Bitcoin Hovers at High Time Frame Resistance, But Bulls Stay in Control
Bitcoin saw a strong push higher today despite some weakness yesterday Where the benchmark cryptocurrency trends in the near-term will depend largely on whether or not bulls can flip the resistance at $16,500 A break above this level would open the gates for a move into the $17,000 region The coming few days and weeks should provide some serious insights into where the markets will trend in the days and weeks ahead One trader is […]
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Bitcoin Price Key Highlights. Bitcoin's price suffered a quick selloff last week, but the uptrend line on the 4-hour time frame held. This suggests that bulls might be able to stay in control for the remainder of the year, potentially taking Bitcoin back to its yearly highs. Bitcoin prices could make it all the way up to the $500 level if bulls continue to keep pushing higher, although another sharp selloff might be possible. Potential Support Zones. With the end of the year fast approaching, profit-taking activity could take place as traders want to close out with gains. For the bulls,....
Ethereum’s price has been closely tracking that of Bitcoin over the past few days and weeks This has led the cryptocurrency’s bulls and bears to reach an impasse, as both sides have been unable to spark any sustainable trend Where the market trends next will likely depend on BTC, as the cryptocurrency is currently trading between two critical levels One analyst is noting that Ethereum was rejected at a high time frame resistance level yesterday […]
Ethereum has seen some intensely bullish price action throughout the past couple of days, with bulls sparking a massive upside movement as the cryptocurrency rallies against BTC Where it trends in the short-term should depend largely on whether or not bulls can close a high time frame candle around its current price levels This would […]
Bitcoin price is still pulling back from its recent strong rallies, moving closer to the rising trend line on the daily chart. Bitcoin Price Key Highlights. Bitcoin price is still in correction mode, moving on to the lowest Fib on it daily time frame. Price appears to be finding support at the 61.8% Fibonacci retracement as a long spike formed. If bulls get back in the game, bitcoin price could resume its climb to the swing high at $775. Technical Indicators Signals. The 100 SMA is still above the 200 SMA for now, confirming that the uptrend is likely to carry on. However, RSI and....
Chainlink has seen some mixed price action over the past few days, with buyers and sellers both struggling to gain control of its mid-term trend as its price hovers within the mid-$12.00 region. This has long-been a consolidation channel for the cryptocurrency, with the resistance at $13.00 often proving to be too much for the […]