TA: Bitcoin Price Reclaims $20K, Can BTC Surpass The 100 SMA
Bitcoin extended losses and traded below $19,200 against the US Dollar. BTC found support near $19,000 and started an upside correction. Bitcoin traded as low as $18,916 and started an upside correction. The price is now trading above the $20,000 level and testing the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $19,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might gain bullish momentum if it clears the 100 hourly SMA and $20,600. Bitcoin Price Recovers Above $20K Bitcoin price started a fresh....
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Bitcoin faced an extreme correction earlier today. Over the span of 12 hours, the cryptocurrency plunged from the $41,000 region to lows on spot exchanges close to $34,000 and lows on futures exchanges close to $35,000. BTC lost over 15% over the span of this rally. The cryptocurrency has since bounced swiftly to the upside, reclaiming a key support level per analysts. Bitcoin Reclaims Key Support Level After Flash Crash Lower Bitcoin faced an extreme […]
Ethereum gained bullish momentum and cleared the $3,000 resistance against the US Dollar. ETH price is rising, but it could face hurdles near the $3,200 level. Ethereum found support and started a strong increase above the $3,000 level. The price is now trading above $3,000 and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $3,010 on the hourly chart of ETH/USD (data feed via Kraken). The pair could accelerate higher, but the $3,200 barrier might prevent additional gains. Ethereum Price Reclaims $3K Ethereum formed a base for a....
Bitcoin price started a decent increase above the $56,000 resistance against the US Dollar. BTC is showing positive signs and it could aim a break above $58,000. Bitcoin formed a support above $54,000 and it recovered above the $56,000 zone. The price is now trading above the $56,000 level and the 100 hourly simple moving […]
Bitcoin price gained pace for a move above $20,000 against the US Dollar. BTC is showing positive signs and might rise further above $20,500. Bitcoin started a steady increase above the $19,200 and $19,500 resistance levels. The price is trading above $20,000 and the 100 hourly simple moving average. There is a connecting bullish trend line forming with support near $20,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is gaining pace and might rally further above the $20,500 level. Bitcoin Price Gains Pace Bitcoin price formed a base above the $19,000 level and....
Ethereum remained strong above the $2,200 level and it climbed higher against the US Dollar. ETH price is back above the 100 hourly SMA and it is signaling more upsides above $2,400. Ethereum gained pace and it cleared the $2,300 resistance zone. The price is now trading well above $2,300 and the 100 hourly simple […]