Bitcoin price seeks higher low as trader forecasts $45K breakout within weeks
Bitcoin will need several attempts, but resistance should ultimately fall to bulls, but a healthy consolidation is also required, market participants explain. Bitcoin (BTC) traded steady on July 27 after a surge above $40,000 resulted in higher levels broadly holding.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewAll eyes on Bitcoin higher lowsData from Cointelegraph Markets Pro and TradingView showed BTC/USD hovering near $37,000, around 8.8% below the peak of Monday's gains.Its first trip above $40,000 in six weeks, Bitcoin price action is now attempting to consolidate and....
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After six weeks pacing between $30,000 and $36,000, BTC price is now hovering around $40,000 resistance once again in two days. Bitcoin’s (BTC) volatility made the headlines again after the original cryptocurrency briefly reclaimed its $40,000 mark before going back to $39,000 levels. Coming after a two-week-long bearish loom that started on July 15, this is the second time Bitcoin is trying to break $40,000 resistance in two days. Based on the data from Cointelegraph Markets Pro and TradingView, BTC witnessed a bull run for trading pair BTC/USD from 21 July that resulted in a spike of....
Chainlink has seen some mixed price action over the past few days and weeks, with sellers previously taking control of its price The cryptocurrency is now showing some signs of strength as the entire market begins to rebound and climb higher One trader believes that a move higher could be imminent in the near-term, with […]
Solana (SOL) develops bullish sentiments against tether (USDT), as the price of Solana (SOL) seeks to rise with an impending breakout above the current resistance. Bitcoin (BTC) gained significant strength after closing the weekly candle on a high note, with the price remaining above $21,700 for the first time in weeks. Most crypto assets, including Solana (SOL), have benefited from this, with the price aiming to break out. (Data from Binance) Related Reading: SEBA Bank To Include Ethereum Staking In Services Solana (SOL) Price Analysis On The Weekly Chart The price of SOL has struggled....
Ether price has surged past $730 in a strong overnight rally, breaking out against Bitcoin. The price of Ether (ETH) has surged past $730 for the first time since May 2018. Following ETH’s breakout, traders are becoming more optimistic in its short-term trajectory.There are two major factors behind ETH’s strong rally: a strong technical market structure and the CME Ethereum futures listing in January 2021.Ethereum continues to see the “higher high” patternIn technical analysis, the higher high pattern often indicates strong momentum because it shows every new peak is higher than the....
In last weeks post we concluded with the following statement: Friday Aug 1st started out as an impressive day yet sold off near the end. As a trader of the Fiat Financial Markets it would have been reasonable to pull the trigger and try and take advantage of the upward momentum, but keep in mind, the medium term trend is still down and the trader should have realized within a few days that the breakout back to US$625 is not imminent. Let us now take a look at the long-term view and see where we stand. Friday’s close will help guide us whether we can once again approach the 50% Fibonacci....