TA: Bitcoin Price Stuck In Range, Why BTC Is Still At Major Risk of Breakdown
Bitcoin is struggling to settle above $20,500 against the US Dollar. BTC could decline heavily if there is a clear move below the $19,500 support zone. Bitcoin is stuck near the $20,000 zone and trading below the $20,500 resistance. The price is now trading below the $20,000 level and the 100 hourly simple moving average. There is a short-term rising channel forming with support near $19,750 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could accelerate lower if there is a clear move below the $19,600 and $19,500 levels. Bitcoin Price Remains in a Range Bitcoin....
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Crypto analyst Trader Tardigrade has provided insights into the current Dogecoin price action. The analyst revealed that Dogecoin is currently stuck in a range amid the recent crypto market crash and suggested what could happen if the foremost meme coin breaks out of this range. Dogecoin Price Stuck In A Range, What Could Happen Next? […]
Key Highlights. Dogecoin buyers failed on many occasions to take prices above 60.0 Satoshis. Range is contracting on the hourly timeframe, which suggests that a break is on the cards in the near term. Our highlighted double top pattern is still valid, and as long as the price of Dogecoin is below 60.0 Satoshis, there is a risk of a major decline moving ahead. Contracting Range. Dogecoin price action is getting complex, and it looks like 60.0 Satoshis is turning out to be a major barrier for buyers. We highlighted a double top pattern in one of the previous analyses, which is still intact.....
Bitcoin price failed again to clear the $18,800 resistance against the US Dollar. BTC is trading in a range and it could correct lower sharply if there is a break below $18,200. Bitcoin is still trading well below the key resistance area near the $18,700 and $18,800 levels. The price is now below $18,500 and […]
Bitcoin price is trading in a range below the $57,500 resistance against the US Dollar. BTC is likely to start a major decline if there is a clear break below the $53,500 support zone. Bitcoin is struggling to gain momentum above the $56,000 and $56,500 levels. The price is now trading well below $56,500 and […]
Bitcoin price is settling inside a range but technical indicators seem to be hinting at an upside breakout. Bitcoin Price Key Highlights. Bitcoin price has been moving sideways on the slowdown in volatility, stuck in a range between support at $575 and resistance at $590. Price appears to be bouncing off the top of the range once more, gearing up for another test of support. However, technical indicators are suggesting that a breakout could take place. Technical Indicators Signals. The 100 SMA is still above the longer-term 200 SMA on this time frame, signaling that the path of least....