TA: Bitcoin Regains Strength, Why BTC Could Retest $28K

Bitcoin price is up over 3% and it gained strength from the $13,000 support against the US Dollar. BTC is now facing a heavy resistance near the $13,650 and $13,700 levels. Bitcoin remained well bid above the $13,000 level and it started a fresh increase. The price broke the $13,500 resistance and settled above the […]

Earlier today, in the first of our twice-daily Bitcoin price watch pieces, we documented the breakout above $400 we saw last night. Traditionally, strong psychological levels (such $100, $200, $500, $1,000 etc.) will initiate the kind of volatility we saw on the break, and when they are broken to the upside, will often retest as support. Conversely, but similarly, when a key level breaks to the downside, it will often retest as resistance. In this instance, however, we've not seen this retest. Price has stayed buoyant despite the inevitable run of profit taking, and this suggests there is....

Ethereum started a fresh increase after the bulls defended $1,700 against the US Dollar. ETH price is likely to continue higher above the main $2,000 resistance. Ethereum is showing positive signs above the $1,850 and $1,900 resistance levels. The price is now well above $1,900 and the 100 hourly simple moving average. There was a […]

Ethereum spent the summer months easily outperforming Bitcoin, but that trend reversed as soon as the fall months hit. The change in tune towards the DeFi trend helped take the second-ranked cryptocurrency down to retest resistance turned support. The bullish retest has since held, and it could take the altcoin back to retest highs on […]

Bitcoin price formed a strong support base above $26,000 and started a fresh increase against the US Dollar. BTC is gaining momentum and it is likely to break $28,000 and $28,400. Bitcoin is showing a lot of positive signs above the $27,000 and $27,300 resistance levels. The price is currently trading above the $27,500 support […]