Bitcoin is About to Clear a Crucial Resistance; What Analysts are Saying
Bitcoin has seen some mixed price action as of late, with bulls currently trying to form a breakout rally as the crypto pushes towards key resistance It did face a somewhat strong rejection earlier today that has since led it lower, which could be a grim sign for what comes next One trader said in a recent tweet that BTC’s near-term outlook likely depends wholly on whether or not it can continue pushing higher and […]
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Bitcoin price is extending its rise above $10,750 against the US Dollar. BTC is now approaching a crucial breakout zone near $10,850, $10,920, and $11,000. Bitcoin started a decent recovery wave above the $10,550 and $10,650 resistance levels. The price was able to clear the $10,750 resistance and settled above the 100 hourly simple moving […]
Bitcoin price is facing a strong resistance near $15,500 and $15,600 against the US Dollar. BTC could clear the $15,500 resistance unless there is a clear break below the 100 hourly SMA. Bitcoin is facing a strong barrier near the $15,500 and $15,600 resistance levels. The price is currently holding the $15,200 support and the […]
Bitcoin has been flashing some subtle signs of strength heading into election day, as bulls were able to push it from $13,400 to $13,700 earlier today before it began facing some resistance Its price action as of late has marked consolidation, and it doesn’t appear that analysts will have a clear idea of where it is heading next until after the election Some believe that the results of the presidential race will have far-reaching impacts […]
Ethereum remained well bid above the $1,500 level against the US Dollar. ETH is rising and might soon clear the $1,600 resistance zone. Ethereum tested the $1,500 support zone and started a steady increase. The price is now trading above $1,560 and the 100 hourly simple moving average. There was a break above a crucial bearish trend line with resistance near $1,560 on the hourly chart of ETH/USD (data feed via Kraken). The pair could rise steadily if it clears the $1,600 and $1,620 resistance levels. Ethereum Price Gains Pace Ethereum remained well bid after it tested the $1,500 support....
Bitcoin’s price saw a notable rebound today that allowed it to recover from an overnight dip and rally to fresh local highs within the $11,500 region. This push higher is promising because it is finally allowing Bitcoin to confront the crucial resistance it faces between $11,600 and $12,000, which is a resistance zone that analysts […]