Bitcoin’s Bullish Case Hinges On $94,645 Support: Will Buyers Step In?
The Bitcoin market continued to struggle in February marked by a high level of investor uncertainty. Over the last trading week, BTC declined by 2.24%, bringing its total value loss over the past 30 days to around 8.59%. Amidst this indecisive market, digital asset analysis X page More Crypto Online has shared some valuable insights on potential short-term price movements. Related Reading: Bitcoin 4-Year CAGR Drops To 14.45% But Still Outshines Gold, Stocks – Details Bitcoin Fails To Move Above Feb. 14 High — Market Bulls In Trouble? In an X post on February 21, More Crypto Online provided....
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Ethereum price weakened this past week versus the US dollar, and currently waiting for ETH/USD buyers to step in for a recovery. Key Highlights. Ethereum price traded lower against the US Dollar this past week, but remained above a major support. There is a crucial bullish trend line formed on the 4-hours chart of ETH/USD (data feed via SimpleFX), which is acting as a support area. As long as the price is above the trend line support, there is a chance of an upside move. Ethereum Price Correction. Ethereum price ETH was seen struggling throughout this past week against the US Dollar and....
Bitcoin attempt to sustain momentum above the highly anticipated $100,000 mark has faced stiff resistance, leading to a sharp pullback. Its rejection at this psychological level has fueled bearish pressure, pushing BTC into a corrective phase as sellers take control. Now, all attention turns to key support zones that could determine whether Bitcoin stabilizes or extends its decline. BTC might see a strong rebound if buyers step in at critical support levels, reigniting bullish momentum. However, a failure to hold above these zones may open the door for further downside, potentially testing....
Bitcoin price is on a tear but is pausing in a bullish consolidation pattern before heading further north. Bitcoin Price Key Highlights. Bitcoin price recently established strong upside momentum after breaking above a short-term ascending channel. Price is consolidating from here as buyers are waiting for more bulls to join. An upside breakout or a major pullback could offer opportunities to hop in the ongoing climb. Technical Indicators Signals. The 100 SMA is above the longer-term 200 SMA so the path of least resistance is to the upside. In addition, the gap between the moving averages....
Bitcoin price could be due for a test of the ascending channel resistance visible on its 1-hour time frame. Bitcoin Price Key Highlights. Bitcoin price recently sold off but found support around the $650 area as predicted in an earlier article. This was in line with the 200 SMA, which held as a dynamic support level. Bullish pressure seems to be building up again as an ascending channel is forming. Technical Indicators Signals. Bitcoin price made a quick spike on its test of the channel support, indicating that buyers are putting up a fight and ready to push price back up to the top of the....
Key Highlights. Dash price failed to break a critical support area at 0.0116BTC and traded back higher. There was no way for sellers to take the price lower, and as a result there was an upside reaction. A solid bullish bar is formed on the hourly chart, which has the potential to take the price higher. Dash price was rejected around 0.0116BTC on a number of occasions, which resulted in a spike higher. Consolidation Phase. We highlighted the importance of 0.0116BTC support area that helped buyers time and again. There was a rejection noted Intraday around the mentioned support area, and....