Bitcoin must close above $21.9K to avoid fresh BTC price crash — trader
Traders paint clear cut-off points for Bitcoin price action as the week draws to an end near crucial moving averages. Bitcoin (BTC) found strength at $22,000 into July 24 with bulls still aiming for a solid green weekly close.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewClassic levels for end-of-week price focusData from Cointelegraph Markets Pro and TradingView showed BTC/USD halting a weekend drop at $21,900 to return towards the $23,000 on the day.The pair held a trading range closely focused on key long-term trendlines, which analysts had previously described as essential....
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$20,000 or $32,000? Both feature in the outlook for Bitcoin price action going forward. Bitcoin (BTC) needs to hold current levels and work to reclaim higher ones to avoid a crash in the $20,000 range, the latest analysis warns. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewIs $20,000 incoming?Data from Cointelegraph Markets Pro and TradingView showed BTC/USD still failing to cement $30,000 as support on the May 16 Wall Street open.The pair had seen fresh losses after the weekly close at $31,300 — this, in itself, disappointing market participants after sealing a record....
Crypto analyst Melika Trader has warned about a bearish pattern that could be forming for the Bitcoin price. Based on this, the analyst predicts that the largest crypto by market cap could crash to as low as $78,000. Bitcoin Price Forming Head And Shoulders Pattern In a TradingView post, Melika Trader revealed that the Bitcoin price is forming a complex head-and-shoulders pattern. He remarked that the left shoulder and double head had already formed while the right shoulder is currently forming, with BTC at risk of suffering a massive crash once this happens. Related Reading: Analyst’s....
A record monthly close could be a harbinger of more profound price gains to come, according to analysts.
Dogecoin started a fresh decline below the $0.2320 zone against the US Dollar. DOGE is now consolidating and might dip further below $0.210. DOGE price started a fresh decline below the $0.2250 level. The price is trading below the $0.2250 level and the 100-hourly simple moving average. There is a bearish trend line forming with resistance at $0.220 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could start a fresh upward move if it stays above the $0.2080 zone. Dogecoin Price Dips Further Dogecoin price started a fresh decline after there was a close below....
It could still go either way for Bitcoin price action, but one analyst believes Bitcoin is already coming out on top versus equities. Bitcoin (BTC) may continue its “bear market,” one trader says amid hope that a U.S. dollar reversal could soon improve BTC price action.In his latest YouTube update on May 2, Cointelegraph contributor Michaël van de Poppe argued that USD’s current surge would not last long.Dollar strength reversal "close"Bitcoin is still under pressure as stocks and crypto alike face the reality of a major policy flip from the U.S. Federal Reserve. Due to be announced this....