Bitcoin traders eye levels to hold as ‘decision time’ looms for BTC price
Levels immediately below the current $23,000 need to hold at the weekly close for Bitcoin bulls to breathe easy, commentators warn. Bitcoin (BTC) recovered above $23,000 into July 22 as attention increasingly focused on the upcoming weekly close.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC price needs to preserve at least $22,400Data from Cointelegraph Markets Pro and TradingView showed BTC/USD finding renewed strength after briefly dipping towards $22,000.The pair traded in a critical zone for bulls on the day, with the 50-day and 200-week moving averages (MAs) still yet....
Related News
The 2nd arc of the 3rd arc pair has stopped bitcoin price for three days now. The arc is being tested again as these words are being typed. The resistance line drawn in pink is also still holding, but continues to be tested several times a day for the past few days. My belief continues to be that the resistance will fail shortly, though there is always the possibility that the arc resistance will hold and force price lower. However, I tend to think that if that were going to happen it would have happened already. Buying strength seems strong. When/if the arc fails, as I expect, as you can....
Traders identify key support and resistance levels that Ethereum must hold as ETH price trades at levels not seen since July 2021. The crypto market experienced another day of pain on May 12 as the fallout from the Terra's LUNA and UST failure continues to ripple across the ecosystem.While the coverage for UST and its impact on Bitcoin (BTC) have been extensively covered over the past few days, the pullback has also had a significant impact on the price of Ether (ETH) as traders hastily exited the market. Data from Cointelegraph Markets Pro and TradingView shows that the past seven days of....
Following yesterday's European session in the bitcoin price, we reported our twice-daily interpretation of price action, and offered up the levels that we would be keeping an eye on in the BTCUSD as the US afternoon session took hold and bitcoin price action matured throughout the day. We are now about to kick off another day's trading in bitcoin, and action overnight has presenters with a couple of fresh key levels that our traders will be watching closely for bias inference this morning. This said, what did action tell about the likely short-term direction in the bitcoin price, and what....
Consensus says that $22,400 marks the start of possible bottom territory, but the downside targets technically extend all the way to $11,000. Bitcoin (BTC) is trading at its lowest since mid-December 2020 on June 13, but the bottom could be anywhere.As the weekend sell-off intensifies, BTC/USD has now broken below its realized price for the first time since March 2020, data from Cointelegraph Markets Pro and TradingView confirms.Bitcoin clings to realized priceAt around $23,400, realized price — the average price at which each BTC last moved — is acting as the first solid support so far on....
$46,000 is now the next level of interest for traders, while behind the scenes, Terra keeps buying BTC. Bitcoin (BTC) closed in on its highest level of the month on March 25 with traders hoping for an end to months of consolidation.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewTerra BTC stash nears $1 billionData from Cointelegraph Markets Pro and TradingView showed BTC/USD cementing recent gains to hit $44,698 on Bitstamp Friday. With that, the pair was under $1,000 away from cracking the monthly high around $45,330.For traders, the yearly open at $46,000 was now of....