Bitcoin Price Recovery Hopes Rise – Can Bulls Push It Past Resistance?

Bitcoin Price Recovery Hopes Rise – Can Bulls Push It Past Resistance?

Bitcoin price is attempting a recovery wave above $110,000. BTC is now rising and might gain pace if it clears the $112,000 resistance level. Bitcoin started a recovery wave above the $110,000 zone. The price is trading above $111,000 and the 100 hourly Simple moving average. There is a short-term rising channel forming with support at $110,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another decline if it stays below the $112,000 zone. Bitcoin Price Starts Recovery Bitcoin price started a fresh recovery wave above the $108,500 zone. BTC was....


Related News

Cardano Price Surges, Will The Bulls Hold The Recovery?

Cardano price has been pushed up on its chart by the bulls at the time of writing. In the past day, Cardano moved up 2%. Over the last week, the price action of the altcoin wasn’t positive as it lost most of the gains in the week. Continued buyer recovery could push ADA past its next resistance level. At the time of writing, however, ADA was trading sideways. The altcoin has remained sandwiched between $0.50 and $0.44, respectively, over the past couple of weeks. Although buying strength tried to recover on its chart, selling strength was still dominating at the time of writing. The....

Bitcoin Price Starts Recovery But Can Bulls Clear This Hurdle?

Bitcoin price started a recovery wave above the $26,250 resistance. BTC could gain bullish momentum if there is a close above the $27,000 resistance. Bitcoin is slowly moving higher above the $26,250 support zone. The price is trading above $26,250 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support near $26,250 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to rise if it clears the $27,000 resistance. Bitcoin Price Recovers Bitcoin price remained well-bid above the $25,800 level. BTC formed a....

Bitcoin Price Faces Tough Resistance Despite Recovery On The Chart

Bitcoin price continues to witness strong resistance around the $19,400 mark. Over the last 24 hours, the coin depreciated by 2.9%. At the beginning of this month, Bitcoin price had staged a brief recovery but it was met with selling pressure. After the coin started hovering near the $18,000 price mark, this level attracted buyers on the chart. Soon after that, BTC moved up on its chart two weeks ago. The technical outlook of the coin indicated that the bears hadn’t given up yet. The bulls could return to the chart if the coin broke past its immediate resistance mark. Buying strength....

Bitcoin Price Bounces Back—Can It Finally Break Resistance?

Bitcoin price started a recovery wave above the $83,500 zone. BTC is now consolidating and might struggle to settle above the $85,500 zone. Bitcoin started a decent recovery wave above the $83,500 zone. The price is trading above $83,000 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at $84,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it stays above the $83,500 zone. Bitcoin Price Starts Recovery Bitcoin price managed to stay above the $82,000 support zone. BTC formed a....

Polkadot Increases 4% And Eyes $9, What’s In Store Next?

Polkadot has surged on its chart by 4% over the last 24 hours. In the past week, DOT remained quite optimistic as it registered a 7% increase in its value. The price momentum has held on to bulls at the moment. After moving past the rigid resistance of $8, the bulls have regained strength. Technical outlook also pointed towards a positive price action for DOT. Buying strength of the altcoin has also noted an increase, which has contributed to rise in price. If demand remains consistent in the market, it would be easy for Polkadot to cross its next resistance mark. As Bitcoin continued to....