TA: Why Bitcoin Could Start Fresh Increase and Revisit $50K
Bitcoin is consolidating below the $48,000 resistance against the US Dollar. BTC could start a fresh rally if it clears the $48,000 resistance zone. Bitcoin is stable above the $47,000 and $46,800 support levels. The price is trading above $46,500 and the 100 hourly simple moving average. There is a major breakout pattern forming with resistance near $47,700 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if it manages to clear the $48,000 resistance zone. Bitcoin Price Eyes Fresh Increase Bitcoin price started a minor downside....
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Bitcoin price started a fresh increase and it cleared the $58,250 resistance against the US Dollar. BTC is now showing positive signs and it might soon revisit $60,000. Bitcoin started a fresh increase above the $58,000 and $58,250 resistance levels. The price is now trading nicely above $58,250 and the 100 hourly simple moving average. […]
Bitcoin started a fresh increase above $57,000 against the US Dollar. BTC could extend recovery and it might revisit the $60,000 resistance in the near term. Bitcoin started a fresh increase above the $57,000 and $57,500 levels. The price is now trading above $57,000 and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $54,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must clear the $60,000 resistance to continue higher in the near term. Bitcoin Price is Back above 100 SMA Bitcoin price found support....
Ethereum started a downside correction from the $2,400 zone against the US Dollar. ETH price could start a fresh increase unless there is a clear break below $2,150. Ethereum failed to surpass $2,400 and it started a downside correction. The price is now trading just above $2,200 and the 100 hourly simple moving average. There […]
Bitcoin price corrected lower from the $38,000 resistance zone against the US Dollar. BTC is holding the 100 hourly SMA and it could start a fresh increase in the near term. Bitcoin is holding a couple of important supports near the $36,000 zone. The price is currently trading nicely above $36,000 and the 100 hourly […]
Ethereum started a fresh increase from the $2,750-2,780 support zone against the US Dollar. ETH price could revisit the main $3,150 resistance zone in the near term. Ethereum started a fresh increase above $3,000 after testing the $2,780 zone. The price is now trading above $3,000 and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $2,910 on the hourly chart of ETH/USD (data feed via Kraken). The pair could rise towards the main $3,150 and $3,165 resistance levels in the near term. Ethereum Price Gains Traction Ethereum remained....