3 Reasons Why Bitcoin Could Retest $40,000 All Over Again

3 Reasons Why Bitcoin Could Retest $40,000 All Over Again

The benchmark cryptocurrency touched an intraday low of $34,200, making a higher high after falling below the key $34,000-support level in the previous session.

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Bitcoin Drops to $16K: 3 Reasons the Retest is Healthy For BTC Price Rally

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Ethereum Confirms Bullish Retest Of Crucial Support Against Bitcoin

Ethereum spent the summer months easily outperforming Bitcoin, but that trend reversed as soon as the fall months hit. The change in tune towards the DeFi trend helped take the second-ranked cryptocurrency down to retest resistance turned support. The bullish retest has since held, and it could take the altcoin back to retest highs on […]

After 16% drop, traders target $250 Ethereum price — Here’s 3 reasons why

Ethereum price corrected 16% in 4 days, led by these three key factors. The crypto market saw a significant correction today and Ether (ETH) price did not escape the carnage. In the last 24 hours, the top altcoin recorded a 12% drop as the price fell to $331. In the same period, Bitcoin (BTC) price slipped by 6.3% to find support near $10,300.Ether’s decline comes after a head and shoulders pattern became clear on the daily timeframe and the price slid into a shart downtrend over the past four day. ETH/USD 1-week chart. Source: TradingView.comThree reasons are likely behind Ether’s poor....

Bitcoin Price Consolidates: Winding Up For More Gains?

Earlier today, in the first of our twice-daily Bitcoin price watch pieces, we documented the breakout above $400 we saw last night. Traditionally, strong psychological levels (such $100, $200, $500, $1,000 etc.) will initiate the kind of volatility we saw on the break, and when they are broken to the upside, will often retest as support. Conversely, but similarly, when a key level breaks to the downside, it will often retest as resistance. In this instance, however, we've not seen this retest. Price has stayed buoyant despite the inevitable run of profit taking, and this suggests there is....

3 reasons why Bitcoin price quickly recovered after dropping to $15.7K

Bitcoin price abruptly dropped to $15,670 before traders stepped in to defend the $16,000 level. The price of Bitcoin (BTC) dropped to as low as $15,670 on Binance on Nov. 15. The highly volatile drop came hours after BTC reached $16,355, demonstrating strong momentum. Three key factors likely caused the overnight drop in the price of Bitcoin. The three potential factors are a weekend shakeout, the daily moving average (MA) retest, and a retest of the parabola.BTC/USD daily chart . Source: TradingView.comWeekend shakeouts and lower support retests are healthyAs Cointelegraph reported,....