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Indicator Suggests Bitcoin is Overbought; $13,300 Could be Imminent

Bitcoin is currently struggling to hold above its crucial $16,000 support level as buyers and sellers both fight for control of its near-term price action Where it trends next will likely depend largely on the continued reaction to this level, as a sustained decline below it could strike a serious blow to its technical outlook One trader is noting that one technical indicator is suggesting that Bitcoin is overbought at the present moment The same […] дальше »

2020-11-14 19:25


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Bitcoin Enters “Uncharted Territory” as Macro Outlook Grows Bullish

Bitcoin is holding steady above $16,000, even gaining some slight momentum above this level as buyers remain in full control This price action has been undoubtedly bullish for the cryptocurrency, with a daily close above this level confirming that this latest push higher is more than a fleeting pump Now that buyers have flipped this into support, it could be time for the crypto to see even further gains in the near-term One analyst explained […] дальше »

2020-11-14 21:00


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Bitcoin is Testing a Key Parabolic Trendline as Bears Try to Spark Downside

Bitcoin has been struggling to maintain its immense momentum following the multiple rejections seen at $16,000 It is now consolidating within the lower-$15,000 region, with bulls struggling to hold it above this level as it continues slowly drifting lower It did see a sharp rebound from its overnight lows of $14,800 that were set during yesterday’s selloff, with the support here being significant That being said, the multitude of rejections at $16,000 hasn’t bode well […] дальше »

2020-11-11 02:00


Ethereum Could Soon Target $800 as Macro Market Structure Builds Strength

Ethereum and the aggregated cryptocurrency market has been seeing immense volatility as of late Yesterday, ETH declined to lows of $427 before finding some strong support that slowed its descent and sparked a sharp rebound The cryptocurrency has been trying to confirm $450 as a level of support throughout the past few days, as this is a crucial level that must be held above for it to see further upside Where the market trends next […] дальше »

2020-11-9 22:00


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Bitcoin Likely to Retest Highs as Bulls Erase Yesterday’s Losses

Bitcoin is seeing some immense strength today as its price rallies past $15,000 once again The cryptocurrency has been struggling to hold above this level after it faced an intense influx of selling pressure at $16,000 The rejection here wasn’t too intense, however, as Bitcoin’s latest pullback was short-lived and followed by immense upside Where it trends next will likely depend largely on how strong of support bulls can build at $15,000 If it breaks […] дальше »

2020-11-9 19:31


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Ethereum’s Macro Outlook is “Ultra Bullish” Despite Recent Turbulence

Ethereum has been closely tracking Bitcoin’s price action throughout the past couple of days This has caused it to see a notable selloff, with bulls and bears now reaching an impasse as it trades just above its crucial $380 support level A continued defense of this level is key if bulls want to fuel a move higher in the near-term One analyst is now noting that the cryptocurrency’s macro outlook is ultra-bullish despite the recent […] дальше »

2020-10-30 23:00


Here’s What May Have Caused Bitcoin to Nosedive into Its Key Support

Bitcoin saw a nosedive that caused it to erase all of yesterday afternoon’s gains as a result of the intense selling pressure around $13,800 This level marks the cryptocurrency’s 2019 highs, and a continued bout of trading at this level could confirm this as a local top It is important to note that BTC has found support above $13,200, which is a positive sign suggesting that upside is imminent The resistance here isn’t the only […] дальше »

2020-10-29 02:00


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Bitcoin Holds Above Critical Support Level as Bulls Target $14,000

Bitcoin has seen some further upside today despite the intense selloff seen in the stock market This confirms the narrative regarding it now being fully decoupled from traditional assets It has also been able to set new yearly highs this morning when it rallied towards $13,500 If it continues holding above its near-term resistance-turned-support at $13,200, the crypto could soon gain further momentum that leads it up towards $14,000 This is an intense resistance level […] дальше »

2020-10-27 21:00


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Do or Die: Ethereum Tests Critical Support Region as Bears Try to Regain Control

Ethereum has been struggling to garner any technical strength in the time following its dip below $380 This is a critical level that has determined its trends in the past, and the break below it is quite bearish Where the entire market trends next will likely depend on Bitcoin, but any near-term BTC downside could force ETH below a critical support level It is currently trading just a hair above this level, and one analyst […] дальше »

2020-10-18 22:00


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Ethereum Could Push to $420 if It Flips One Key Level into Support

Ethereum is currently caught within a consolidation phase alongside Bitcoin and its other peers This has made its near-term outlook somewhat unclear, as where it trends next may depend largely on the price action seen by BTC Overnight, an influx of selling pressure caused its price to plunge just over 1%, with this decline sending it below the crucial $380 level This level has long been pivotal for Ethereum, and its recent break above it […] дальше »

2020-10-16 23:00