Bitcoin Price Inches Toward All-Time High — Can Momentum Finish the Job?
Bitcoin price started a fresh increase and cleared the $105,500 zone. BTC is now consolidating and might aim for another increase toward $108,000 Bitcoin started a fresh upward move from the $102,500 zone. The price is trading above $103,500 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $104,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears the $106,000 resistance. Bitcoin Price Extends Gains Bitcoin price started a fresh increase from the $102,500 support zone. BTC....
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Here's a look at what we are focusing on in the bitcoin price this morning. So here we go. We are in the home straight now, and closing in on what has been one of our best weeks in a while in the bitcoin price. Action has been incredibly volatile, and we have seen a number of key support and resistance levels broken on pretty high-volume trading. High volume generally means sustained momentum, and sustained momentum translates to effective breakout trades. We have a couple of sessions left, and we are hoping to finish out the week as strongly as we started it. So, with this in mind, and as....
Here's a look at what we are focusing on in the bitcoin price this morning. So here we go. We are in the home straight now, and closing in on what has been one of our best weeks in a while in the bitcoin price. Action has been incredibly volatile, and we have seen a number of key support and resistance levels broken on pretty high-volume trading. High volume generally means sustained momentum, and sustained momentum translates to effective breakout trades. We have a couple of sessions left, and we are hoping to finish out the week as strongly as we started it. So, with this in mind, and as....
At the height of the bitcoin rally, end-of-year predictions had flown around with abandon. Most had placed the price of the digital asset at $100,000 before 2021 ran out. With the movement of the asset at that point, one could easily look at those predictions and see how it could be a possibility. However, the crypto market has proved again that there is really no telling what might happen with it. Bitcoin had ridden the wave up to $69,000 but that would prove to be the top of that rally as a crash sent the price back towards $40,000 not too long after. Now, the price of bitcoin is....
Bitcoin has seen some relatively lackluster price action throughout the past few days and weeks, with the crypto’s price being unable to surge as it inches towards its $40k resistance This has come as its smaller counterparts all see massive momentum, with ETH seeing a monumental rally while many smaller altcoins also surge BTC’s lack of intense upside has come about due to the intense selling pressure it has been facing within the upper-$30,000 region, […]
Post scripting another breakout from a contracting channel, Bitcoin rose to an intraday high of $247.99. With this gain, Bitcoin has marched towards the primary target of $250. On the increased hopes of a possible Greek government deal with its creditors, Bitcoin is trading up 1.04% at $246.98. Market participants must book partial profits when the first target is met. The other two targets of this breakout are $255 and $260. Technical indicators overlaid on the 240-minute BTC-USD price chart tell of a positive undertone for Bitcoin. Bitcoin Chart Structure - As can be seen from the above....