TA: Bitcoin Losing Bullish Momentum, Why BTC Could Correct Lower
Bitcoin price is facing a strong resistance near the $27,300 area against the US Dollar. BTC could correct lower towards $26,000 or $25,500 in the near term. Bitcoin seems to be struggling to gain bullish momentum above the $27,300 barrier. The price is currently trading above the $26,500 support and the 100 hourly simple moving […]
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Ethereum started a steady increase above $3,050 against the US Dollar. ETH price could correct lower, but the bulls might remain active near $3,000 and $2,950. Ethereum extended its increase above the $3,100 and $3,150 levels. The price is now trading near $3,100 and near the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $3,150 on the hourly chart of ETH/USD (data feed via Kraken). The pair could correct lower towards $3,000 or even $2,950 in the near term. Ethereum Price Is Losing Pace Ethereum started a steady increase and settled....
Bitcoin price extended its recovery above the $36,000 zone against the US Dollar. BTC topped near $36,700 and it is now correcting gains. Bitcoin started a fresh increase above the $35,000 and $36,000 resistance levels. The price is now trading nicely above $35,000 and the 100 hourly simple moving average. There is a major bullish […]
Bitcoin price recently corrected once against the US Dollar, but it looks like the BTC/USD pair may correct further towards the $680 level. Key Points. Bitcoin price after trading as high as $758 started correcting lower against the US Dollar. Recently, there was a break below a bullish trend line formed on the 4-hours chart (data feed from SimpleFX) of BTC/USD. The price is also below the 100 simple moving average, calling for further correction waves. Bitcoin Price Resistance. BTC price gained recently to trade as high as $758 against the US Dollar where it found sellers and moved down.....
Ethereum started a steady increase and climbed above $580 against the US Dollar, similar to bitcoin. ETH price is consolidating gains and it could correct lower in the short-term. Ethereum gained bullish momentum above the $565 and $575 levels. The price is now trading above the $580 pivot zone and the 100 hourly simple moving […]
Ethereum is facing resistance near the $1,350 level against the US Dollar. ETH price could continue to move lower towards $1,200 or $1,180 unless it settles above $1,350. Ethereum is struggling to gain momentum above $1,350 and $1,375. The price is now trading well below $1,350 and the 100 hourly simple moving average. There is […]