Bitcoin Price Upside Capped Again, $70K Proves Tough Ceiling
Bitcoin price started a decent increase above $68,000 but failed at $70,000. BTC is now consolidating and might aim for more gains above $69,200. Bitcoin started a fresh increase after it settled above the $67,500 support. The price is trading above $68,000 and the 100 hourly simple moving average. There was a break above a bearish trend line with resistance at $66,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might dip again if it trades below the $67,400 and $67,000 levels. Bitcoin Price Fails At $70,000 Bitcoin price managed to form a base above the....
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Bitcoin price broke above its narrow 4-day trading range. A strong resistance zone waits a few dollars above price. The corrective wave continued higher in a upside breakout during early Sunday in the US. The move is causing 4-hour RSI to reverse diverge to the February price high. This may cause a temporary pullback as the market re-attempts the resistance ceiling near $440 (Bitstamp). Low liquidity during weekend trade may see price reach the resistance ceiling (bright blue annotation) but the push would be too-far-too-soon and the resulting price spike may be retraced completely by....
Chainlink price has been trading in an upside channel over the past few trading sessions. The altcoin has managed to move past the $8 level, it is now eyeing the next important resistance mark. The technical outlook of the coin has turned positive as buying strength increased on the chart. Over the last 24 hours, the coin moved up the chart by 2% and in the past week, LINK logged 14.7% appreciation. Chainlink price also managed to revisit the $8.80 mark however, the coin has experienced tough resistance at that price mark. For Chainlink to move past the aforementioned price ceiling, buying....
Bitcoin price is enjoying upside momentum for now and might be on track towards testing the next ceiling at $1100. Bitcoin Price Key Highlights. Bitcoin price made a strong upside break from consolidation, signaling strong bullish momentum. Price continued its climb past the $1000 mark and could be aiming for the next resistance from here. Technical indicators are showing mixed signals so a pullback could be due before bitcoin price heads further north. Technical Indicators Signals. The 100 SMA is still below the longer-term 200 SMA on the 4-hour time frame so the path of least resistance....
Ethereum price after weakening started trading in a range. It looks like it is facing a tough resistance on the upside, which is stalling gains. Key Highlights. Ethereum price after a decline against the US Dollar started a consolidation below a major resistance area. There is a bearish trend line formed on the hourly chart (data feed via Kraken) of ETH/USD, which can be seen as a major barrier for an upside move. The price is below the 100 hourly simple moving average, which is also acting as a resistance zone. Ethereum Price Resistance. Ethereum price ETH after moving a few points below....
Bitcoin price crossed two important overhead resistance levels earlier today and the last 24 hours' advance has biased the charts to a bullish outlook at most timeframes. This analysis is provided by xbt.social with a 3-hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis. Time of analysis: 14h30 UTC. BTCC 4-Hour Chart. From the analysis pages of xbt.social, earlier today: All of the timeframes are bullish after the past day's rapid advance. The trendline (purple) that has capped several attempts at advance....