Tag: Key

Bitcoin Price Stuck In Key Range, Why The Bulls Remain In Action

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Bitcoin price failed to clear the $17,300 zone and corrected lower. BTC could find a strong buying interest near $16,900 or $16,700 in the coming sessions. Bitcoin failed to gain pace for a move above $17,300 and $17,450. The price is trading below $17,000 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $17,150 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could bounce back if it stays above the $16,900 and $16,700 support levels.…

Bitcoin bulls protect $17K as trader eyes key China BTC price catalyst

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Bitcoin (BTC) maintained $17,000 support into Dec. 10 ahead of a critical week of macro data. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView CPI print will make Fed “slow down” Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it traded sideways after the close of trading on Wall Street. The pair looked set for a quiet weekend, with all eyes focused on United States inflation readings and policy updates due from Dec. 13 onward. With the Producer Price Index (PPI) November print behind it, the month’s Consumer Price…

Bitcoin Price Could Avoid Another Downtrend if it Closes Above One Key Level

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Bitcoin price extended its decline below the $17,000 level. BTC could avoid a major drop if it closes above the $17,000 resistance zone. Bitcoin remained in a bearish zone and traded below the $17,000 support. The price is trading below $17,000 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $16,920 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is showing a few bearish signs below the $17,000 pivot level. Bitcoin Price Is Showing Bearish…

Key Support Line For Cardano Price Rests Here As The Coin Moves South

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The Cardano price has declined steeply over the past trading sessions. The altcoin currently trades within a descending triangle pattern. This means that the coin could be headed for further decline unless it manages to break past a few vital price ceilings. Over the last 24 hours, ADA declined by 1.3%. In a weekly timeframe, the altcoin price has been hovering around the same range. In recent weeks, the Cardano price has reached new highs. This reading is tied to bullish price action; however, the bulls lost vigor. It is…

Bitcoin 2022 bear market ‘usual’ despite key trend line loss — analyst

Bitcoin (BTC) spending an “unprecedented” period below a key moving average is a poor guide to the 2022 bear market. That was the opinion of analyst Superswell, who this week championed on-chain metrics as a way of understanding current BTC price action. “Business as usual so far” for Bitcoin bear market In a series of tweets on Dec. 5, Superswell challenged those concerned about the 200-week simple moving average (SMA) disappearing as support on BTC/USD. “Over the last few months, I’ve seen quite a few people point out that BTC…

Bitcoin Price Key Trend is Forming And BTC Could Soon Surge to $18K

Bitcoin price gained pace for a fresh move above $17,000. BTC is rising and might climb higher towards the $18,000 resistance zone. Bitcoin started a fresh increase above $17,000 and $17,200 resistance levels. The price is trading above $16,800 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $17,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair seems to be eyeing a move towards the $17,650 resistance or even $18,000. Bitcoin Price Restarts…

Bitcoin Price Starts Technical Correction, Here’s Key Support To Watch

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Bitcoin price traded above the $17,000 resistance. BTC is correcting gains and might decline towards the $16,650 support zone in the near term. Bitcoin gained pace and cleared the $17,000 and $17,200 resistance levels. The price is trading above $16,650 and the 100 hourly simple moving average. There was a break below a major bullish trend line with support near $16,980 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could correct lower towards the $16,650 and $16,500 support levels. Bitcoin Price Faces Bears Bitcoin…

Ethereum Price Gearing For Lift-Off to $1,400, Key Support In Place

Ethereum gained pace above the $1,250 resistance zone against the US Dollar. ETH even spiked above $1,300 and is currently correcting gains. Ethereum remained well supported and even cleared the $1,280 resistance zone. The price is now trading above $1,250 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $1,280 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise if it stays above the $1,250 and $1,230 support levels. Ethereum Price Gains Bullish Momentum…

Crypto Winter Hurt Confidence, but Building Digital Asset Infrastructure Remains Key

CryptoX – Cryptocurrency Analysis and News Portal Crypto market leverage, however, is greater in this cycle than the last. That’s probably because crypto institutions such as market makers, companies and investors are the dominant traders in the market this time round, whereas in 2017-18 retail dominated. Original Source The post Crypto Winter Hurt Confidence, but Building Digital Asset Infrastructure Remains Key appeared first on CryptoX. CryptoX Portal