Bitcoin (BTC) narrowly missed scaling a key resistance level on Monday, but remains on the hunt for a corrective rally, the technical studies indicate.
As discussed, a close (as per UTC) above $6,250 (Doji candle high) yesterday would have likely set the tone for a stronger corrective rally.
While prices did reach a high of $6,341 yesterday, BTC closed (as per UTC) at $6,247.
On the other hand, stiff resistance lined up in the $6,400–$6,800 range could complicate the recovery.
That said, the bulls face an uphill task as a number of key resistance hurdles await:
$6,417 (10-day moving average)
$6,425 (April low)
$6,500 (April 6 low)
$6,533 (March 30 low)
$6,680 (falling channel resistance)
Still, the longer outlook remains bearish, with bitcoin still trading in a falling channel.
Bitcoin’s remarkable rally in 2024 stunned the world but with the advent of the new year only hours away, the rally seems to be stalling. The cryptocurrency, which surged to a record high of $108,000 in mid-December, was trading at $93,670 early Monday in New York, 16% below the high. Smaller tokens like Ether and […]
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So, a relief rally may be in the offing, but that depends on whether prices close today (as per UTC) on a positive note. A notable relief rally could be in the offing if BTC closes today (as per UTC) above $6,250 (Sunday’s doji candle high), confirming a bullish doji reversal. A confirmation of bullish
Bitcoin rose to a six-day high of $6,580 on Monday on Bitfinex, adding credence to indications that the cryptocurrency could be in for a relief rally. Furthermore, bitcoin refused to embrace the negative narrative on Wednesday after the $31 million hack of South Korea’s Bithumb exchange, indicating that the sellers are likely running dry. Despite all this,
Despite the bearish chart setup, bitcoin (BTC) rose to a six-day high on Monday, putting a corrective rally to $7,000 back on the map. Yesterday’s gravity-defying price action in BTC has boosted the odds of a rally to $7,024 (23.
Prior to the news, bitcoin saw several days when buyers began to disappear from the market. As you can see, the price temporarily dipped below support on high volume and saw a short closing rally which pushed the price back into the TR. Now, at the time of this article, we are testing the support
Within minutes of rumors spreading regarding the SEC’s classification of both bitcoin and ether, the entire crypto market breathed a sigh of relief as everyone enjoyed a nice bounce.
In the previous BTC-USD market analysis, we discussed a macro pattern forming, called a “symmetrical triangle. ” A symmetrical triangle (shown in red) is a directionally agnostic consolidation pattern.
2018-07-21 This edition features popular Bitcoin technical analyses from Coindesk, Bitcoinist and NewsBTC. Or jump right to today’s Bitcoin $ BTC Forecast. The selloff has continued and the rally appears to have been another blip in a lengthening bear market.
KittyBitcoin’s unique Ethereum $ ETH Forecast brings you time-saving & illustrated views. The links to “Full coverage” let you easily obtain 100% of the analytical depth. Report Generated This report was generated on Thursday July 19 2018 19:02 hours UTC.
Bitcoin (BTC) rally has stalled near a key resistance range and a minor pullback could recharge the engine for a much-awaited move toward the $7,000 mark. Further, BTC has failed to close (as per UTC) above the stiff resistance at $6,800 in the last two days.
Bitcoin (BTC) rally has stalled near a key resistance range and a minor pullback could recharge the engine for a much-awaited move toward the $7,000 mark. Further, BTC has failed to close (as per UTC) above the stiff resistance at $6,800 in the last two days.
This trade sent the market into overdrive as users assumed that the exchange or the Syscoin protocol had been compromised. Binance said it was revoking “existing API keys” and asked users to recreate their keys and be more protective.
At press time, BTC is trading at $6,575 on Bitfinex – up 3. 4 percent in the last 24 hours. Currently, the 24-hour trading volume stands at $4. 61 billion, according to CoinMarketCap, and is not showing any signs of life.
Litecoin’s (LTC) close this week will likely set the tone for the next major move in prices, the technical charts indicate. On the other hand, if LTC finds acceptance below $72.58, then more investors will likely liquidate their holding (long positions), yielding another round of sell-off. So, a weekly close below $72.58 (last week’s doji
