Bitcoin climbed higher nicely above $9,800, but it failed near $10,000 against the US Dollar. BTC price is currently declining, but it is likely to find support near $9,640 and $9,500.
Bitcoin price failed again to gain strength above the $10,000 resistance area against the US Dollar.
It is down more than $250, but there are still many supports on the downside near $9,650.
There is a major bullish trend line forming with support near $9,750 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could dip a few points, but it is likely to bounce back from $9,650 or $9,500.
Bitcoin Remains Supported
In the past few sessions, there was a steady increase in bitcoin price above the $9,650 and $9,800 levels against the US Dollar. BTC even traded above the $9,880 resistance and settled above the 100 hourly simple moving average.
Finally, the price tested the $10,000 resistance area, where the bears emerged. The bulls made two attempts to push the price above $10,020, but they failed. As a result, there was a sharp bearish reaction below the $9,880 and $9,800 levels.
Bitcoin declined more than $250 and it seems like it was rejected near the $10,000 area. The recent decline was such that the price spiked below $9,750 and the 100 hourly simple moving average.
However, the decline was protected by the $9,650 support area. The price is back above $9,700 and the 23.6% Fib retracement level of the recent decline from the $10,020 high to $9,599 low.
More importantly, there is a major bullish trend line forming with support near $9,750 on the hourly chart of the BTC/USD pair. The pair is now consolidating above the trend line, below which it could revisit the key $9,650 support area.
Bitcoin Price
The next major support is near the $9,500 level, where the bulls are likely to take a stand. Any further losses may perhaps lead the price back towards the $9,340 support area.
Another Increase?
As long as bitcoin is trading above $9,500, it could bounce back. An initial hurdle on the upside is near the $9,800 level. It represents the 50% Fib retracement level of the recent decline from the $10,020 high to $9,599 low.
If there is a clear break above $9,800, the bulls are likely to make another attempt to clear the $10,000 and $10,020 resistance levels.
Technical indicators:
Hourly MACD – The MACD is slowly gaining strength in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level, with a few bearish signs.
Major Support Levels – $9,650 followed by $9,500.
Major Resistance Levels – $9,800, $10,000 and $10,020. origin »
A dozen Bitcoin ETFs in the U.S. have attracted $6.2 billion in November, nearing a monthly inflow record as Bitcoin hovers near $100,000. Spot Bitcoin exchange-traded funds are on track for their strongest month yet, with $6.2 billion in inflows…
Bitcoin (BTC) touched lows near $58k as cryptocurrencies witnessed a sharp sell-off. 0DOG token tumbled amid Bitcoin’s losses. Bitcoin dived more than 6% in the past 24 hours to trade near $58,000.
Bitcoin price broke the key $25,350 support. BTC is now consolidating near $25,000 and remains at a risk of more downsides in the near term. Bitcoin traded below the $25,600 and $25,350 support levels.
Bitcoin (BTC/USD) continues to struggle around $17,000 since it traded sharply lower at the start of November amid the FTX implosion. The benchmark cryptocurrency is currently positioned near $16,826 on major crypto exchange Coinbase, having ticked down from intraday highs of $16,967.
Bitcoin surged nearly 10% and broke the $22,000 resistance zone against the US Dollar. BTC could correct lower, but the bulls might be active near $21,250. Bitcoin jumped and broke a major hurdle near the $22,000 zone.
Bitcoin struggled to gain momentum above $47,000 against the US Dollar. BTC started a fresh decline and dived to the $45,000 support zone. Bitcoin reacted to the downside after it formed a short-term top near $47,000.
Bitcoin is recovering losses and trading above $43,000 against the US Dollar. BTC must clear $43,800 to continue higher in the near term. Bitcoin found support near $41,600 and started a fresh upward move.
Bitcoin found support near $35,550 and started a fresh increase against the US Dollar. BTC must clear $38,000 for additional upsides in the near term. Bitcoin corrected lower but the bulls were active near the $35,550 zone.
Bitcoin price remained well bid above the $40,750 support against the US Dollar. BTC seems to be forming a bottom near $40,750 and it could start a strong rally. Bitcoin recovered above the $41,500 and $42,000 resistance levels.
Each time a halving occurs, Bitcoin sees a dramatic surge to a new all-time high, beyond many expectations. Bitcoin’s value sees regular pumps, followed by regular dumps until it eventually stabilizThe post Making sense of the path Bitcoin's price will take in the near future appeared first on AMBCrypto.
Bitcoin price struggled to recover above the $46,000 resistance against the US Dollar. BTC could continue lower below the $44,200 support zone in the near term. Bitcoin is facing a major resistance near the $45,500 and $46,000 levels.
Bitcoin price corrected lower from the $38,000 resistance zone against the US Dollar. BTC is holding the 100 hourly SMA and it could start a fresh increase in the near term. Bitcoin is holding a couple of important supports near the $36,000 zone.
Bitcoin price failed to continue higher towards $60,000 against the US Dollar. BTC declined sharply and tested the $54,500 support zone, where the bulls took a stand. Bitcoin failed to extend gains and it formed a short-term top near the $59,000 level.
Bitcoin price is facing a strong resistance near the $27,300 area against the US Dollar. BTC could correct lower towards $26,000 or $25,500 in the near term. Bitcoin seems to be struggling to gain bullish momentum above the $27,300 barrier.
Bitcoin price extended its decline towards the $17,650 level before correcting higher against the US Dollar. BTC is now facing hurdles near $18,600 (the previous key support). Bitcoin is facing hurdles near the previous support at $18,500 and $18,600.
Bitcoin is up 2% and it broke the $7,600 resistance area against the US Dollar. However, BTC price is likely to face a strong resistance near $8,000 in the near term. Bitcoin is showing signs of exhaustion above $7,500 and $7,600 against the US Dollar.
Bitcoin has been recording massive dips ever since Bitcoin hit its year-to-date highs on June 26. It has been a downward spiral for Bitcoin since, slumping by a massive 30% in only 6 days. Joe McCann, trader and Founder of Node Source, tweeted his thoughts on Bitcoin’s recent slump below the $10,000-level.
The market has begun the weekend strong. Starting in the late hours of Sunday, Bitcoin has made a bullish charge that has seen it break key resistance position. Bitcoin spent much of its day on Sunday barely holding on to the $8,000 position but as the day came to an end, a yet to be […]
The post Bitcoin (BTC) Surges By 10% To Near $9,000 appeared first on ZyCrypto.
Bitcoin, according to one economist, is the fastest and highest rising asset of all time, thanks in part to its speculative nature, near endless potential, and to the built-in difficulty adjustment that throws off supply and demand balance which in turn increases Bitcoin price.
Key Points Bitcoin price formed a support base near $6,110 and recovered higher against the US Dollar. There was a break above a connecting bearish trend line with resistance at $6,195 on the hourly chart of the BTC/USD pair (data feed from Kraken).
Key Points Bitcoin price declined sharply and broke an important support near $6,830 against the US Dollar. A crucial bearish trend line with current resistance at $7,000 acted as a hurdle on the hourly chart of the BTC/USD pair (data feed from Kraken).
Key Points Bitcoin cash price declined sharply and broke the $700 and $670 support levels against the US Dollar. Yesterday’s highlighted important bearish trend line prevented gains near $705 on the hourly chart of the BCH/USD pair (data feed from Kraken).
Key Points Bitcoin price declined to a fresh weekly low at $6,834 and later recovered against the US Dollar. There is a key connecting bearish trend line formed with resistance near $6,960 on the hourly chart of the BTC/USD pair (data feed from Kraken).
Key Points Bitcoin cash price recovered slightly, but it failed to move past $718 against the US Dollar. There is a new connecting bearish trend line forming with resistance at $708 on the hourly chart of the BCH/USD pair (data feed from Kraken).
Key Points Bitcoin cash price found support near the $684 level and started a recovery against the US Dollar. There was a break above a short-term bearish trend line with resistance at $705 on the hourly chart of the BCH/USD pair (data feed from Kraken).
Bitcoin will replace cash and card payments in the near future. This is a statement you’ve heard often. From its ease of use to the elimination of third-party payment processors, Bitcoin could be the ultimate payment method for the future.
This week has been extremely bearish for Bitcoin with losses on every day. We are currently on the seventh consecutive loss with a very bearish candle being priced in. There was a brief rise up near the $7500 mark, but strong resistance was met at the 100EMA.
Key Points Bitcoin price declined further and traded below the $7,500 support level against the US Dollar. There was a break below a declining channel with support at $7,365 on the hourly chart of the BTC/USD pair (data feed from Kraken).
Key Points Bitcoin cash price formed a low near the $735 level and recovered against the US Dollar. This week’s followed important bearish trend line with resistance at $800 is intact on the hourly chart of the BCH/USD pair (data feed from Kraken).
EOS is back trading near the $7 support level after failing to close above the long-term resistance at $9. Price action has multiple tests of both the $9 resistance and the $7 support with trading occurring mostly in this range since June.
Key Points Bitcoin price broke a significant support at $7,840 and declined towards $7,450 against the US Dollar. This week’s highlighted crucial bearish trend line played a key role near $8,260 on the hourly chart of the BTC/USD pair (data feed from Kraken).
Bitcoin has made the return back under the $8000 point and is trading near its key support level of $7850. It has tested this level multiple times over the past few days making it more likely to break through on every test.
With the eighth month of the year right around the corner, Bitcoin seems to have consolidated its position near the $8,000 mark. Increased Adoption and Institutional Investors are Driving Bitcoin Demand Tech investor and entrepreneur Kin-Wai Lau believes that Bitcoin is riding another wave of enthusiasm.
Key Points Bitcoin cash price is slowly declining and is currently well below $830 against the US Dollar. Yesterday’s highlighted important bearish trend line is intact with resistance near $825 on the hourly chart of the BCH/USD pair (data feed from Kraken).
Results of a survey published by Wells Fargo Gallup on July 28, 2018, revealed that only two percent of US has invested in bitcoin, less than one percent plan to buy in near future while it influences 26 percent.
Key Points Bitcoin cash price is trading with a positive bias above the $800 support against the US Dollar. There is a major bearish trend line in place with resistance near $830 on the hourly chart of the BCH/USD pair (data feed from Kraken).
Crypto Market Updates Show Trading Volume Hits Near 3 Month High, Recovering After Bitcoin ETF Letdown Cryptocurrency investors can rest a bit easier with the conclusion of this week as the market looks set to rebound to reach a market cap of $300 billion after a series of corrections. The two days saw roughly $15 […]
Bitcoin price completed a correction wave near $7,800 against the US Dollar. BTC/USD is resuming its upside move and it could break the $8,500 high to test $9,000. Bitcoin Price Supports This past week, there was a nice upside move as bitcoin price broke the $7,600 and $7,700 resistance levels against the US Dollar. Later,
Today, the days of hobbyist crypto miners are long gone, and thanks to the growth of larger miners (namely Bitmain) we can enjoy a more reliable, stable and faster network. However, this comes at a price.
In recent news pertaining to cryptocurrency exchanges, the CEO of Chicago Mercantile Exchange (CME) has indicated that the company has no intentions of introducing derivative markets for alternative cryptocurrencies in the near futures; Waves’ decentralized exchange was hacked upon launch; and the founder Pakcoin has attributed Pakistan’s slow rate of cryptocurrency adoption to low literacy […]
The post Exchanges Round-Up: CME Rejects Altcoins, Waves DEX Hacked on Launch appeared first on Bitcoin News.
According to a Wells Fargo/Gallup poll, just 2% of investors say they currently own bitcoin, and less than 1% plan to buy it in the near future. While most investors say they have no interest in ever buying bitcoin, about one in four (26%) say they are intrigued by it but won’t be buying it
Cryptocurrency is fast becoming a saving grace for Pakistanis due to the mounting economic woes in the country. This is despite the 2018 cryptocurrency ban which caused Urdubit, Pakistan’s premier Bitcoin bourse to shut down its operations.
Bitcoin will likely be the only cryptocurrency, traded as a futures contract on the Chicago Mercantile Exchange in the near future, CME head Terry Duffy told Bloomberg in an interview.
Multiple small cap cryptocurrencies are witnessing notable price gains as profit taking cools for the major coins. Zerebro and Goateus Maximus rank as two of the biggest daily gainers as Bitcoin regains support above $94k.
Spot Bitcoin ETFs experienced a strong recovery on Dec. 26, breaking a four-day streak of outflows. Data from Farside Investors showed that ETFs reported combined net inflows of $475. 2 million, indicating renewed investor interest after a period of significant outflows of more than $1.
Сегодня ночью цена биткоина достигла исторического максимума в $106,352 после заявления Дональда Трампа о возможном создании стратегического Bitcoin-резерва в США. BTC за последние семь дней вырос на 5,57%, а за последние сутки — на 2,97%.
В России всерьез задумались над созданием государственного запаса биткоинов. На другой стороне океана США тоже готовят криптоплан. Таким образом, BTC превращается в важнейший инструмент мировой экономики.
Во Франции на подходе новый налог для владельцев криптовалют. Сенатор Сильви Вермеийе предложила считать BTC «непродуктивным» активом. Стоит отметить, что налог будет относиться к нереализованной прибыли.
Глава ФРС США Джером Пауэлл на фоне взлета BTC до $100,000 заявил, что Биткоин — не соперник доллара, а «виртуальное золото». По его словам, криптовалюта слишком нестабильна, чтобы стать платежным средством на постоянной основе.
По мнению экспертов, Bitcoin вот-вот всех удивит. Так, один из известных аналитиков считает, что мы только что вошли в фазу мощного роста, которая продлится до конца 2025 года. Криптоаналитик под псевдонимом Rekt Capital заявил, что прорыв Биткоина выше $69,000 — это сигнал к началу «параболического роста».
