Bitcoin price nears critical 200-week moving average as Ethereum touches $1.5K
The 200-week moving average keeps bulls in check, and traders are keeping quiet on the chances of a breakthrough so early. Bitcoin (BTC) hovered at $22,000 at the July 18 Wall Street open as analysts warned that bulls would not break resistance in one go.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewCan Bitcoin win back bear market support?Data from Cointelegraph Markets Pro and TradingView showed BTC/USD returning to consolidate after hitting highs of $22,500 on Bitstamp.That level represented the start of sell-side positions on exchanges clustered around the 200-week moving....
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Influential Bitcoin traders are moving their funds into spot exchanges as the cryptocurrency rallies towards $16,000.
Bitcoin continues to struggle to hold the $20,000 level even after a recovery coming out of the weekend. This decrease in price has pushed the market further into the bear market. It still trades at very critical levels which will determine the movement for the next couple of weeks. These two main points are the support that formed at $20,000 and the 200-week moving average. Bitcoin Turning Bearish? The price of bitcoin at the time of this writing is ranging towards $20,000 with drawdown. Being so dangerously close to this point is critical in the forecast for the price of bitcoin, and....
Ethereum has now lost its hold on an important level. This decline follows that of bitcoin which has now fallen below $20,000. However, for Ethereum, the fight continues to hold on to the one point where bulls still see some hope. However, with the way the market is moving, it may not be long before Ethereum is testing the critical $1,000 support level. Ethereum Falls Below $1,100 For Ethereum, holding above $1,100 for the past week had meant that there was still hope for a good run-up that could see it retest the $1,500 resistance. But this would only last just a little above $1,200....
Ethereum price after the recent losses started finding bids, and it looks like there is a support forming on the downside for a minor correction. Key Highlights. Ethereum price after a solid decline towards the $11.48 level against the US Dollar found support. There is a critical contracting triangle pattern formed on the 4-hours chart of ETH/USD (data feed via SimpleFX), which may provide us the next move. There is a chance of the price heading higher towards the 100 simple moving average on the same chart. Ethereum Price Correction. Ethereum price ETH fell sharply this past week against....
Ethereum price slowly and steadily moved higher this past week, and if it breaks 100 SMA (H4 chart), then more gains are likely. Key Highlights. Ethereum price traded with a positive tone this past week versus the US Dollar, and moved above the $14.00 resistance area. There is a bullish trend line formed on the 4-hours chart (data feed via Kraken) of ETH/USD, which is acting as a support area. The price is currently trading below the 100 simple moving average (H4), which holds the key for the next break in ETH. Ethereum Price Rise. Ethereum price ETH managed to gain bids this past week and....