Bitcoin Lost And Retested The 200-Day MA As Resistance – Here’s What Happened...
Bitcoin is trading below crucial support levels after massive selling pressure swept through the market. Since late January, BTC has lost over 29% of its value, fueling fear and uncertainty among investors. With global trade war fears intensifying and volatile macroeconomic conditions shaking the crypto and U.S. stock markets, traders are bracing for further downside risk. Related Reading: Bitcoin Drops Below 200-Day MA – Next Key Support Lies At $66K According To Mayer Multiple Market sentiment remains overwhelmingly bearish as Bitcoin fails to hold key technical levels. Crypto analyst....
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Ethereum (ETH) is facing significant selling pressure, trading below the $1,900 mark as market uncertainty continues to weigh on price action. After losing the critical $2,000 level, ETH plunged as low as $1,750, marking its lowest point since October 2023. Bulls are now under pressure, as they must defend the current demand zone to prevent further downside and restore investor confidence. Related Reading: Bitcoin Lost And Retested The 200-Day MA As Resistance – Here’s What Happened Last Time Market conditions remain fragile, with Ethereum struggling to find strong buying interest. If....
Bitcoin price is stuck in a range below the $33,500 and $33,800 resistance levels against the US Dollar. BTC is likely to continue lower unless it clears the $33,800 resistance. Bitcoin retested the $31,000 zone and managed to stay in a range. The price is currently facing resistance near $32,800 and the 100 hourly simple […]
Ethereum price struggled to clear $1,660 and reacted to the downside against the US dollar. ETH remains at risk of more losses if it breaks the $1,550 support. Ethereum resumed its decline and retested the $1,550 support. The price is trading below $1,600 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance near $1,610 on the hourly chart of ETH/USD (data feed via Kraken). The pair could accelerate lower if there is a close below the $1,550 support zone. Ethereum Price Dives Again Ethereum failed to settle above the $1,665 resistance zone. ETH....
Ethereum started a fresh decline from the $1,350 resistance against the US Dollar. ETH retested $1,255 and remains at a risk of more losses. Ethereum started another decline after it failed to clear the $1,375 zone. The price is now trading below $1,320 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $1,300 on the hourly chart of ETH/USD (data feed via Kraken). The pair could decline sharply if it stays below the $1,350 level for a long time. Ethereum Price Turns Red Ethereum failed to gain pace above the $1,350 resistance zone. ETH....
XRP price started a fresh decline from the $0.550 resistance against the US Dollar. It could accelerate lower and revisit the $0.45 support. Ripple’s token price is declining from the 0.550 resistance against the US dollar. The price is now trading above $0.500 and the 100 simple moving average (4 hours). There is a major bearish trend line forming with resistance near $0.5065 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair might continue to move down if it breaks the $0.488 support zone. XRP Price Takes Hit Recently, XRP made another attempt to clear the $0.550....