BNB Price Tops $600: Can the Rally Continue?
BNB price started a fresh increase above the $550 resistance zone. The price is now consolidating near $600 and might aim for more gains. BNB price started a fresh increase above the $550 resistance zone. The price is now trading below $580 and the 100-hourly simple moving average. There is a key bullish trend line forming with support at $585 on the hourly chart of the BNB/USD pair (data source from Binance). The pair must stay above the $575 level to start another increase in the near term. BNB Price Extends Rally In the past few days, BNB outperformed Ethereum and Bitcoin. It remained....
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The Bitcoin price rally looks set to continue higher after correcting Wednesday's powerful advance. Various technical indications of continuing advance are considered in today's analysis, as well as, the likely targets to the upside. Bitcoin Price Rally. Summary. Comments. Also read: Raoul Pal Thinks The Bitcoin Price Will Be $100,000 or $1,000,000. Bitcoin Price Rally. Time of analysis: 15h00 UTC. US Session. Monday's messy price action changed gear on Tuesday and Wednesday when Bitcoin showed its stuff by charting a legendary price rally that advanced relentlessly for over $100. Our....
Bitcoin price could be due for more declines after making a downside break of consolidation and forming a reversal pattern. Technical indicators are suggesting a potential bounce for now, with the 100 SMA above the 200 SMA and oscillators moving out of the oversold levels. Both RSI and stochastic are also showing slight bullish divergences, hinting that buyers could come back in the game and trigger a pullback or rally for bitcoin price. A pullback could lead to a test of the broken triangle support near $430 and the moving averages, which might hold as dynamic inflection points. A larger....
A metric that has predicted previous bitcoin market tops indicates this rally has just begun.
Historical data of the “coin days destroyed” indicator versus the Bitcoin price may suggest the metric can help predict tops. The Bitcoin Coin Days Destroyed (CDD) Indicator As explained by an analyst in a CryptoQuant post, the coin days destroyed metric might be a reliable indicator for BTC tops. A “coin day” is defined as […]
Bitcoin price remained in a bullish zone above the $45,000 support against the US Dollar. BTC is eyeing a fresh rally above the $48,000 and $50,000 resistance levels in the near term. Bitcoin climbed above the $48,000 resistance, but it struggled to continue higher towards $50,000. The price is trading nicely above the $45,000 level […]