Why Bitcoin Could Correct Lower Below $60K In Near-Term
Bitcoin price started a downside correction from well above $64,000 against the US Dollar. BTC could extend its decline below the $60,000 support in the near term. Bitcoin failed to stay above $62,000 and extended its decline. The price is now trading below $62,000 and the 100 hourly simple moving average. There is a crucial bearish trend line forming with resistance near $62,300 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could extend decline below the $60,500 and $60,000 support levels. Bitcoin Price Remains At Risk Bitcoin price tried to clear the $64,000....
Related News
Bitcoin price is facing a strong resistance near the $27,300 area against the US Dollar. BTC could correct lower towards $26,000 or $25,500 in the near term. Bitcoin seems to be struggling to gain bullish momentum above the $27,300 barrier. The price is currently trading above the $26,500 support and the 100 hourly simple moving […]
Bitcoin price failed to stay above $50,000 and corrected lower against the US Dollar. BTC could correct lower towards the $48,250 support in the near term. Bitcoin tested the $50,500 resistance level before correcting lower. The price is now trading near $49,000 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $49,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could correct lower towards $48,250 or even $47,300 in the near term. Bitcoin Price Corrects Lower Bitcoin price traded above the $50,000....
Bitcoin price is facing a strong resistance above $46,500 against the US Dollar. BTC is slowly correcting lower and it might test the $44,500 support zone. Bitcoin made a few attempts to settle above $46,000, but it failed. The price is still trading above $45,000 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $45,450 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could correct lower towards $44,500 or even $44,000 in the near term. Bitcoin Price Could Correct Gains Bitcoin price traded as high as....
Dogecoin Price Key Highlights. Dogecoin price fell and cleared an important support area as anticipated in yesterday's analysis. The downside was stalled around 76.0 Satoshis, which can be seen as an intermediate support. 100 hourly MA might continue to act as a barrier for more gains moving ahead. There was a clear break noted in Dogecoin price, which has increased the chance of a move lower in the near term. 71.0 Satoshis as a Support. Yesterday, we highlighted that the possibility of a break lower is increasing, as the price struggled to move higher. The price did move lower Intraday,....
RubyCoin Price Key Highlights. Rubycoin price rocketed higher and traded above an important resistance of 0.000300BTC. The upside was strong as the price gained by more than 10% Intraday as forecasted. All our buy trades target hit, and it looks like the price might correct a bit lower in the short term. Rubycoin price rallied sharply and traded as high as 0.0003507BTC before starting to correct lower. Upside continuation? The Rubycoin continued to move higher, and climbed sharply during the past couple sessions. The upside was very strong, which resulted in a move closer to 0.000360BTC,....