TA: Bitcoin Sets New Monthly Low, What Could Trigger A Comeback
Bitcoin price extended its decline below the $40,000 level against the US Dollar. BTC is now recovering and it could climb higher if it clears the $42,500 resistance. Bitcoin settled below the $44,000 and $43,000 support levels. The price is still trading below $43,000 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $42,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a decent increase if it settles above $42,500 and $43,000. Bitcoin Price Attempts Fresh Recovery Bitcoin price failed to....
Related News
One after another, cryptocurrencies like Bitcoin and Ethereum have been breaking out and above their former all-time highs, causing a surge of FOMO and price discovery to follow. The latest coin to do so, is exchange token Binance Coin (BNB), which has now set a record for its largest monthly candle – dollar for dollar – […]
Ethereum is still under significant bearish pressure, with the possibility that the downward trend might continue in the coming days or weeks as the market struggles to recover. After dropping sharply over the last few days, ETH may have finally reached that crucial moment that could trigger a significant upward surge. A Strong Rally To […]
Bitcoin price has smashed all expectations, but even more so it has crushed almost all other commodities into dust in terms of raw ROI. Confusingly, however, gold is at the very bottom of the barrel. Here’s how Bitcoin has decimated the once precious metal and hard money standard, but also a look at a comeback […]
BixBcoin is making its comeback in a big way using enticing new features on the blockchain. The peer-to-peer digital asset is built on its own blockchain and has been in operation for over a year. The project found success not too long after launching in March 2020, going on to hit multiple new all-time highs […]
Earlier this week, Fed Governor Christopher Waller said inflation is still too high, so more rate cuts may be necessary. While FedWatch sets the probability of the next rate cut happening on March 19 as just 2.5%, Trump’s tariff war could change the odds. For the crypto market, this means one thing–the bull run is […]