Bitcoin Price Could Possibly Rally Provided These Levels Are Crossed
Bitcoin price has been defeated by the bears after it traded around the $20,000 mark for quite some time. Over the last 24 hours, the coin fell by 2.1% and in the past week Bitcoin price lost close to 5% of its value. At the current moment, the coin was trading at the $19,000 price level. The price of the asset has been directly tied to the U.S Federal Reserve hiking the interest rates. Bitcoin similarly continued to face selling pressure on its chart. The technical outlook continued to demonstrate a fall in buying strength. The price of the asset currently has been demonstrating....
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Bitcoin Price Key Highlights Bitcoin's price is regaining ground after its sharp pullback to the 100 Simple Moving Average earlier on this week. Using the Fibonacci extension levels on the latest correction move suggests that the Bitcoin price might even exceed its yearly highs if bulls stay in control. Bitcoin's price could aim for the next Fibonacci extension levels on its current rally, although market event risks could pose challenges. USD Action on FOMC Statement. The upcoming FOMC statement is slated to be a major event risk for the US dollar, and its reaction to the announcement....
Bitcoin is “back in bull market territory” but traders warn that a retest of underlying support levels is bound to occur soon. There was widespread celebration across the crypto ecosystem on Aug. 23 after the sight of Bitcoin (BTC) back above $50,000 triggered a resurgence of calls for the top cryptocurrency to reach $100,000 before the end of 2021. Data from Cointelegraph Markets Pro and TradingView shows that the early morning bullish momentum that lifted the price of BTC to an intraday high at $50,514 began to wane as the day progressed at currently the price trades slightly above....
Ethereum extended rally and traded to a new all-time high above $4,800 against the US Dollar. ETH could continue to rise above $4,900 and $5,000 in the near term. Ethereum gained pace above the $4,650 and $4,750 resistance levels. The price is now trading above $4,750 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $4,780 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend its rally above the $4,850 resistance in the near term. Ethereum Price Aims More Upsides Ethereum started a fresh increase above the $4,550....
Bitcoin price started a fresh rally above $67,000 against the US Dollar. BTC could accelerate higher and it might even test the $70,000 level. Bitcoin started a fresh increase above the $65,500 and $67,500 resistance levels. The price is now trading above $67,000 and the 100 hourly simple moving average. There is a major bullish trend line forming with support near $65,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could accelerate further higher towards the $70,000 and $72,000 levels. Bitcoin Price Extends Rally Bitcoin price remained stable above the....
Litecoin has posted impressive gains of over 5% during the weekend and crossed crucial technical resistance levels. I never expected bears to lose control of the situation but now that they have, bulls are back into the driver's seat and look steady to take the price to higher grounds. Litecoin is currently trading at $1.760, below the base of the previous consolidation zone. Technical analysis of the 240-minute LTC-USD price chart explains that the cryptocurrency may well be on its way up, but the market participants should take note of the below mentioned price levels. Litecoin Chart....