Bitcoin Could Be Forming “Local Top” as Indicators Suggest Rally is Overheated
Bitcoin has seen one of its first strong pullbacks posted in the time since its rally formed its latest leg higher that led it all the way up to $24,200 The rejection here proved to be quite intense, as it sparked a selloff that led the crypto as low as $22,000 this morning The support here was quite intense and helped slow its ascent, with buyers aggressively stepping up to guard against a decline below […]
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Bitcoin price is holding an important support near the $11,230 level against the US Dollar. BTC is likely to rally above $11,500 as long as it is above the $11,000 pivot level. Bitcoin started a downside correction after it failed to clear the $11,600 resistance zone. The price is still trading well above the $11,000 […]
Litecoin price is gaining momentum above $60.00 against the US Dollar. LTC is likely to continue higher (similar to bitcoin) towards $70.00 or $75.00 in the near term. Litecoin started a strong rally above the $55.50 and $58.00 resistance levels against the US Dollar. The price is now trading nicely above the $60.00 level and […]