Bitcoin, Ethereum Technical Analysis: ETH, BTC Both Near 2-Week Lows Followin...
BTC and ETH were once again lower during today’s trading session, as both were trading close to two-week lows. Bitcoin dropped below $43,000 for the first time since March 24, while ETH hit a bottom near $3,100 on Thursday. Bitcoin Bitcoin continued trading lower on Thursday, as the world’s largest cryptocurrency fell below $43,000 for the first time in over two weeks. Following a peak of $45,424.98 on Wednesday, BTC/USD fell to an intraday low of $42,899.91 during today’s session. This is the lowest level BTC has traded since March 24, and bitcoin has seen its price....
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Both ETH and BTC fell close to five-week lows to start the week, as losses in crypto markets extended on Monday. Following bearish pressure over the weekend, BTC started the week trading below $39,000, while ETH was under $2,900.
Bitcoin
Bitcoin started the week trading in the red for a fifth consecutive session, as prices dropped to multi-week lows.
Following a peak of $39,845.92 on Sunday, BTC/USD plunged to an intraday bottom of $38,338.38 earlier today.
This drop is the lowest level BTC has traded at since March 15, when price hit a bottom of....
Bitcoin was once again trading above $30,000, as markets were anticipating the release of May’s non-farm payrolls report. Whilst BTC was back in the green, ETH continued to trade lower, and as of writing is below $1,800.
Bitcoin
Following a drop in price on Thursday, BTC was back in the green on Friday, as traders were preparing for the release of the non-farm payrolls report.
After adding 428,000 jobs in April, markets are expecting 325,000 jobs to be added to the U.S. economy in May.
The speculation on what this number will mean for the market has....
Bitcoin was trading near a key support point on Monday as markets prepared for a big week of economic data. The headline release will be Wednesday’s U.S. inflation report, which is forecasted to come in at 8.1% for September, which is lower than August’s rate of 8.3%. Ethereum was also in the red, as the token slipped to a one-week low to start the week. Bitcoin Bitcoin started the week trading at a seven-day low, as markets prepared for a big week of economic data. BTC/USD slipped to a bottom of $19,162.31 on Monday, which saw prices drop below a key support point of....
Ethereum Price Key Highlights. The downtrend on ethereum price action appears to be slowing down, as bears don't seem to be too eager to take it down to new lows. After breaking below the earlier triangle consolidation pattern, ethereum price seems to be losing momentum and might be in for a short squeeze around the recent levels. Ethereum price might need to make a correction from its recent drop in order to draw more sellers to push for new lows. RSI Bullish Divergence. Technical indicators appear to be showing that a rally is about to take place, as RSI is reflecting downtrend....
Ethereum Price Key Highlights. Ethereum price just finished testing the downtrend line resistance visible on the 1-hour chart and is starting to gain additional momentum heading back south. The 50% Fibonacci retracement level held as resistance on the pullback, putting ethereum price back on track towards the previous lows at 0.00156BTC. Ethereum price is resuming its impulse wave on the ongoing downtrend, possibly gearing up to test the previous lows or establish new ones. New lows in sight? Technical indicators are reflecting a return in bearish pressure, which suggests that sellers....