Bitcoin price charts hint at another drop after failing to break $52K
Bitcoin has failed to break above $52,000, which suggests more downside is possible in the short term. Bitcoin (BTC) has halted its bull run in the past few weeks as the price has corrected from an all-time high of $58,000 to around $43,000. Several arguments were found for the pullback, including a sell-off from miners and whales. The other primary reason for the correction is the sudden surge of yields across the world.Downtrend remains intact since $58,000BTC/USD 2-hour chart. Source: TradingViewThe 2-hour chart for Bitcoin shows a clear downtrend since the peak high in February at....
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Key Highlights. Dogecoin's price traded a few points higher and is currently trading near a major resistance area on the 30-min chart (data feed from HitBTC). There is a hint of a break above a bearish trend line on the 30-min chart, which can take the price higher. Looking at the hourly chart (data feed from CEX. IO), there lies a major confluence resistance zone at 31-32 satoshis. Dogecoin's price is still below a pivot area of 31-32 satoshis, but looking at the 30-min chart, there is a chance of a minor upside move. Can Buyers Capitalize? We have been following a major resistance area....
Ether price is struggling despite Bitcoin rising, which may embolden the bears to push the price down below $300 before another major rally can occur. The cryptocurrency market momentum has swung back to Bitcoin (BTC) recently as BTC dominance and trading volumes have been climbing along with its price. In that regard, the primary altcoin indicator, Ether (ETH), has not been doing well as ETH/BTC has dropped 30% in the last two months. Now, many crypto traders are asking when the altcoins will bottom out and start to rally again. Let's take a look at what the charts are showing. Ether....
Ethereum Price Key Highlights. Ethereum price had been on a downtrend but is now forming a reversal pattern, signaling that an uptrend might be in the cards. Price still has to test the neckline at the 0.00230 level and make an upside break before confirming the potential rally. Ethereum price seems to be exhausted from its recent selloff, creating a double bottom after failing to break below the 0.00180 area. Bitcoin Price Weakness. Ethereum price took advantage of the bitcoin selloff that took place during the FOMC statement, as the Fed's decision to hike interest rates spurred demand....