TA: Why Bitcoin Is Primed To Rally Above $24K, $23K Holds The Key
Bitcoin price is holding gains above $23,000 and $23,200 against the US Dollar. BTC is showing positive signs and it seems to be preparing for more upsides above $24K Bitcoin is trading nicely above the $23,000 and $23,200 support levels. The price is currently trading near $23,800 and it is well above the 100 hourly […]
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Bitcoin has rallied strongly over the past few weeks. The leading cryptocurrency surged from $10,400 to $11,750. The coin now trades for $11,400 after a slight correction as buying pressure tapered off. Bitcoin is primed to move lower in the near term as it aims to set up another leg to this ongoing rally, analysts say. Crypto analysts think this is the case, along with analysts at JP Morgan. Bitcoin Primed to Move Lower Prior […]
Bitcoin has undergone a slight drop since the $16,400 highs. Though analysts think that the cryptocurrency remains bullish as the $16,000 support level holds. Related Reading: Here’s Why Ethereum’s DeFi Market May Be Near A Bottom Bitcoin Could Move Back Toward the Highs as $16,000 Holds Analysts think that Bitcoin could move back toward the […]
Ethereum and Bitcoin have seen mixed performance over the past few days. There was an attempted breakout a few days ago, but that failed due to weakness in legacy markets. ETH is up 0.8% in the past 24 hours, slightly outperforming Bitcoin. Ethereum is primed to move higher in the coming week or two due to on-chain and technical support, one analyst says. This rally would be in line with the introduction of the ETH2 […]
Bitcoin has undergone a strong rally over the past few weeks, rallying from the $11,000 range to $18,700 as of this article’s writing. A comparison between BTC’s current rally and the rally that Tesla saw in late 2019 suggests that in the year ahead, BTC could be primed to see exponential growth. Although this conclusion […]
Analysts think that Ethereum is primed to press higher despite last night’s $40 drop. One analyst noted that Ethereum remains in an extremely advantageous position on a macro time frame. He shared a chart showing that ETH is currently sitting above macro supports, meaning it has room to stretch toward $800 and beyond as it continues to hold those technical levels. Ethereum Could Move Toward $500 Analysts think that Ethereum is primed to press higher […]