Bitcoin Price At Make-Or-Break Moment, Key Levels To Watch
Bitcoin price is still struggling below the $65,000 resistance zone. BTC must stay above the $60,000 support zone to avoid a major decline. Bitcoin is still struggling to gain pace for a move above the $65,000 resistance zone. The price is trading below $63,000 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance at $62,650 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears the $63,000 resistance zone. Bitcoin Price Remains At Risk Bitcoin price failed to clear the $64,500....
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A little earlier on today we published our twice-daily bitcoin price watch piece, highlighting the levels we were looking at in the bitcoin price and suggesting how we might react to price reaching these levels as far as entering long or short positions was concerned. Now action has matured throughout the European session, and we are heading into the weekend, what will we be keeping an eye on, and the breaking of which levels will signal entry for us? Take a quick look at the chart. While we are primarily looking to the downside this week, and a break in this direction compounded this bias....
In this morning's bitcoin price watch piece, we highlighted the levels that we were looking to keep an eye on during the European session today. We hoped that based on the action we had seen throughout the Asian evening session on Monday, we might get a continuation to the upside and be able to enter on a break of in term resistance towards 250 flat. As it happened, we did get the break, but the momentum was unable to carry it through to our target. As a result, we are now looking at the same levels we had slated this morning as the ones to watch this evening. With this said, we are going....
Yesterday afternoon we saw the bitcoin price breakout of its intraday range (the parameters of which we highlighted in the mornings bitcoin price watch piece), and we published our analysis shortly before the markets closed in Europe offering up the levels we were keeping an eye on in the bitcoin price overnight and what the breaking of these levels would mean as far as our intraday positions were concerned. Now action has matured, we have a few new levels to watch. What are these levels, and how might we enter a position in the BTCUSD today? Take a quick look at the chart. As you can see,....
Shortly before markets closed in the UK yesterday evening, we published our twice-daily bitcoin price technical analysis piece. The piece focused on the levels that we had slated throughout the day as our ones to watch, and suggested that if we saw a break of any of these levels, or a bounce from any of them, we would enter a position accordingly and ride it to one of our targets. Action has now matured overnight, and we are heading into a fresh European session this morning. With this said, what are the levels we're keeping an eye on in the bitcoin price, and the reaching of what levels....
The XRP price is facing an extremely crucial juncture, which could become a make-or-break moment for the cryptocurrency. After the XRP token managed to rally almost 100% after the summary judgment in the case between Ripple Labs and the US Securities and Exchange Commission (SEC), there is almost nothing left of the gains just 43 days after the ruling, NewsBTC reported. However, this is far from the worst. The recent price decline has brought XRP to key support levels that must be held at all costs to avoid another deep fall. At the same time, there is hope due to the formation of an....