TA: Bitcoin Reclaims $50K, Why 100 SMA Is The Key For Larger Increase
Bitcoin is recovering and trading above $50,000 against the US Dollar. ETH must settle above $51,000 and the 100 hourly SMA to continue higher. Bitcoin started a recovery wave above the key $50,000 resistance zone. The price is now trading near $51,000 and the 100 hourly simple moving average. There is a short-term bullish trend line forming with support near $49,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a decent upward move if there is a close above $51,000. Bitcoin Price Gains Momentum Bitcoin price started a decent recovery wave after a....
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Bitcoin price started a fresh increase above the $57,500 resistance against the US Dollar. BTC is showing positive signs above $58,000 and the 100 hourly SMA. Bitcoin remained well bid above the $56,000 level and it started a fresh increase. The price is now trading above the $58,000 level and the 100 hourly simple moving […]
Bitcoin price started a decent increase above the $56,000 resistance against the US Dollar. BTC is showing positive signs and it could aim a break above $58,000. Bitcoin formed a support above $54,000 and it recovered above the $56,000 zone. The price is now trading above the $56,000 level and the 100 hourly simple moving […]
Bitcoin price gained pace for a move above $20,000 against the US Dollar. BTC is showing positive signs and might rise further above $20,500. Bitcoin started a steady increase above the $19,200 and $19,500 resistance levels. The price is trading above $20,000 and the 100 hourly simple moving average. There is a connecting bullish trend line forming with support near $20,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is gaining pace and might rally further above the $20,500 level. Bitcoin Price Gains Pace Bitcoin price formed a base above the $19,000 level and....
Traders are mixed after the price of Bitcoin sees a sudden pullback from $10,950 to $10,630 overnight. The price of Bitcoin (BTC) abruptly dropped on Sep. 29 from $10,950 to $10,630 overnight, recording a 3% drop. Following the rejection at $11,000, the sentiment of traders remains mixed.Some are cautiously optimistic under the premise that BTC reclaims the $10,700 level. Technically, analysts say that the $10.7k area is a critical pivotal price point for Bitcoin in the near term.Others say that the price trend of BTC has reversed in the short term after its rejection. The intense reaction....
Bitcoin faced an extreme correction earlier today. Over the span of 12 hours, the cryptocurrency plunged from the $41,000 region to lows on spot exchanges close to $34,000 and lows on futures exchanges close to $35,000. BTC lost over 15% over the span of this rally. The cryptocurrency has since bounced swiftly to the upside, reclaiming a key support level per analysts. Bitcoin Reclaims Key Support Level After Flash Crash Lower Bitcoin faced an extreme […]