TA: Bitcoin Consolidates Above $46K, Why BTC Could Continue Higher
Bitcoin price started a downside correction after trading to a new all-time high near $48,308 against the US Dollar. BTC is now consolidating gains and it is likely to continue higher above $47,000. Bitcoin traded to a new all-time high at $48,308 before correcting lower. The price is now well above $45,500 and the 100 […]
Related News
XRP has surged 10% higher in the past 24 hours as Bitcoin has begun to consolidate in the mid-$19,000s. The crypto market saw a strong surge higher seemingly as a result of new institutional inflows, which were previously absent as a result of the Thanksgiving holiday weekend. BTC is up around 6% in the past […]
Ethereum tested the $3,380 zone before it corrected lower against the US Dollar. ETH price is still trading above $3,300 and it might attempt another upside break. Ethereum started a fresh increase above the $3,300 and $3,320 resistance levels. The price is now trading above $3,250 and the 100 hourly simple moving average. There is a key bullish flag forming with resistance near $3,340 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue higher if there is a clear break above $3,340 and $3,350. Ethereum Price Consolidates Gains Ethereum settled above the $3,300....
Bitcoin price surges higher but remains within the area of the recent correction. Technical analysis looks at levels and confirmation of advance. Price has surged higher from its 1-hour 20-period moving average (20MA). Although this could very well be the start of the next wave of advance toward upside targets at $600 and $680, there are two concerns that warrant caution: 1) The small parabolic wave of the past few hours typically characterizes the ending of a surging move. 2) Price has not yet left the area of recent correction (blue rectangle). Given the above, price may continue....
Bitcoin has surged higher once again as buyers continue to rush in. The coin just hit a new year-to-date high of $13,650. The cryptocurrency is expected to move higher as Bitcoin has moved above a pivotal technical pattern on a macro scale. It also brings the cryptocurrency above the $12,000 resistance. Bitcoin Undergoes Pivotal Breakout Bitcoin has surged higher once again as buyers continue to rush in. The leading cryptocurrency has just hit a new […]
Bitcoin has seen some mixed price action as of late, with bulls and bears largely reaching an impasse as the cryptocurrency consolidates Where it trends next will undoubtedly depend largely on whether or not bulls can break the ongoing consolidation phase and spark a move higher This will likely only come about if BTC can […]