TA: Bitcoin Holds Strong, Here’s Key Resistance Turned Support
Bitcoin extended its rally above the $57,000 against the US Dollar. BTC could continue to rise if it is above the $56,000 support zone. Bitcoin is trading in a positive zone above the $56,000 support zone. The price is now trading above $56,000 and the 100 hourly simple moving average. There was a break above a key declining channel with resistance near $55,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is correcting gains, but the bulls could remain active near $56,000. Bitcoin Price Eyes More Upsides Bitcoin price remained well supported above the $55,000....
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Bitcoin price is holding the $55,000 support zone against the US Dollar. BTC must clear the $57,000 resistance and the 100 hourly SMA to move into a positive zone. Bitcoin is somehow holding the $55,000 and $54,500 support levels. The price is now facing a strong resistance near $57,500 and the 100 hourly simple moving […]
Today is September 30, and while for most all it does is mark the last day of the month, for Bitcoin, it marks an incredibly critical monthly candle close. The first-ever cryptocurrency is retesting an important resistance level turned support on monthly timeframes, and holding strong could be a confirmation of a breakout from the […]
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Polkadot’s DOT started a strong surge after it broke the $10.00 resistance against the US Dollar. It is up over 35% this week, and it outperformed bitcoin. DOT gained pace above the $9.50 and $10.00 resistance levels against the US dollar. The price traded to a new yearly high at $11.60 and settled well above […]