Bitcoin, Ethereum Technical Analysis: Market Volatility Remains High, as BTC ...
Volatility in cryptocurrency markets remained high on Thursday, as markets began to consolidate following a recent red wave. Bitcoin was back above $19,000 in today’s session, with ethereum also rebounding following recent losses. As of writing, the global crypto market cap is up 2.43% Bitcoin Bitcoin (BTC) was trading higher on Thursday, as crypto markets marginally rebounded following yesterday’s sell-off. The token rose to an intraday high of $19,688.34 earlier in today’s session, less than a day after trading at a low of $18,927.12. Volatility in bitcoin has been....
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After a turbulent summer, the “Crypto Winter” has begun, as volatility in the market remains rife, with prices of tokens fluctuating on a daily basis.
Recent moves have seen bitcoin (BTC) move below $20,000, with ethereum (ETH) dropping under $1,200 as market sentiment has shifted.
This shift has come as a result of the rise in consumer prices, with global inflation currently tracking at its highest level in several decades.
Central banks have moved to tackle the crisis by increasing interest rates, which has then impacted investors, and their....
There is a popular saying in the stock market: “Sell in May and Go away.” It's not May yet, but I think its best to sell Dogecoin now and go away for some time. The bulls are getting mauled up by the bears amid high volatility, and this has increased the probability that the cryptocurrency may see lower levels going ahead. Dogecoin remains unchanged on a daily basis, trading at 48 satoshis. A technical look at the 240-minute Dogecoin/Bitcoin price chart confirms the bearish undertone. Dogecoin Chart Structure - In my previous analysis, I had advised that Dogecoin is a seller's play and any....
Ethereum continues to trade close to its support level of $3,000 on Good Friday, as some financial markets were closed for the holiday weekend. Volatility has slightly eased as a result, with BTC also hovering near its floor around $40,000 during today’s session. Bitcoin Bitcoin was trading lower during Friday’s session, as volatility in crypto markets somewhat eased as a result of the Easter break. Following a high of $41,245.49 on Thursday, BTC/USD is down by 2%, dropping to a low of $39,695.74 in the process. Today’s drop pushed prices closer to the long-term floor....
Ethereum is trading very flat in a dull session as bitcoin remains undecided about the future direction. Currently at 0.00191BTC, Ethereum is in a no trade zone as discussed in the previous technical analysis. Sole Positive – The technical indicators are, however, rebounding from the respective oversold levels. I would like to discuss the resistance and support levels for Ethereum now. To serve this purpose, I will be using the 4-h ETH-XBT pair. Chart Structure – The pair has been registering lower tops and lower bottoms for the past 10 trading sessions. Connecting the two highs in this....
Ethereum rallied to a fresh three-week high to start Saturday’s session, however gains eased as the day progressed. The token continues to trade above $1,700, as market sentiment remains bullish. Bitcoin experienced a similar day, with the token slowly losing steam, after a failed breakout of a key resistance level. Bitcoin Bitcoin (BTC) continued to trade above $21,000 on Saturday, however yesterday’s bullish momentum had marginally faded. BTC/USD rose to a high of $21,613.86 earlier in today’s session, however prices then fell to an intraday low of $20,651.06. The....