Bitcoin, Ethereum Technical Analysis: BTC Moves Away From $20,000 Following H...
Bitcoin moved away from its recent low of $20,000 on Thursday, following a historic rate hike from the Federal Reserve. As inflation in the United States rose to a 44-year high of 8.6% last month, the Fed responded by hiking rates by 0.75%. ETH was also marginally higher today. Bitcoin BTC was marginally higher on Thursday, as markets responded to the latest interest rate hike from the Federal Reserve. The Fed opted to hike rates by 75 basis points (bps) during its latest policy meeting, with BTC/USD rising to $22,868.92 as an ostensible result. Thursday’s move sees bitcoin move....
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Ethereum price after dipping a few points towards $9.20 found support. It looks like ETH/USD is struggling to gain pace in the short term. Ethereum price ETH showed no signs of bullish moves, and continued to trade in a tiny range. It looks like the ETH bulls are not able to find a solid reason to take the price higher. We can say that ETH/USD is currently directionless and it may continue to trade in a range in the short term. There are a couple of bearish trend lines formed on the hourly chart (data feed via Kraken) of ETH/USD, which may ignite moves. The price just moved above the 100....
Following a week of consolidation, bitcoin and ethereum prices both rallied past key resistance levels to start the weekend. Bitcoin moved beyond $40,000, with ethereum climbing over the $3,000 mark.
Bitcoin
Cryptocurrencies were higher to start the weekend, as markets appear to have moved past recent bearish sentiment.
The world’s largest cryptocurrency bitcoin (BTC), became even more valuable on Saturday, as it broke out of its $40,000 resistance level.
BTC/USD hit an intraday high of $41,729.43 during Saturday’s session, as markets....
Ethereum surged to a two-month high above $1,900 on Thursday, as the token continued to rally following yesterday’s U.S. inflation report. Inflation in the United States was at 8.5% in July, giving traders some optimism on a potential gradual recovery. Bitcoin was also in the green, as prices moved closer to $25,000. Bitcoin Bitcoin (BTC) was up for a second straight session on Thursday, as prices continued to react to the latest inflation report. Following a low of $23,031.88 on Wednesday, BTC/USD surged to an intraday peak of $24,669.13 earlier today. The move saw the....
Ethereum price looks like forming a monster range on the weekly time frame chart versus the US Dollar, which may stay for some time. Key Highlights. ETH price mostly traded in a range this past couple of weeks against the US Dollar. If we have a look at the weekly chart (data feed via SimpleFX) of ETH/USD, there is a broader range formed. On the upside, there is a major resistance near $15.00, and on downside $7.00-20 is a support. Ethereum Price Range. Ethereum price ETH surprised many traders recently with its ranging moves against the US Dollar. The fact is that there is no major reason....
Ethereum is trading very flat in a dull session as bitcoin remains undecided about the future direction. Currently at 0.00191BTC, Ethereum is in a no trade zone as discussed in the previous technical analysis. Sole Positive – The technical indicators are, however, rebounding from the respective oversold levels. I would like to discuss the resistance and support levels for Ethereum now. To serve this purpose, I will be using the 4-h ETH-XBT pair. Chart Structure – The pair has been registering lower tops and lower bottoms for the past 10 trading sessions. Connecting the two highs in this....