TA: Bitcoin Consolidates Near Key Juncture, Can The Bulls Make It
Bitcoin is struggling near the $21,000 resistance zone against the US Dollar. BTC could rally if it clears the $20,900 and $21,000 resistance levels. Bitcoin is showing a few positive signs above the $20,000 support. The price is now still above the $20,000 level and the 100 hourly simple moving average. There is a connecting bullish trend line forming with support near $20,275 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh decline if it stays below the key $21,000 resistance zone. Bitcoin Price Eyes Upside Break Bitcoin price started an....
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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 […]
Solana is trading above the crucial $200 level after enduring days of extreme volatility and heavy selling pressure. Despite the uncertainty, Solana remains one of the strongest assets in the crypto market, sustaining its bullish momentum that has been in place since 2023. Investors and analysts are closely watching this key level, as maintaining support above $200 is essential to confirm further upside potential. Related Reading: Bitcoin Looks Stronger Compared To Altcoins – Demand Remains Strong As Price Consolidates In A Range Top analyst Jelle shared a technical analysis on X,....
Bitcoin trading has been tracing a price path of higher lows and lower highs for the past 4 months. The narrowing price action will eventually approach an apex. This report provides a forward view. We have been witnessing increasingly strange orderbooks and odd-lotter market behavior. Both buyers and sellers place buy orders below the rising trendline, but at the resistance ceiling the buyers lose conviction and the sellers regain dominance. The approaching juncture will force the bulls to become active buyers in the market, or else witness price drop irretrievably below rising support.....
Bitcoin has been facing some immense volatility throughout the past few days and weeks, with sellers stepping up and trying to invalidate the strength seen by the cryptocurrency as they hold it below the key $19,000 level. A sustained bout of trading below this level will certainly degrade its technical strength. Still, the intensity of […]
Bitcoin volatility earlier in this week reached some of the most explosive price action in the asset’s history. In just a four hour window, the cryptocurrency rose and fell more than $1,000 each way, gyrating back and forth as buyers and sellers attempt equilibrium. But after that powerful surge, indecision is showing through a reduction […]