TA: Bitcoin Overcomes Hurdles, Why BTC Could Regain Momentum
Bitcoin extended decline and tested the $38,200 zone against the US Dollar. BTC started a major recovery wave and climbed above the $40,000 resistance. Bitcoin extended decline, but it remained stable above the $38,000 level. The price is now back above below $40,000 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $39,550 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is eyeing more upsides above the $40,500 and $40,950 resistance levels. Bitcoin Price Recovers Sharply Bitcoin price remained in a....
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Uniswap is not looking good right now. UNI, the governance token of the decentralized exchange platform bearing the same name, must be able to muster enough energy to regain momentum and hit its target. Uniswap’s key support levels are $5.7 and $5.2 UNI price can go as high as $7, with a push for $8 also highly possible An extended bearish run is still possible if breakdown below support marker occurs According to tracking from Coingecko, at press time, the cryptocurrency is trading at $6.20 and is currently down on intraday, weekly and monthly periods. Over the last 24 hours, Uniswap....
Ethereum price ETH popped a few points higher versus the USD, but failed once again to sustain momentum, and traded lower. Key Highlights. ETH price remained under pressure against the US Dollar, as buyers failed to gain momentum. There are a couple of important bearish trend lines formed on the hourly chart (data feed via SimpleFX) of ETH/USD, which are preventing gains. It looks like buyers are finding it really hard to take the price higher, but sooner or later they will. Ethereum Price Hurdles. Ethereum price ETH struggled to move higher against the US Dollar continued. The ETH bulls....
A new report from post-trade services firm Euroclear on distributed ledger technology details various aspects of the blockchain and its innovative technology. It goes without saying distributed ledgers can be useful to various aspects of life, but there are certain hurdles to overcome before this can become a reality. In the end, it all comes down to....
Bitcoin struggles to regain momentum despite the dollar falling to a seven-week low. The price of Bitcoin (BTC) was struggling to stay above $56,000 on April 20, which whale clusters pinpointed as a crucial short-term price level.Yet, the U.S. dollar index (DXY) has continued to fall in recent weeks, dropping to its lowest point in seven weeks to 90.85.Bitcoin (blue) vs. DXY (orange) Source: TradingViewWhy is this a concerning trend?Alternative stores of value in the likes of Bitcoin and gold are priced against the U.S. dollar. Hence, when the dollar drops, the value of Bitcoin should....
One of India’s top crypto prospects, the GARI Network, is enduring a rough ride at the moment as it struggles to regain momentum after an epic crash in value. Earlier this month the GARI token was plodding along nicely, mirroring a wider crypto market that’s consistently been moving sideways in recent weeks. That was until […]