Bitcoin attacks last resistance before $50K with BTC price daily close now cr...
What happens at the end of the day will determine the extent of Bitcoin's breakout and what might lie ahead, analysts say. Bitcoin (BTC) climbed to new multi-month highs later on Aug. 20 as an extended rebound took hold of crypto markets.BTC/USD 1-day candle chart (Bitstamp). Source: TradingViewDaily close "most important" for BitcoinData from Cointelegraph Markets Pro and TradingView confirmed that BTC/USD hit its highest level since mid May during FridayAfter daily gains of almost 7%, Bitcoin saw a sudden surge to hit $48,630 on Bitstamp at the time of writing, with bullish momentum....
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Well, Bitcoin tore through resistance easily this morning. Readers will remember that the weekly chart we looked at a couple days ago was sitting at the 2nd arc of the 2nd pair, and the end of the 1st square. As end-of-squares is often a time of reversals or accelerations, I was concerned a reversal might be lurking. But the arc was disposed of easily, indicating that the long term trend remains up until at least the next arc at $1000+. The daily chart was sitting just below 5th arc resistance yesterday. Price has penetrated through to the sunny side of the arc pair as of this writing, and....
The price of Ethereum (ETH) has struggled to break out of a range against Tether (USDT) after being rejected from key resistance. Ethereum price has seen a relief bounce, with Bitcoin (BTC) rallying after closing the weekly candle with bullish sentiment from a daily low of $23,000 to a region of $24,100 in the early hours. (Data feeds from Binance) Related Reading: TA: Bitcoin Price Could Rally If There Is A Close Above This Key Resistance Price Analysis Of ETH On The Weekly Chart Ethereum’s price saw a weekly close of around $1,720, with a new candle opening bullish ahead of the....
Bitcoin. Bitcoin surprised me this morning with a strong push through resistance on multiple timeframes. As you can see on the daily chart below, price has pushed significantly past the 1st arc on the setup from the 750 low (see red arrow). While technically this is not a buy signal until we have a close above the arc, it seems highly likely that we will be given a buy signal on the daily chart in 16 hours or so. This does not necessarily mean that the correction is over. However, it means that there is a good chance that price will rally to the 2nd arc within the next day or two (or....
Bitcoin price rallied to $11,491 after bulls managed to flip the $11K level from resistance to support. On Friday Bitcoin (BTC) price finally managed to break above the symmetrical triangle where the price had been compressing for the last 30 days. After holding the $11,000 level into the daily close, the price rallied to $11,448 on multiple high volume surges. Cryptocurrency daily market performance snapshot. Source: Coin360On Oct. 8 Cointelegraph contributor Micheal van de Poppe explained that in his view:“If the price of Bitcoin breaks through the $11,100-$11,300 resistance zone,....
The weekly chart, if you will recall, suggests there will be higher prices in the weeks and months ahead, but a bright future does not help us as traders if we lose everything in a down day or two. The weekly chart is a good indicator for a buy and hold strategy, and can be helpful in establishing the general trend. But at the moment, the weekly is merely suggesting the longer term trend is up. That's not good enough for active traders. Yesterday, we looked at the daily chart for clarification about the short term direction of the market. If you recall, we concluded that the daily chart....