Bitcoin Price Consolidates Near $50K, Why BTC Bulls Could Fail Near $52.5K
Bitcoin price extended its decline below the $50,000 support against the US Dollar. BTC is now consolidating losses and it remains at a risk of more downside below $48,000. Bitcoin declined heavily below the $52,000 and $50,000 support levels. The price is now trading well below $52,000 and the 100 simple moving average (4-hours). There […]
Related News
The bitcoin price chart has been whip-sawing as buyers eagerly anticipate the next advance, while profit-takers capitulate on each approach of $780 (Bitstamp). Technical analysis finds a repeating pattern and its potential outcome. The 1hr candle Bitfinex chart illustrates the dynamic of price consolidation and MACD compression. MACD compression is evident from its Bollinger Bands. As annotated in the chart, the Bollinger Bands contract around MACD as price consolidates into a narrowing range. Although MACD tends towards its zero line during price consolidation (decreasing volatility), we....
Bitcoin has seen some mixed price action as of late, with bulls and bears largely reaching an impasse as the cryptocurrency consolidates Where it trends next will undoubtedly depend largely on whether or not bulls can break the ongoing consolidation phase and spark a move higher This will likely only come about if BTC can […]
Ethereum’s price has been trapped below one crucial level throughout the past few days While it has been flashing signs of strength, buyers have not been able to shatter the selling pressure that exists at $450 This is a key level that ETH bulls have been struggling to break above throughout the past few days and weeks Until this level is firmly surmounted, the crypto may remain in a somewhat precarious position Buyers and sellers […]
Ethereum corrected lower below $2,100 against the US Dollar, but stayed above $2,050. ETH price is likely to start a fresh increase as long as it is above the $2,000 support. Ethereum is showing signs of a fresh increase above $2,120 and $2,150. The price is now trading nicely above the $2,080 support and the […]
Litecoin continues to disappoint investors as bulls fail to march ahead in the absence of positive triggers. The Litecoin price has consistently struggled to break above the $2-mark and there are no visible or underlying indications which point toward better trading sessions for the cryptocurrency. Each Litecoin is currently worth $1.92. The 240-minute LTC/USD price chart above represents an uninspiring outlook for the Litecoin bulls. The value of each Litecoin has been swinging between $1.80 on the lower end and $2 on the upper end. The Bollinger band, with values of $1.89 and $1.93, is....