Bitcoin price broke out this week, but has the trend changed?
BTC’s price attempted to break out of range before retesting underlying support. Is a trend change at hand, or will the price continue to consolidate? Welcome readers, and thanks for subscribing! The Altcoin Roundup newsletter is now authored by Cointelegraph’s resident newsletter writer Big Smokey. In the next few weeks, this newsletter will be renamed Crypto Market Musings, a weekly newsletter that provides ahead-of-the-curve analysis and tracks emerging trends in the crypto market. The publication date of the newsletter will remain the same, and the content will still place a heavy....
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Ethereum price traded below $12.00 intraday, and currently attempting to move higher once again, but it may find sellers near $13.00. Key Highlights. Ethereum price after a couple of failures to test the $15.00 level vs the US dollar traded lower. I stated yesterday that these failures are not good and pay push the price down in the short term. There is a now a bearish trend line formed on the hourly chart (data feed via Kraken) of ETH/USD, which may act as a resistance if the price moves higher. Ethereum Price Changed Trend? Ethereum price ETH was in a strong uptrend for almost a week vs....
The LINK price has been the best performer in the crypto top 20 by market cap over the past week, data from Coingecko shows. The cryptocurrency recently broke out of a critical level and a downtrend and seems poised to re-capture previously lost territory. Related Reading: LINK Price Extends Increase, Will Chainlink Bulls Be Able to Hit $8.5 Milestone? As of this writing, the LINK price trades at $7.70 with a 4% profit in the last 24 hours. Over the previous week, the cryptocurrency recorded a 12% profit while other tokens in the top 20 have mostly seen losses, with Bitcoin Cash (BCH)....
Ethereum price traded sharply higher against the US Dollar to trade above $12.50. ETH/USD now remains supported and could trade further higher. Key Highlights. ETH price busted higher against the US Dollar, and broke many important resistances like $11.20 and $12.00. At the moment, there is a connecting bullish trend line formed on the hourly chart of ETH/USD (data feed via SimpleFX) with support at $12.65. The pair may continue to remain in an uptrend since the bias has now changed to bullish. Ethereum Price Upside Momentum. We saw there were tiny range moves in ETH price against the US....
Bitcoin price broke a couple of important hurdles versus the US dollar, which has opened the gates for more gains moving ahead. Key Points. Bitcoin price managed to gain traction this past week versus the US dollar and settled above the $600 level. This past week’s highlighted bearish trend line on the 4-hours chart (data feed from SimpleFX) of BTC/USD was broken during the recent upside. The price remains in an uptrend, and buying dips may be considered in the short term. Bitcoin Price Trend Line Support. Bitcoin price moved higher in a perfect 5-wave structure this past week versus the....
Ethereum’s price is again testing the bottom limit of the long-term flat. The beginning of a medium-term trend is therefore likely to grow under these conditions. ETH/USD. As was predicted last week, the large amount of buy stop orders has prevented the price from falling even lower. Instead, Ether’s price is steadily forming a sub-wave of the downward trend. At the moment, ETH has again reached the bottom limit of its long-term flat. There is a pretty large volume near $10. The sentiment of the majority of the bulls hasn’t changed from the beginning of previous week, and they still expect....