Bitcoin price is ‘likely starting the next push up’ if $42K holds as support
Multiple technical indicators suggest that BTC is preparing for a breakout, despite concerns about rising inflation and conflict in Ukraine. The cryptocurrency market remains in a state of flux as investors are once again focused on what steps the U.S. Federal Reserve might take to combat rising inflation and markets wobble as the situation in Ukraine remains tense.Data from Cointelegraph Markets Pro and TradingView shows that the price of Bitcoin (BTC) has hovered around the $44,000 support level and traders are hopeful that an inverse head and shoulders chart pattern will lead to a....
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Bitcoin price tested the $47,000 support zone before starting a recovery against the US Dollar. BTC is showing positive signs, but it might face hurdles near $53,500. Bitcoin is rising and it is trading nicely above the $50,000 pivot level. The price is now trading well above $51,000 and the 100 hourly simple moving average. […]
Shiba Inu has spent the past several days trading in a downward path after a failed breakout attempt above $0.000015 earlier this month. Despite the cautious sentiment among investors, Shiba Inu’s chart structure on the 2-day candlestick timeframe is pointing to an interesting structure. Related Reading: Shiba Inu Completes Bullish Setup: Why A 138% Climb Could Be In The Works A technical analysis by crypto analyst Jonathan Carter highlights a descending triangle formation that could set the stage for a strong bullish move. The setup suggests that if support holds, SHIB could be preparing....
Bitcoin price was sold aggressively this past week. More losses are possible, but the $400 support area holds the key. Intraday Support Level can be $400. Intraday Resistance Level may be $420. Bitcoin price traded down, and as highlighted in this past week’s analysis, the resistance area of $450 played well to push the price down. There was a sharp downside reaction, and the price moved closer to the $400 level. A new monthly low of $402 was formed where the bulls are putting up a fight to prevent any additional weakness. There are a couple of bearish trend lines formed on the hourly....
Bitcoin Price Key Highlights. Bitcoin price came close to the $300 mark in its stellar rally towards the end of the previous week. Price made a large correction after the strong climb, as buyers are garnering more energy for sustained gains past the recent highs. Bitcoin price is on a steady uptrend on its 1-hour time frame and is pulling back to a rising trend line support area. 100 SMA Support. Aside from finding support at the ascending trend line, bitcoin price is also propped up by the 100 SMA. This short-term moving average is above the longer-term 200 SMA, indicating that the....