Bitcoin renews the uptrend following the colossal dip from $58,000. Support at $44,860 played a critical role in the ongoing recovery, leading to gains past the 100 SMA. BTC will fail to rally to $60,000 if support above $50,000 does not hold in the near-term. The cryptocurrency market is still in red, but recoveries have begun following the massive breakdown...
Ethereum has lost several support levels since the rejection from the all-time high of $1,940. Support at the 200 SMA is expected to prevent extended losses toward $1,500. Recovery above $1,700 may call out many buyers to rejoin the market in anticipation of gains eying $2,000. Ethereum has been among the cryptocurrencies that are correcting from their...
-Litecoin hits $247 for the first time since February 2018 -Bitcoin becomes trillion dollar asset -Bearish signs print on LTC 1 day chart Litecoin, the 8th cryptocurrency by market cap, exploded to a three year high of $247. LTC is still short of its all time high of $375 by roughly 64% at the time of writing. Traders await a potential run up of the laggard...
Ethereum holds above $1,900 while bulls keep their eyes on $2,000. The least resistance path is upwards, as reinforced by the MACD on the 4-hour chart. Ethereum’s uptrend to $2,000 will be invalidated if losses extend under $1,900. Ethereum is gradually nurturing an uptrend towards $2,000 despite the frequent rejections from new all-time highs. At the time of...
Bitcoin ETF starts trading in North America, attracting a high initial volume. Bitcoin holds above $50,000 as bulls look forward to action beyond $60,000. Declines under $50,000 will seek refuge at the 50 SMA and the ascending parallel channel lower edge. Bitcoin has this week ascended to yet another new high. The rise above $50,000 occurred amid the return...
Bitcoin steps to new record highs above $52,000 as buyers eye $60,000. The MACD adds credibility to the building uptrend. A reversal will come into the picture if the price breaks below $52,000. Bitcoin has finally settled above $50,000, allowing bulls to fight for higher levels. The flagship cryptocurrency is hit a new record high at $52,730 on Coinbase but...
Bitcoin renews the push for gains above $50,000 after retesting support at $48,000. The 50 SMA on the 4-hour chart plays a vital role in the push for new record highs. BTC must sustain gains within the ascending channel; otherwise, a breakdown to $40,000 may occur. Bitcoin briefly stepped above $50,000 on most of the exchanges during the Tuesday session. The...
Ripple is getting ready for a breakout as long as the bull flag pattern on the 4-hour chart is confirmed. Holding above $0.5 remains key to the upward momentum. XRP is still under the impact of the gravitational force following the rejection at $0.65. Ripple has sustained the price above $0.5 for a couple of days now. The need for stability came after a...
Bitcoin is on the path to breaking above $50,000 as technical remains bullish. The uptrend is likely to be validated by the MACD on the 4-hour chart. Failure to break the ascending channel’s middle resistance could see BTC drop to $46,000. Bitcoin is trading slightly above $49,000 after recovery from the recent dip to $46,000. Over the weekend, the flagship...
Bitcoin lifts off support at $43,500, targeting an upswing towards $52,500. Immediate support has been provided by the ascending parallel channel’s middle boundary. A correction toward $40,000 is still in the cards, especially if the immediate support is broken. Bitcoin price has been proving its ability to rise to record highs after a correction. The...
Ripple confirms the uptrend after closing the day above $0.5. XRP may flip massively bullish if the 61.8% Fibonacci resistance is broken. A correction will come into the picture if XRP loses the support at $0.5. Ripple price continues to use the recent support at $0.35 as the springboard back to $0.75 (new yearly high). The cross-border token has remained...
Ethereum retraces from the new record high aiming to secure support above $1,700. The formation of a rising wedge pattern hints that the correction could be extensive. Ethereum network is moving more value in Ether compared to Bitcoin blockchain with BTC. Ethereum is struggling to sustain the uptrend after rising to a new all-time high. The largest smart...
Bitcoin rejected at $48,000 (all-time high), forcing bulls to seek support above $43,000. Some technical indicators suggest that the correction has just begun; thus, BTC could fall to $38,000. A golden cross on the 4-hour chart could invalidate the downtrend, allowing Bitcoin to resume the uptrend toward $51,000. Bitcoin surprised many following the recent...
Ethereum leads the altcoin season after jumping above $1,800 to trade a new record high. Investors speculate that Ethereum will rally to $2,000 in the near term before completing the leg up to $3,000. ETH will correct if the support at $1,800 fails to hold. Ethereum is currently holding above $1,800 after extending the bullish leg from the short term support...
Ripple holds the uptrend in place following a rebound from the primary support at $0.35. XRP must break above the 50% Fibonacci level to sustain the recovery eyeing $0.75. A correction will come into the picture if XRP’s upside remains capped under $0.5. Ripple is making a gradual but steady recovery after recently suffering a big blow. The cross-border token...
Ethereum renewed the uptrend in tandem with Bitcoin but failed to break above $1,800. The least resistance path is upward according to the MACD and the moving averages. Trading above $1,800 could trigger massive buy orders as Ethereum rallied toward $2,000. Ethereum has traded a new high after a new high in the recent weeks, allowing investors to speculate...
Bitcoin spikes to $47,450 for the first time after closing the day above $40,000. The technical breakout eyes $53,620, suggesting that the top is nowhere near. BTC’s list resistance path is still on the upside as projected by the MACD. Bitcoin resumed the uptrend on Monday after confirming support at $38,000. Closing the day above $40,000 also encouraged more...
Ethereum soared to a new all-time high but corrected to retest support at $1,500. Higher support, preferably at the 50 SMA on the 4-hour chart will see Ethereum resume the uptrend. Ethereum recently sliced through a couple of key barriers to trade a new all-time high of $1,765. The largest altcoin has been on this upward trend since the beginning of January....