Bitcoin Price May Rally If Buyers Jump Above This Hurdle
Bitcoin price is back to struggling below the $20,000 price level. The coin over the last 24 hours has barely depicted any movement. In the last week, Bitcoin price fell by 1.7%. Overall, the king coin has been consolidating at this price mark over the last week now. The technical outlook of Bitcoin has remained negative as the charts have not been favouring bulls. Broader market weakness has been prevailing for almost a few months now. Sellers have become more active in the past week. Bitcoin at the moment has been trading at a 71% low as compared to its all-time high which happened a....
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Ethereum price has started a recovery against the US dollar, but it faces a major resistance on the upside, making buyers nervous. Key Highlights. Ethereum price started a recovery against the US Dollar, and found support just above $9.00. There is a monster bearish trend line formed on the daily chart of ETH/USD (data feed via SimpleFX), which may act as a resistance. The 100-day simple moving average is also on the upside to act as a hurdle for the ETH buyers. Ethereum Price Upside Hurdle. ETH price after a crash towards the $9.20 level against the US Dollar found support, and started....
Key Highlights. Dash price rebounded sharply after sellers failed to clear 0.0109BTC on a couple of occasions. It settled above the 100 hourly simple moving average, which can be considered as a worrying sign for sellers. Dash buyers are facing an uphill task, as there is a monster resistance around 0.0120BTC. A solid reaction was noted around the recent lows in Dash at 0.0109BTC where buyers successfully defended the downside. 0.0120BTC as a Major Hurdle. The Dash price managed to pop higher after failing around 0.0109BTC. Buyers successfully pierced the 50% Fib retracement level of the....
Key Highlights. Dash recovered sharply after diving towards 0.0110BTC where buyers managed to protect further losses. There is a bearish trend line forming on the hourly chart of Dash, which may perhaps act as a hurdle for buyers. Dash is struggling around an important level at 0.0120BTC, which was a support earlier and now acting as a resistance for more gains. Can Buyers Clear 0.0120BTC? This past week we forecasted a downside reaction in Dash once the price went below 0.0120BTC. There was a sharp downside, which took it towards 0.0110BTC where somehow buyers managed to hold the....
Key Highlights. Potcoin price continued to trade lower, as there is a bearish trend line on the hourly chart acting as a hurdle. The price has a major resistance formed around 0.00000242BTC where buyers might struggle. The Potcoin price is below the 100 hourly simple moving average, which is a bearish sign. Potcoin price looks set for more declines, as the price is under the bearish pressure which may increase moving ahead. Importance of 100 MA. There was a downside reaction in the Potcoin price recently, which took it towards the 0.00000227BTC level. Somehow, buyers appeared around the....
Ethereum price recent recovery faced sellers, and it looks like the ETH/USD pair is facing a major hurdle on the way up towards $8.00-20 Key Highlights. Ethereum price after correcting towards $8.80 against the US Dollar found resistance and traded lower. There is a crucial bearish trend line formed on the daily chart of ETH/USD (data feed via SimpleFX), which is acting as a hurdle for more upsides. As long as the price is below it, there is a risk of more declines in the near term. Ethereum Price Resistance. It looks like it won’t be an easy task for Ethereum price to remain in control....