Bitcoin Price Holds Steady After Drop—Is a Rebound Coming?
Bitcoin price started a fresh decline below the $90,000 zone. BTC is back below $88,500 and might struggle to regain bullish momentum. Bitcoin started a fresh decline below the $92,000 zone. The price is trading below $90,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $91,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another decline if it fails to stay above the $85,000 zone. Bitcoin Price Faces Resistance Bitcoin price started a fresh decline from the $95,000 resistance level.....
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Many cryptocurrencies have seen their bull market gains wiped out since the start of 2022 and Ethereum has not been left out. However, investors in the digital asset have fared better than most given how many of them still remain in profit. Data shows that the gainers in Ethereum are still holding steady as half […]
Bitcoin’s market is currently deciding on the fate of the future medium-term trend. The choice will probably be made soon. Which direction will Bitcoin choose? The price is currently fortifying at the medium-term resistance, which indicates that the bulls are holding the advantage. If this continues, the price will be likely to reach $445-50. The $423.5 price is the critical point for a rebound towards the upward trend which has started at $413. Large trading volumes have accumulated at that level, and it is profitable for the bulls because of that. Thus, that is a likely point for a turn.....
Bitcoin price is rampant in its gains as it continues to push ahead, stepping up a gear since the turn of the year. At the time of publishing, bitcoin is trading at $1,139.9 on the Bitstamp Price index (BPI) and is closing in on the all-time high of $1163, a figure scaled on November 29, 2013. Bitcoin price is closing in on its all-time high. Over the last 24 hours, bitcoin price has made gains of over $110 reaching a high of $1,129.90 on the BPI today. The newest rally began in the late hours on Tuesday night (UTC), as price chalked $1,022.99 at 23:00 last night. An hour later, price....
Just as we discussed in the previous Bitcoin price technical analysis that the US Federal Reserve raising the interest rates will put pressure on the BTC-USD pair, the inaction on part of the central bank has buoyed the pair. BTC/USD is currently trading up roughly 2 percent at $232.72. The US Fed has decided to hold rates steady citing global economy worries. Fed Chair Janet Yellen said developments in a tightly linked global economy had in effect forced the U. S. central bank's hand. The Fed Rebound - the rebound in Bitcoin price due to Fed - doesn't change the technical picture much but....
After making a low at 1.32 last week, litecoin has been in consolidation. The 1H chart shows the narrow consolidation range between 1.32 and 1.46. Litecoin (LTCUSD) 1H Chart April 20. Here are some observations from the 1H chart:1) The market has been relatively quiet over the weekend, but after price met with the 200-hour simple moving average (SMA), there was a bearish reaction. This shows that bears are in control. 2) The RSI shows a market in consolidation. It is now heading to 30, which could be a sign that the market is reviving the bearish momentum. If the RSI tags 30, and holds....