Bitcoin Makes Another Attempt At $28,000, Can Break Happen?
Bitcoin is currently trying to have another go at the $28,000 level. Here’s what on-chain data says regarding whether a retest can be successful. Bitcoin On-Chain Signals Are Not All Positive Right Now In a new post on X, the on-chain analytics firm Santiment has looked into a couple of on-chain indicators that may provide some hints about whether BTC can sustain any bullish momentum currently or not. The first metric of relevance is the “supply on exchanges,” which keeps track of the percentage of the total Bitcoin supply that’s currently sitting in the wallets of....
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Bitcoin price is struggling to hold the ground and if buyers fail to prevent a break on the daily chart, then more losses are likely. Bitcoin price was under a lot of bearish pressure throughout this past week, as it traded down. There was an attempt to trade and break the $400 handle, but sellers defended it successfully. The price traded as high as $391 where it stalled and started moving down. Looking at the higher time frame chart, there is a critical bullish trend line formed on the daily chart (data feed from HitBTC). I highlighted the same trend line this past week as well, and was....
Bitcoin price is slowly crawling higher with the rising channel still intact, but a downside break and reversal might be looming. The 100 SMA is below the 200 SMA for now so the path of least resistance might be to the downside. However, an upward crossover appears to be taking place to show a pickup in bullish strength. If so, bitcoin price could make a stronger attempt to rally towards the channel resistance. Stochastic is making its way down from the overbought level to show a return in bearish pressure. RSI is also heading south so bitcoin price might follow suit. In that case, price....
Bitcoin price is slowly recovering above $32,000 against the US Dollar. BTC is likely to face a strong selling interest near $33,500 and $34,000. Bitcoin seems to be consolidating above the $31,000 and $32,000 support levels. The price is currently just above $32,500 and the 100 hourly simple moving average. There was a break above […]
Bitcoin price is less than a few hundred dollars away from setting a new all-time high. The closer the top-ranked cryptocurrency gets to its former peak, the more bullish altcoins respond. One crypto analyst has shared a chart that shows what could happen to altcoins when Bitcoin finally does break its all-time high. Ripple, Ethereum, […]
Key Highlights. Dash price is resuming its downside bias and is making another attempt to breach the descending triangle support. RSI is on middle ground but is pointing down, indicating that there is downside potential. Stochastic just reached the oversold zone and is moving up, suggesting a return in buying momentum later on. A break below the triangle support could mean a selloff until the next floor at 0.0110 BTC. Dash price struggle continues, which could ignite a downside thrust if buyers fail to defend an important support at 0.0125BTC. There could still be a chance for support to....