TA: Bitcoin Faces Hurdles, Why BTC Could Correct In Short-Term

Bitcoin price is currently facing resistance near $58,250 and $58,500 against the US Dollar. BTC could dip in the short-term, but the bulls are likely to remain active near $57,000. Bitcoin recovered above $57,500, but it is facing resistance near $58,250. The price is still trading well below $58,500 and the 100 hourly simple moving […]

Ethereum tested the key $1,265 support zone against the US Dollar. ETH might correct higher, but upsides could face hurdles near $1,300 and $1,310. Ethereum remains in a bearish zone below the $1,350 and $1,320 support levels. The price is now trading below $1,300 and the 100 hourly simple moving average. There was a break above a connecting bearish trend line with resistance near $1,285 on the hourly chart of ETH/USD (data feed via Kraken). The pair remains at a risk of a sharp decline if it stays below the $1,300 pivot level. Ethereum Price Faces Hurdles Ethereum gained bearish pace and....

Bitcoin price is attempting an upside break above the $26,200 resistance. BTC must clear $26,200 and $26,500 to start a decent recovery wave. Bitcoin is still struggling to clear the $26,500 resistance zone. The price is trading above $26,000 and the 100 hourly Simple moving average. There was a break above a short-term bearish trend line with resistance near $26,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could attempt a fresh increase if it clears $26,200 and $26,500. Bitcoin Price Faces Hurdles Bitcoin price started a short-term upward move from the....

Ethereum price started a recovery wave from the $1,750 zone. ETH is now consolidating and facing hurdles near the $1,920 resistance. Ethereum started a recovery wave above the $1,850 level. The price is trading below $1,950 and the 100-hourly Simple Moving Average. There is a short-term bearish trend line forming with resistance at $1,920 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $1,920 and $1,950 resistance levels to start a decent increase. Ethereum Price Faces Hurdles Ethereum price formed a base above the $1,750 level and started a recovery wave,....

Ethereum price made an attempt to recover some ground against the USD and BTC, but faced a lot of hurdles on the upside. Key Highlights. ETH price started a minor correction against the US Dollar, but facing sellers near $7.75-80. There is a tiny bullish trend line formed on the hourly chart (data feed via SimpleFX) of ETH/USD, which is currently holding the downside. A break below the trend line support may call for more losses in the short term. Ethereum Price Resistance. There was a downside move in ETH price ve.rsus the US Dollar this past week, taking the price towards $7.34. Later,....