Since setting a new low for the year on January, 2022, price has been trading in a range between 33,000 to 45,000. They key level to look out for is 39,000, which has as a strong resistance the past three weeks. So far price as been rejected the past two weeks at this level. Can we close this week above 39,000?
Also, consolidations in a range that we're seeing...
Bitcoin under strong selling pressure! Price should come back down and test 33,000 quickly. If 33,000 doesn't hold, our final support level for this current pattern is at 29,000. If price consolidates below 29,000 and continues to trade over, I might have to
Futures opening slightly down at opening hours on Sunday night. Let's see if the price attempts a comeback towards the buy zone above 14680. Nevertheless, the price could get rejected at any time if a hard-selling wave occurs. Therefore, it's not time to be optimistic, but rather patient. Let's see what price tells us what to do. Keep a close eye on the key levels...
Bearish Breakout on the NASDAQ! Price has consolidating in a narrow range right now, just above key support. This is important as a break below the 14,000 support level could indicate more downside. Here are the key levels to keep an eye on.
The Nasdaq 100 index has come back down to test the key level at around 14,000 once again. Can we hold?
A consolidation below this area could indicate more upside. Watch out for a bearish breakout below 13,700.
Bitcoin looking incredibly bearish here againt the US dollar. As the stock market continues to decline, Bitcoin finally broke the 39k major support level. Technically, we have till the end of this week to hold 39k However, that seems unlikely as price looks very bearish technical and sentiment real poor.
Like the rest of the crypto market, it's been a tough few weeks for Solano. Price has come down so much that it's only a few points above the major support level. For this reason, there is a good chance that price will come down and test the major support level at 125.00 and 115.00 respectively. Will buyers jump back in at these levels?
It's been a crucial week for Bitcoin, as price continues to test major support level. The final support level at this area is at 39k. In which, we tested and held relatively well on Monday. Now that price is back above 40k, there are two main scenarios to keep in mind. First is another re-test at 41k or 39k. The second scenario is a bullish breakout above 43k....