Bitcoin To Retain Bullish Bias If Price Holds Above $114K — Here’s Why
After an impressive start to the third quarter, the price of Bitcoin has struggled to replicate its bullish form from July in the last two months. With less than two weeks to go, the flagship cryptocurrency has shown signs of mounting any real, sustained run to new highs. However, the market seems to be drawing […]
Related News
Bitcoin found support at 216 this week and after a 3-point bullish divergence, it started to rally. The 1H chart shows the higher highs and higher lows made since the April 15th session. Note that price crossed above the 100-hour and 50-hour simple moving averages (SMAs). This reflects a loss of some bearish bias, but by no means is an indication of a bullish reversal. The 1H RSI tagged 70 which reflects initiation of some near-term bullish momentum. Bitcoin (BTCUSD) 1H Chart April 17. Now, as bitcoin continues this week's bullish correction, it will meet a key level around 232. This is....
It’s been a crazy ride for Bitcoin over the past several days as it slid below the $110K mark. The good news, though, is that the world’s most valuable cryptocurrency has recovered and is currently trading at $114K. Overall, the market promises to end September on a positive note, with CoinMarketCap’s Fear and Greed Index […]
Ethereum price looks like made a minor top above $10.00. If the current price acting is true, then a break of 100 SMA may ignite a larger correction. Ethereum price ETH struggled to retain the bullish bias, and started to correct lower against the US Dollar. There was a drop below the $9.00 level, but the price quickly recovered. The 100 hourly simple moving average is acting as a support for ETH/USD as of writing, and may play a major role for the next move in the near term. If the bulls fail to protect the 100 SMA support area, then a close below it could call for a larger correction in....
Yesterday afternoon (European session close) we published an article highlighting the bullish bias we held in BTCUSD, and outlining a target of 239 flat. Throughout the US afternoon, and as markets closed for the evening, price reached this target. Having hit highs just ahead of 240, the bitcoin price corrected a few dollars, and now trades around 238.15. With this said, what are the levels to keep an eye on as we head into the European morning session on an intraday basis? Here is what you need to know. As the chart shows, we have got a couple of key levels of support to keep an eye on....
Late yesterday afternoon, shortly before the European session drew to a close (GMT) we published a piece highlighting the day's action in the bitcoin price, and offering up a number of key levels that we were looking to in order to gain some insight into a potential overnight bias. We suggested that a break of either in term support or resistance would offer up a bearish or bullish bias respectively, and noted the targets we would look to in the event of such a bias being signalled. This said, what I see happening overnight, and what are we looking at today? Take a quick look at the chart.....