Bitcoin Price Confronts Major Technical Wall Around $107K, Momentum Starts to...
Bitcoin price is attempting to recover above $105,500. BTC could continue to move up if it clears the $107,000 resistance zone. Bitcoin started a decent recovery wave above the $105,000 support. The price is trading above $105,000 and the 100 hourly Simple moving average. There is a bullish trend line forming with support at $104,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move up if it settles above the $107,000 zone. Bitcoin Price Faces Key Resistance Bitcoin price managed to stay above the $102,000 support level and started a recovery....
Related News
XRP has surpassed $1 for the first time in 37 months as major cap altcoins are starting to follow Ethereum. The price of XRP has surpassed $1 on April 6 for the first time since March 2018, putting its market valuation at around $47 billion.Moreover, the fourth-largest cryptocurrency in the global market has broken out against the Bitcoin (BTC) pair, causing it to see significant technical momentum. XRP/BTC 1-month price chart (Bitstamp). Source: TradingView.comMostly a technical rally, not too much fundamentalsWhen XRP was hovering at around $0.75, cryptocurrency traders noted that XRP's....
A 2,800 BTC sell wall on Binance heightens the chance of a sell off and is keeping Bitcoin price trapped below $11K. According to Cole Garner, a well-respected on-chain analyst, there is a 2,800 BTC sell wall on Binance. With Bitcoin (BTC) price currently trading at $10,700, this is equivalent to a batch of sell orders worth $30 million on just one exchange.While it does not necessarily indicate that a market-wide pullback is imminent, it hints that a major rally remains unlikely. In the short term, BTC likely faces a low-volatility range between $10,500 and $11,000, two key support and....
Worldcoin – Sam Altman’s crypto-AI baby – surged unexpectedly over the past 48 hours, prompted by a major exchange listing and a bold new crypto treasury move. Is $WLD seeing a major breakthrough? Is the new momentum sustainable – and will it boost other promising AI tokens like $SUBBD? Let’s see! Worldcoin’s Momentum Accelerates with […]
In my previous analysis titled Wide Divergences, I had pointed out some eerie disconnects between the Bitcoin price action and the technical indications. It is highly possible that the price eased a little in order to properly reflect the underlying technical considerations. Bitcoin is currently trading down 1.32% at $275.99. However, I am very concerned about the incessant crash in the momentum reading, which is worsening by the day. A decline in the momentum value in flat trading cannot bode well for the long holders. Read below the technical observations of the daily BTC-USD price....
The Bitcoin price is on the edge of a major breakout, with momentum building as it approaches major resistance. According to a recent technical analysis, the next leg up could propel BTC toward $130,000; however, a few critical bullish confirmations are needed first. Bitcoin Price Set For New $131,000 ATH Target Crypto analyst Hov presented […]