Bitcoin Price Eyes $82K Break, Bulls Prepare For Bigger Rally
Bitcoin price started a downside correction from the $82,000 zone. BTC is consolidating and might aim for a fresh increase if it clears $82,000. Bitcoin failed to stay above $81,500 and extended losses. The price is trading above $80,500 and the 100 hourly simple moving average. There is a key contracting triangle forming with support at $80,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might extend losses if it stays below the $81,800 and $82,000 levels. Bitcoin Price Dips Again Bitcoin price failed to clear the $82,000 resistance zone. BTC started a....
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Solana, like Bitcoin and Ethereum, has been on a strong uptrend since July, gaining more than 33% in that time. But its latest 16% rally in just three days is especially noteworthy, as it marks $SOL’s third recent attempt to break firmly above $200, after failing twice before (once in July, and again in August). […]
A trader forecasts that conditions are converging to a new Wyckoff level, bringing new strength among altcoins, which suffered disproportionately as Bitcoin momentarily fell below $30,000. Wyckoff Level Is Critical For Bulls On July 6, Bitcoin (BTC) was heading towards a critical Wyckoff level, as BTC price movement piqued traders’ interest in an altcoin rally. […]
Kusama (KSM) looks bullish on a lower timeframe. Kusama (KSM) price eyes a reclaim of 50 Exponential Moving Average (EMA) on the daily timeframe. Kusama (KSM) price aims to break above 50 EMA in the 4H timeframe. Kusama (KSM) has had a tough time recently but has shown great strength bouncing up in higher and lower timeframe. Kusama (KSM) price has struggled to remain bullish as the price fell from an all-time high of $600 to $38, with the price maintaining a downtrend with little hope of a relief rally or bounce against tether (USDT). (Data from Binance) Related Reading: Aave (AAVE)....
Ethereum was able to clear the $3,800 resistance zone against the US Dollar. However, ETH price failed to gain strength above $3,900 and it is now consolidating gains. Ethereum started a fresh increase above the $3,750 and $3,800 resistance levels. The price is now trading above $3,800 and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $3,840 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend its rally if it stays above the $3,800 support zone. Ethereum Price Gains Traction Ethereum settled above the....
XRP price is struggling to recover above the $2.920 zone. The price is now moving higher and might gain pace if it settles above $2.90. XRP price is facing hurdles and struggling to recover above the $2.920 resistance. The price is now trading above $2.850 and the 100-hourly Simple Moving Average. There is a bullish trend line forming with support at $2.8650 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to rise if it stays above the $2.850 zone. XRP Price Eyes Upside Break XRP price managed to stay above the $2.80 level and started a recovery....