TA: Bitcoin Reaches Key Juncture, Why BTC Could Struggle To Recover
Bitcoin price extended its decline below the $33,500 support against the US Dollar. BTC is now consolidating above $32,200, below which it could accelerate lower. Bitcoin started a fresh decline below the $33,500 and $33,200 support levels. The price is now trading below the $33,000 support and the 100 hourly simple moving average. There is […]
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Bitcoin has been facing some immense volatility throughout the past few days and weeks, with sellers stepping up and trying to invalidate the strength seen by the cryptocurrency as they hold it below the key $19,000 level. A sustained bout of trading below this level will certainly degrade its technical strength. Still, the intensity of […]
Binance coin price is up over 7% and it is outperforming bitcoin against the USDT. BNB could rally further if it clears the $35.50 resistance zone in the near term. Binance coin price is gaining bullish momentum above the $32.00 resistance against the USDT. The price is testing a major hurdle near $35.50 and the […]
Ripple is holding the key $0.2380 support zone against the US Dollar. XRP price must climb above $0.2450 to increase the chances of an upside break above $0.2550. Ripple is likely forming a crucial breakout pattern with support near $0.2380 against the US dollar. The price is now trading near the $0.2420 pivot level and […]
Ethereum price struggle to recover against the Bitcoin and the US Dollar continues. It looks like ETH/USD may decline further in the short term. Key Highlights. ETH price attempted a minor recovery against the US Dollar and Bitcoin, but failed to gain momentum. There are a couple of bearish trend lines formed on the hourly chart (data feed via SimpleFX) of ETH/USD, which are acting as a resistance. As long as there is no break above these trend lines, there is a chance of further declines. Ethereum Price Resistance. It looks like even a successful Ethereum 4th Hard fork was not able to....
Shiba Inu continues to struggle in the market, especially as Bitcoin continues to demonstrate muted price movements ahead of the halving. This market-wide downtrend continues to keep the prices of cryptocurrencies down. However, for the long term, the outlook for coins like Shiba Inu continues to be incredibly bullish, according to analysts. Crypto Analyst Says […]