Bitcoin Price Breaks Below $30,000 Support, Erasing 2021 Rally
Bitcoin price is now below $30,000 for the first time since making the 2021 rally now a memory. The leading cryptocurrency by market cap first opened the year at around $28,800 – a price just touched during today’s crypto market bloodbath. The entire 2021 is now gone in a flash | BTCUSD on TradingView.com Bitcoin […]
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Bitcoin gains in 2021 dropped below 1% as strong selling continues.
Bitcoin has rebounded after taking support from the trendline discussed earlier. The price is now trading at $232.73, 1.79 percent higher than yesterday. The rebound of the past two sessions is erasing the losses for the week. As the cryptocurrency heads into the weekend, things become even more interesting as a new range is expected to trap Bitcoin. I am expecting the level of $220 to continue playing as a support while the zone of $240-242 should act as an upside barrier to Bitcoin. Technical analysis of the daily BTC-USD price chart has been presented below. Bitcoin Chart Structure -....
XTZ’s price shows a spark of strength as price breaks out from a descending triangle as price eyes $2 with good volume. XTZ continues in a range-bound downtrend movement as the price aims to breakout. The price of XTZ continues to trade below the 50 and 200 Exponential Moving Averages (EMA) on the daily timeframe. Despite market uncertainties that have affected the prices of many altcoins in recent weeks, the price of Tezos (XTZ) has remained strong. Tezos (XTZ) has held firm ahead of a breakout from its long downtrend, with the price indicating a possible rally to $2. Bitcoin (BTC)....
Litecoin price declined heavily below $150, but it found support near $115 against the US Dollar. LTC is currently rising, but it is likely to face a strong resistance near $150. Litecoin started a strong decline below the $165 and $150 support levels against the US Dollar. The price is rising from the $115 zone […]
Axie's monthly revenue has dropped over 98% from its August 2021 peak of $364.4 million. Axie Infinity (AXS) has been forming a giant bearish reversal pattern since July last year, which could send its prices down by another 95% in 2022.AXS risks one big breakdownDubbed the "inverted cup and handle," the pattern is identified by its large crescent shape followed by a modest upward retracement. It typically resolves after the price breaks out of the rising channel, followed by another break below the cup-and-handle's neckline support.Meanwhile, as a rule of technical analysis, an inverted....