TA: Bitcoin Turns Bearish, Bears In Control Below $40K
Bitcoin started a strong decline below the $40,000 support against the US Dollar. BTC might recover, but upsides might be limited above $38,000. Bitcoin started a major decline below the $40,000 and $38,000 support levels. The price is now trading below $38,000 and the 100 hourly simple moving average. There is a key bearish trend line with resistance near $36,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to move down if there is a break below the $34,000 support. Bitcoin Price Extends Losses Bitcoin price started a major decline below the....
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Litecoin has been bearish since finding resistance in March at 2.14. The 4H chart shows a market that made a price top around 2.00 when it fell below support at 1.97. Since the slide, the market has reached a low around 1.60. ltcusd has broken below the 200-, 100-, and 50-period simple moving averages (SMAs) in the 4H chart. Also, the moving averages have shifted from sloping up with bullish alignment to sloping down with bearish alignment. (Bearish alignment = 200- above 100- above 50-period SMAs). Litecoin (LTCUSD) 4H Chart 31/3. As we begin the week, it looks like the bears in March are....
Bitcoin has seen some rocky price action as of late, with bulls and bears battling for control over the cryptocurrency’s mid-term outlook. So far, this has resulted in the cryptocurrency seeing some bearish momentum, with sellers taking general control over its trend. This may soon change, however, as buyers are in the process of pushing […]
The crypto market is seeing another week in the red with Bitcoin, Ethereum, and larger cryptocurrencies trading to the downside over the past 7 days. The general sentiment in the market turns bearish as the nascent asset class completed a major milestone with “The Merge”. Related Reading: Solana-Based Okay Bears NFTs Sign Licensing Agreement With […]
Like other altcoins in the space, the Cardano price has suffered a tremendous amount of losses over the last few months. This relentless sell-off has pushed the ADA price so low that it is now sitting at levels not seen since the last bear market. Even now, Cardano remains in danger of further decline, as explained by crypto analyst Lingrid in a recent analysis. Why Cardano Could Crash Further The major problem being faced by the Cardano price now is that the bulls have failed a number of times to reclaim control from the bears. With each failure, the hold by the bears becomes stronger,....
Bitcoin is currently trading below the $100K mark, with no clear trend in sight. After an intense period of volatility, bulls lost control last weekend, failing to sustain momentum for a breakout above all-time highs. However, bears also lack the strength to push the price significantly lower, leaving BTC in a state of consolidation. Related […]