TA: Bitcoin Price Starts Corrective Decrease, Can Bulls Protect Losses
Bitcoin extended increase above the $44,000 level against the US Dollar. BTC is correcting losses, but it might find support near the $42,000 support zone. Bitcoin climbed further higher above $44,000 before it faced sellers. The price is trading near $42,750 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $43,250 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is correcting gains, but dips could be limited below the $42,000 level. Bitcoin Price Corrects Gains Bitcoin price extended increase above the....
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Ethereum traded to a new all-time high near $1,750 before correcting lower against the US Dollar. ETH price is likely to find a strong support near $1,500. ETH price traded to a new all-time high at $1,750 before it corrected lower against the US Dollar. The price is trading below $1,650, but it is well […]
Bitcoin remains range bound in lower timeframes trading at $54,277. The first cryptocurrency by market cap records almost no gains in the daily chart, but a massive 23.9% in the 7-day chart. The general sentiment in the market has flipped bullish, as investors seem to be waiting for further appreciation in Q4, 2021, a period that usually works for the bulls. Related Reading | PepsiCo Chief Financial Officer: We Don’t Intend To Invest Cash In Bitcoin Investment firm QCP Capital believes BTC’s price recent returned to the mid $50,000 was due to a “short squeeze”. Triggered by a high....
Bitcoin started a downside correction from the $55,700 zone against the US Dollar. BTC is correcting lower, but dips remain supported near $53,000 and $53,200. Bitcoin started a downside correction from well above the $55,500 level. The price is now trading above $53,000 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $53,100 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could correct lower, but the bulls are likely to remain active near $53,000. Bitcoin Price Corrects Lower Bitcoin price remained in a....