Watch these two levels if Bitcoin price sees a major correction before $20K
Bitcoin is leading a monster rally, but is BTC overdue for a sharp correction? Bitcoin (BTC) is on the run, printing a new high with each day. After officially achieving a new all-time high by market cap, will Bitcoin finally break through that elusive $20K barrier once more? Or will we first see a major correction? When correction? BTC/USD 1 week chart. Source: TradingViewIt’s hard to not get excited when looking at the weekly Bitcoin chart. In the past 30 days, Bitcoin has undergone a true parabolic run. But it is yet to reclaim its previous all-time high, which is just 10% away.....
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In this morning's bitcoin price watch piece, we published our thoughts on how the situation in Greece was unfolding, and how it would in turn affect the bitcoin price going forward. We suggested that - from the swift decline we saw from yesterday's highs - we might see a correction and some upside momentum return us to around the 300 mark and - perhaps - beyond. However, during today's session, we have seen some pretty flat action. While we did get something of a correction from this level, we have failed really to move that much, and we currently trade well within the range we slated this....
Bitcoin price extended its increase toward the $28,500 resistance. BTC corrected gains and is currently holding a key support at $27,350. Bitcoin climbed further higher above the $28,000 and $28,200 resistance levels. The price is trading above $27,400 and the 100 hourly Simple moving average. There is a major bullish trend line forming with support near $27,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase unless there is a move below the $26,650 support. Bitcoin Price Remains Supported Bitcoin price started a decent increase above....
Ethereum failed to stay above $2,400 and started a major correction against the US Dollar. ETH price is now approaching the key $2,100 and $2,080 support levels Ethereum failed to gain pace above $2,400 and it started a downside correction. The price is now trading below $2,200 and the 100 hourly simple moving average. There was a break below a major bullish trend line with support near $2,200 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to find a strong buying interest near the $2,100 and $2,000 support levels. Ethereum Price Corrects Lower Ethereum started a....
Here's a look at what we are focusing on in the bitcoin price this evening. This morning we noted that action in the bitcoin price was perfect for going at the markets with an intrarange, intraday strategy. We discussed the fact that price seemed to have held pretty flat between two key levels for the last few days, and that by going after these two levels on a bounce/correction strategy might be our best option. As it turns out, we were right. Action has now matured throughout the day, and we managed to get in and out of the markets a couple of times for an intrarange profit based on our....
Bitcoin price is still struggling to gain bullish momentum above $11,500 against the US Dollar. BTC could start a major downside correction if it breaks $11,200 and the 100 hourly SMA. Bitcoin is struggling to settle above the $11,500 and $11,520 resistance levels. The price is currently trading just above the $10,400 support and the […]