Bitcoin and Ethereum rose on Thursday after witnessing a drop on Wednesday. BTC buyers reacted to the oversold conditions. Even though the upward trend appears to be limited, the momentum signals are still negative. The support of BTC lies at US$27,000, while the resistance holds at US$33,000, which can keep the short-term buyers active in the market. BTC can...
The Daily Chart
Considering the current macro sentiment, it may be too early to call the current area the bottom, as price action could easily be a mid-downtrend consolidation before another leg to the downside. Assuming a more favorable scenario, the price could also bounce from where it currently trades. If that plays out, the two significant challenges would...
Bitcoin
Following a slight rally in price during Tuesday’s session, bearish sentiment returned to markets on Wednesday.
This sentiment saw BTC/USD drop to a bottom of $29,570.30, less than 24 hours after trading at a peak of $30,694.49.
Wednesday’s low sees a continuation of price consolidation, as traders continued to navigate through the current volatility...
DOGE attempted a rebound on the 4-hour chart but was unable to maintain the bounce. A bearish candle with a long wick as seen on the lower time frame, indicates that sellers are still in charge of the trend. If the price falls further, it will finally breach $0.07 lows.
Buyers must push the price above to $0.1100 before there is any possibility of a recovery. The...
I think we will see these lows with support broken this time around as btc head to the low 20k region.
This is an open thread, please share your thoughts in the comments, I'm watching BINANCE:LUNAUSDT BINANCE:BTCUSDT
Note: This post does not contain ani financial advise.
