Why The Bitcoin Price Could Be Building An Uptrend
The Bitcoin price is steadily trading above critical support levels and might extend its bullish trend in the coming days. The cryptocurrency positively reacted to the current macroeconomic conditions despite the U.S. Federal Reserve (Fed) promising to keep hiking interest rates. Related Reading: Holding FTT And BNB? It Might Be Time For You To Get Out At the time of writing, the Bitcoin price trades at $20,700 with a 3% loss over today’s trading session and sideways movement over the previous week. This period has been profitable for digital assets against traditional assets, such....
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Several Ethereum key metrics are witnessing a positive sentiment following a renewed upward momentum in the digital asset’s price. Favorable macroeconomic and market conditions are believed to have bolstered the uptrend in ETH’s price and market dynamics, reflecting the potential for more price growth. Bullish Sentiment Building For Ethereum Amidst improving conditions, an encouraging trend […]
Key Highlights. Litecoin price after trading close to $9.00 found sellers that ignited a downside movement. The price managed to clear a major resistance area, which is likely to push the price higher. Litecoin price looks like completed a short-term correction, which could ignite an uptrend one more time. Litecoin price failed horribly around $9, which caused a heavy downside reaction. The price trimmed more than 40% gains to trade as low as $3.24. Buyers somehow managed to hold the downside around the stated area. Break higher? There is a bearish trend line formed on the 4-hours chart,....
Litecoin Price Key Highlights. Litecoin price has been gradually trending higher against the U. S. dollar, mostly due to the latter's selloff in recent trading sessions. Price is currently testing the bottom of the ascending channel visible on its short-term time frame and might be due for a bounce. Litecoin price is on a steady uptrend these days and could be in for a much stronger bounce, as it is testing the rising channel support. Bullish divergence forming. Litecoin price has been forming higher lows while technical indicators drew lower lows, creating bullish divergence for both RSI....
An altcoin called Filecoin has just escalated its ranks after logging a gravity-defying price rally that beats even its top rival Bitcoin's uptrend.
Bitcoin price is back under $57,000 after losing an important trend line that has supported the cryptocurrency’s now historic uptrend. The critical uptrend line began just after the leading cryptocurrency by market cap cracked back above $20,000 for the first time, and it never looked back since. Losing such a line, however, could lead to the first extended return to prices previously traded at, requiring a stronger bounce before the Bitcoin bull run resumes. Bitcoin […]