Bitcoin bulls stampede toward $60,000 after a key BTC resistance is broken
Bitcoin price takes aim at a new all-time high as traders push BTC back above $57,000 and institutions increase their exposure to cryptocurrency. Within the last hour, Bitcoin (BTC) price surged to $57,100, a level not seen since Feb. 20 when BTC price made a new all-time high at $58,352. The bullish breakout signals that investor sentiment has shifted back in favor of bulls and it increases the likelihood that BTC will attempt a run at the $60,000 level.Data from Cointelegraph Markets and TradingView shows that Bitcoin bounced off a low of $52,998 in the early morning hours and proceeded....
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In this episode of NewsBTC’s daily technical analysis videos, we take a look at the Bitcoin price rally to see if it can turn into something much bigger. Are bulls ready to stampede all over bears? Take a look at the video below: VIDEO: Bitcoin Price (BTCUSD): October 25, 2022 Crypto Winter Finally, some action in Bitcoin, and so far it is to the upside. Bitcoin price is testing just below $20,000 currently. Related Reading: Can Bitcoin Bring An End To Crypto Winter? | BTCUSD Analysis October 24, 2022 BTCUSD Daily Begins Potential Bollinger Band Squeeze This is particularly....
Bitcoin price has broken $50,000 and is now well above the key phycological resistance level. At the halfway point to $100K per coin, there was bound to be some resistance, but already bulls have pushed the price per BTC to new record highs. At the current price per coin, the first ever cryptocurrency is less […]
Ethereum price climbed higher and there was no stopping the bulls. It looks like the bulls may attempt to take it towards the $15.00 level. Intraday Support Level can be $11.80. Intraday Resistance Level may be $13.30. Ethereum price surged higher this past week and broken every resistance that came in its way. There was a major resistance formed near $12.00 where the bears attempted a couple of times to defend it. However, at the end, the bulls succeeded and took the price above the stated level. There was a sharp upside move towards the $13.00, and the price stopped near $13.33. There is....
Ethereum price is fighting hard, but it won’t be an easy task for the ETH bulls. Only a break and close above $13.00 may call for a bullish move. Key Highlights. Ethereum price traded down one more time against the US Dollar, but the last low of $10.13 acted as a perfect support area. Yesterday’s highlighted contracting triangle pattern on the hourly chart (data feed via Kraken) of ETH/USD was broken during the downside move. The price is still below the upper trend line, which needs to be broken before the price can move higher. Ethereum Price Resistance. Ethereum price ETH traded lower....
Bitcoin price this morning touched $50,000 – a feat that might have have made a bear market look a lot less likely. But bulls could be celebrating too early, and a max pain scenario of a symmetrical triangle few currently see could end up shaking up both bears and bulls in the days ahead. Here is a much closer look at the symmetrical triangle, what the corrective pattern suggests, and why bulls certainly aren’t out of the woods just yet. Downtrend Remains Unbroken, Symmetrical Triangle Possible Downtrends can be deceiving. They don’t always necessarily mean a bear market, and....