The Bitcoin Retracement Rally And The Resistance Level That Could End It All
Bitcoin saw its price retrace after initially moving upwards and clearing the resistance at $80,000. Eventually, though, the price ended up hitting major resistance at $82,000 and falling back downward. Now, the Bitcoin price seems to be stuck in a sideways movement that threatens to be the end of the recovery. However, this might not be the end of the bullish trend that is being flagged on the chart. Why The Bitcoin Price Could Recover Quickly In a recent post, a pseudonymous crypto analyst who goes by HAMED_AZ highlighted three clear signals that could show that the bitcoin price is on....
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Ethereum extended rally and traded to a new all-time high above $4,800 against the US Dollar. ETH could continue to rise above $4,900 and $5,000 in the near term. Ethereum gained pace above the $4,650 and $4,750 resistance levels. The price is now trading above $4,750 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $4,780 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend its rally above the $4,850 resistance in the near term. Ethereum Price Aims More Upsides Ethereum started a fresh increase above the $4,550....