Bitcoin Price Rejected Again — Are Bears Gearing Up for a Pullback?
Bitcoin price is struggling to clear the $94,500 zone. BTC is consolidating gains and might correct some gains to test the $91,200 support zone. Bitcoin started a decent upward move above the $92,500 and $92,800 levels. The price is trading above $92,000 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at $93,100 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it clears the $94,500 zone. Bitcoin Price Faces Rejection Bitcoin price remained stable above the $88,800 level and....
Related News
Bitcoin’s price action has been rather lackluster as of late, with bulls and bears reaching an impasse following its surge up to the mid-$11,000 region. Each dip is met with significant buying pressure, while each push towards $11,600 is rapidly rejected by bears. This has created a consolidation channel between $11,300 and $11,600. Although neither […]
Rubycoin Price Technical Analysis. Rubycoin price is in the middle of a correction but it looks like the pullback is already over, as the 50% Fibonacci retracement level is holding as strong resistance. This retracement level lines up with a former support level, making it an area of interest and likely resistance. Rubycoin price has made a sharp selloff recently and might be done with its retracement from the move, allowing sellers to regain control. Spinning top at resistance? A spinning top reversal candlestick has formed on the latest pullback, hinting that price could turn a corner. A....
Rubycoin Price Key Highlights. Rubycoin price is still completing its corrective wave on the 4-hour time frame, as price is stalling around the 61.8% Fibonacci retracement level. A short-term double top pattern can be seen right on the resistance, indicating that the impulse wave might be ready to start. Rubycoin price is gearing up for another sharp drop to its previous lows after making a pullback on its selloff. Bears Waiting. Stochastic is pointing down, which means that selling momentum is in play, but bears might be holding out for more confirmation. A break below the double top....
The Bitcoin price has suffered a violent rejection after hitting the $110,000 level, showing a clear intention of the bears to keep the digital asset from hitting new all-time highs. So far, the rejections from $110,000 have been swift and have put the bears back in control. This has given credence to calls that the Bitcoin price will fall back below the psychological level of $100,000, something that could trigger another wave of declines in the crypto market. Bitcoin Rejection At $110,000 Part Of The Plan? The Bitcoin price rejection has no doubt triggered a wave of panic among....
Ethereum price got rejected from $2,000 despite showing strong bullish signs against Tether (USDT) ahead of “The Merge.” The price of Ethereum has struggled to regain its bullish momentum as this has created a mixed feeling between Ethereum bulls and bears. (Data from Binance) Related Reading: WATCH: Bitcoin Versus DXY And The Dangerous TD9 Setup | Daily TA August 30, 2022 Price Analysis Of ETH On The Four-Hourly (4H) Chart The price of ETH on the 4H chart has continued to look bullish, trying to hold above the support area at $1,500. ETH price trades below the 50 EMA on the 4H....