Why The Bitcoin Price May Be Ready To Return To $20,000
The Bitcoin price managed to close yesterday’s daily candle above critical support, giving bulls a fighting chance to prevent further downside. However, today’s trading session has favored the bears, with BTC moving below the $19,000 area. Related Reading: Flow Rolls Out Blockchain Tools As Social Dominance, Coin Price Seen Rising At the time of writing, Bitcoin stands at $18,900, with a 1% loss in 24 hours and a 2.4% loss in one week. Other cryptocurrencies in the crypto top 10 by market cap follow a similar trend except for Cardano and Solana. These cryptocurrencies are....
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Bitcoin price is settling inside a new rising channel on its 1-hour time frame and might be due for a test of support soon. Bitcoin Price Key Highlights. Bitcoin price is trending higher on its 1-hour time frame, moving inside an ascending channel pattern. Price just bounced off the resistance and is making its way back towards support. Technical indicators are suggesting that the uptrend could carry on, possibly leading to another test of the channel resistance. Technical Indicators Signals. The 100 SMA is below the longer-term 200 SMA for now so the path of least resistance is to the....
Ethereum Price Key Highlights. Ethereum price is starting a new short-term downtrend on its 1-hour time frame, with a descending channel connecting the latest highs and lows. Price is currently testing the channel resistance at 0.00260 and may be ready for a move back to the bottom at 0.00220. Ethereum price appears ready for a quick drop, as technical indicators on the 1-hour time frame suggest that bears are in for a quick play. Bearish Signals Seen. Stochastic hasn't quite reached the overbought zone yet but the oscillator is already turning lower, indicating a return in bearish....
Exchanges, miners, developers, users and ethereum’s entire ecosystem is getting ready for a historical and defining hardfork. Kraken, eth’s biggest exchange after Polonix, announced traders will be offered only one option, eth on the longest chain. If other exchanges follow Kraken’s example, which is likely, a chain split is practically impossible save for, at worst, a couple of hours. The announcement was preceded by a public statement from Christoph Jentzsch, one of the founders of the DAO, who detailed the hardfork specifications. All DAO tokens, whether in white or dark DAO, child or....
Moonriver (MOVR) has managed to slip into the background after an incredible run in 2021. The price of the coin crossed $490 at the time, but has since fallen more than 90% from its all-time high since then. After an extended bear period, it is starting to look like this altcoin may never return to its previous glory again. However, this might be wrong as expectations for another bull run for the MOVR altcoin are rising once again. MOVR Ready To Move Out Of Extended Consolidation According to a crypto analyst, the MOVR price may be getting ready to move out of a drawn out downtrend and....
Crypto lending platform is ready to return $50 million out of $210. United States-based crypto lending platform Celsius, which collapsed and stopped the withdrawal option amid the market meltdown in June, pledged its readiness to partially return money to customers. However, there’s a catch — as the company has filed a motion with the United States Bankruptcy Court, its pledge would only apply to Custody and Withold Accounts and for custody assets worth $7,575 or less in value.The community response to the motion has been mixed, with some creditors happy to get back at least some of the....