Bitcoin Price Still Consolidates, What Could Trigger A Nasty Drop
Bitcoin price is struggling to climb higher above $19,200 against the US Dollar. BTC could start a major decline if it breaks the $18,900 and $18,500 support levels. Bitcoin failed to gain pace and remained in a bearish zone below $19,500. The price is trading below $19,400 and the 100 hourly simple moving average. There is a short-term breakout pattern forming with resistance near $19,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a steady recovery if there is a clear move above $19,200 and then $19,500. Bitcoin Price Continues To Struggle....
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The Bitcoin price is lingering just under $19,000 at the time of writing, not far from the local low of $18,300. When the Consumer Price Index (CPI) and Producer Price Index (PPI) data was released last week, the BTC price plunged to just that price level. Unexpectedly for many, a very quick rebound happened, catching shorters off guard. With November 02 – when the FED meets again – in mind, the Bitcoin price doesn’t have much room to fall below that level at the moment. Moreover, a look at the on-chain suggests another crash is possible in the short term, although there....
A couple months ago I saw a new physical Bitcoin being offered that had a unique and interesting concept behind it. It's the Nasty Fans Seat coin. As you know from my previous article on the MicroSoul coin, I am a fan of physical Bitcoins especially those that break the mold. This led me to look into what Nasty Mining was all about. What I found, was a solid foundation and set of supporters, Nasty Fans who are more like partners in Nasty Mining. Nasty Mining is the project of OgNasty one of the most trusted members of the Bitcoin community. Not only does he run Nasty Mining he has a fan....
Bitcoin price climbed above the $38,000 resistance against the US Dollar, but it failed near $39,500. BTC is correcting lower and it might dive if it breaks the $37,000 support. Bitcoin failed to gain momentum for a break above $39,500 and $40,000. The price is currently trading above $37,000 and the 100 hourly simple moving […]
Ethereum restarted its decline after it failed to stay above $2,000 against the US Dollar. ETH price is holding the $1,880 support, but it must clear $2,000 for a decent increase. Ethereum started a fresh decline and it once again tested the $1,880 support zone. The price is still trading well below the $2,000 resistance […]
Bitcoin price is consolidating below the $46,000 zone against the US Dollar. BTC could start a major decline if it breaks the $44,200 support zone in the near term. Bitcoin is facing a major resistance near $46,000 and $46,200 levels. The price is now trading well below $46,000 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $46,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a major decline if it fails to clear the $46,000 resistance zone. Bitcoin Price Consolidates Bitcoin price failed to....