Bitcoin Price Pulls Back to Support—Breakdown or Bounce Ahead?
Bitcoin price started another decline below the $96,800 zone. BTC is retesting the $95,500 support zone and might struggle to recover losses. Bitcoin started a fresh decline from the $98,000 zone. The price is trading below $96,500 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance at $96,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it stays above the $95,000 zone. Bitcoin Price Dips To Support Bitcoin price failed to clear the $99,000 and $100,000 resistance levels. BTC formed....
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ETH price holds above $1,200 as bulls don’t want to let go of a price below key support Price continues to trade below 50 and 200 Exponential Moving Average (EMA) on the daily timeframe. ETH price bounced on the four-hourly chart after a bullish divergence appeared. The price of Ethereum (ETH) has shown less bullish sentiment after its much anticipated “Ethereum Merge.” Ethereum saw its price plummet against tether (USDT) following the Federal Open Market Committee news (FOMC). The Federal Reserve raised its target interest rate by 75 bps, negatively affecting the price....
Ethereum has strongly underperformed over recent days, but it may bounce soon. One trader noted that the coin has reached an important technical support level as per the Ichimoku Cloud. This is likely to result in a bounce, analysts say. Ethereum Poised to See Rally as Crucial Support Is Hit Ethereum has strongly underperformed over recent days. The leading cryptocurrency has slipped from around $420 to $386, despite the price of Bitcoin setting new year-to-date […]
A descending triangle breakdown coupled with XRP's correlation with Bitcoin can put downward pressure on price. XRP continued its correction trend on April 25, falling by 5.5% to reach $0.64, its lowest level since Feb. 28.More XRP price downside ahead?The plunge increased the possibility of triggering a bearish reversal setup called descending triangle. While these patterns form usually during a downtrend, their occurrences following strong bullish moves usually mark the end of the uptrend.XRP has been in a similar trading channel since April 2022, bounded by two trendlines: a lower....
It’s happened again, folks. After a stellar increase over the last few days, the bitcoin price has fallen back down to reach a trading mark of around $741 at press time. We’re only a few dollars behind, but the digital currency is following in its “own footsteps.” Bitcoin Price Losing Steam? Not According to Analysts. One source describes bitcoin’s ongoing fluctuations: “It seems prices is teasing us a little at the moment. Just as we get up to the region around which we can start targeting the 800 flat mark as an initial upside target and – beyond that – use it as resistance, the bitcoin....
Bitcoin price could be due for a triangle breakout this week as there are top-tier catalysts on deck. Bitcoin Price Key Highlights. Bitcoin price is still stuck inside its symmetrical triangle consolidation pattern on the 4-hour time frame. Price is hovering close to the support around $450 for now, still deciding whether to make a bounce or break. A bounce could lead to a test of resistance at $455 while a breakdown could trigger a longer-term downtrend for bitcoin. Technical Indicators Signals. The 100 SMA is above the 200 SMA on the 4-hour time frame so a bounce seems more likely.....