to its current levels as critical support. Related Reading: TA – Polkadot Price Shows Strength, Eyes $10 At the time of writing, Bitcoin (BTC) trades at $23,000 with sideways movement over the past 24 hours and a 3% loss over the past week. The first cryptocurrency by market cap has been severely outperformed by Binance Coin (BNB) and Polkadot as risk....
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Dogecoin price on the 4-hour chart from Hitbtc is giving mixed signals, with the cryptocurrency pair enjoying increased volatility recently. Price has tossed around inside its short-term range but made a few spikes higher and lower, as buyers and sellers still can't pick a clear direction for price action. Technical indicators on the same time frame are giving mixed signals, with some suggesting a potential reversal from the longer-term drop and others suggesting a potential continuation of consolidation. The short-term EMA is still treading below the longer-term moving average, which....
Bitcoin price is currently flirting with a downward trend line that thus far has capped off any further upside. It is also what led to the sizable drop and historic quarterly close. Because all eyes are likely on this major trend line preventing the top cryptocurrency from further new highs, any reaction at this level should be especially notable. Here is a closer look at the trend line and what might happen when it ultimately breaks. One Line Could Prevent Bitcoin Price From New All-Time Highs As this article gets typed, the urgency to hit publish is increasing, as Bitcoin price is making....
Bitcoin price is enjoying upside momentum for now and might be on track towards testing the next ceiling at $1100. Bitcoin Price Key Highlights. Bitcoin price made a strong upside break from consolidation, signaling strong bullish momentum. Price continued its climb past the $1000 mark and could be aiming for the next resistance from here. Technical indicators are showing mixed signals so a pullback could be due before bitcoin price heads further north. Technical Indicators Signals. The 100 SMA is still below the longer-term 200 SMA on the 4-hour time frame so the path of least resistance....
Bitcoin price might be in for a pullback opportunity to these inflection points before resuming its climb. Bitcoin Price Key Highlights. Bitcoin price recently made a strong rally and zooming in to the 1-hour chart shows potential correction levels. A bullish flag pattern can be seen on the longer-term time frames but it looks like buyers would need to wait for a pullback. Technical indicators are showing mixed signals at the moment, which suggests a possible short-term retracement on the ongoing uptrend. Technical Indicators Signals. The 100 SMA is above the longer-term 200 SMA on the....