Bitcoin, Ethereum Technical Analysis: BTC, ETH Rebound as Global Markets Reac...
Bitcoin and ethereum were both trading higher on Wednesday, as global financial markets reacted to the tensions caused by U.S. House Speaker Pelosi’s visit to Taiwan. The price of gold dropped by nearly $40 late on Tuesday, after securing a one-month high, while the S&P 500 also faced a turbulent session. Bitcoin Bitcoin (BTC) was trading higher on Wednesday, as prices of the token rebounded following five days of consecutive declines. Following a low of $22,710.08 during Tuesday’s session, the world’s largest cryptocurrency rallied to a high of $23,446.87 earlier....
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Just as we discussed in the previous Bitcoin price technical analysis that the US Federal Reserve raising the interest rates will put pressure on the BTC-USD pair, the inaction on part of the central bank has buoyed the pair. BTC/USD is currently trading up roughly 2 percent at $232.72. The US Fed has decided to hold rates steady citing global economy worries. Fed Chair Janet Yellen said developments in a tightly linked global economy had in effect forced the U. S. central bank's hand. The Fed Rebound - the rebound in Bitcoin price due to Fed - doesn't change the technical picture much but....
Ethereum was trading higher on Friday, as cryptocurrency markets continued to rebound, following yesterday’s U.S. inflation report. The better-than-expected 7.7% CPI (consumer price index) figure for October boosted prices, following recent bearish sentiment. Bitcoin briefly climbed back above the $18,000 level on Friday. Bitcoin Bitcoin (BTC) moved higher on Friday, as the token rebounded following a recent spell of relatively large sell-offs. Following a low of $16,290.27 on Thursday, BTC/USD surged to an intraday peak of $18,054.31 earlier in the day. The move came as the....
Bitcoin was back above $20,000 on Tuesday, as bulls seemingly moved in to buy following the recent dip in price. The token dropped to a multi-week low over the weekend, however prices have now risen in back-to-back sessions. Ethereum was also in the green, as prices briefly recaptured $1,600. Bitcoin Bitcoin (BTC) was trading higher for a second consecutive session, as the token rallied back above $20,000 following recent declines. BTC/USD dropped to a low of $19,600.79 on Sunday, however after two days of gains, prices reached a peak of $20,542.64 earlier today. This move sees bitcoin....
Here are two Ethereum metrics that are currently showing values that may lead to a rebound for the cryptocurrency’s price. Ethereum Could Rebound Off The Current Market FUD According to data from the on-chain analytics firm Santiment, the crowd seems to have started to bet against ETH in the past few days. There are two […]
In my yesterday's analysis, Trapped Again, I had mentioned that a breakdown below the $280-mark could lead to a free-fall in the Bitcoin price. Bitcoin cracked below $280 and is now roughly worth $250. The sudden collapse might have taken many by surprise, but the technical indicators were foretelling this. Now, the same indicators and the reformed chart structure are revealing some very noteworthy details. Bollinger Bands - The crash in Bitcoin price has severely stretched the Bollinger Bands on the lower end, which implies that a temporary support might set in soon. Fibonacci Retracement....