Bitcoin revives the bullish momentum on breaking above $10,200 resistance. Bitcoin enjoys the bullish action but a rising wedge pattern threatens to force a reversal in the near term. Bitcoin is logging form new 2020 highs following a compelling return above $10,000. The largest cryptocurrency price is setting the pace for the altcoins as it busks in the...
Ethereum is still in the buy zone in preparation for the run-up to $300. Ethereum is also in grave danger as long as it stays under the resistance at $240. Ethereum is facing growing selling activity since the recent breakout failed to sustain gains above $230. The correction that followed explored levels slightly under $220. However, the congestion of...
Bitcoin retreat to $9,600 could be the key to the next rally above $10,000. Increased selling activity between $9,800 and $10,000 must be tackled head-on to pave the way for gains towards $10,200. Bitcoin is in retreat after failing to break above the resistance at $10,200 during the weekend session. Besides, the bulls could not keep holding onto the support...
Bitcoin revives the uptrend teasing further action towards $11,000. Price pullbacks become a part of Bitcoin’s recovery tactic in 2020. Bitcoin is majestically trading above the critical $10,000 level following what has come to be known as a successful weekend session. A slight dip on Friday saw Bitcoin test $9,700 support. However, a reversal from the...
Bitcoin soars towards $10,000 but fails to break the resistance at $9,800. Bitcoin retreat banks on the ascending channel support to bounced towards $10,000. Bitcoin is in a mega-bullish action that is likely to remain unstoppable until it hits the psychological $10,000 level. Besides the positive sentiments and comments across the cryptocurrency market,...
Bitcoin price hits a snag short of $9,800, leaving room for a retreat towards $9,600. Bitcoin’s ascending channel is likely to shape the trend in the coming weeks. Bitcoin is back in its bullish phase after testing lows close to $9,000 at the beginning of the week. The recovery has brought back the hope that $10,000 is nigh. Besides, many analysts including...
Bitcoin bulls have room for growth, especially if the support above $9,200 is reclaimed. Technical levels start to align with Bitcoin’s surge towards the medium-term target at $9,400. Bitcoin recently failed to sustain gains above the broken resistance at $9,600. Although the focus was on $10,000, the largest cryptocurrency by market capitalization only...
Bitcoin buyers attempt to push above $9,600 towards $10,000 fails. The ranging movement is likely to result in more downward movements towards $8,000. Bitcoin recently made an attempt to push for more gains but hit a snag slightly above $9,600. The main target for the past two weeks has been the $10,000 resistance. However, Bitcoin's price got interested in a...
Bitcoin smashed past the resistance at $9,600 over the weekend but remained majorly range bound. Bitcoin prevailing sideways trading is likely to last longer based on technical levels. Bitcoin price for the first time since November hit highs above $9,600 during the just-concluded weekend session. However, the weekend session was also dominated by...
Bitcoin price is stuck below a prominent resistance at $9,500 and prominent support at $9,400. Bitcoin is still in danger of breaking down to $8,000 especially with the formation of a rising wedge pattern. Bitcoin price is stuck between two key zones; the stubborn resistance at $9,500 and the prominent support recently established at $9,400. The largest...
Bitcoin's chances of testing and breaking above $9,400 sabotaged by the rejection at $9,433. The formation of a bullish flag pattern is a key indicator that a bullish reversal is in the offing. Bitcoin is faced with increased selling activity after the recovery that achieved a new January peak at $9,433. The desire to test and break the critical hurdle...
Bitcoin gains break $9,400 resistance for the first time in 2020. The tug of war between the bulls and the bears catches momentum following a dive under $9,400. Bitcoin price has corrected higher from $9,397 (opening value) on Wednesday to $9,431 (intraday high). The bullish strength emanates from the brief surge during the American session on Tuesday. For...
Ripple’s bullish pennant pattern price action still in play towards $0.25. Ripple technical analysis trend sustains a positive bias both short term and long term. Ripple is in a bullish zone after the recent recovery from levels close to $0.21. Last week bearish correction saw Ripple dive under a few support areas including $0.24, $0.23 and $0.22. The high...
Bitcoin jumps above $9,000, scattering the last of the bearish camps. Technical levels have aligned for the rally to $10,000 but Bitcoin must break the resistance at $9,200. Bitcoin has reclaimed the support above $9,000 after smashing through the resistances I highlighted yesterday at $8,700, and $8,800. It is clear that Bitcoin bulls intend to finish the...
Bitcoin pennant pattern breakout aims for $8,800 and the run-up to $9,200. Bitcoin price technical level align for another bullish action likely to step past $8,800 in the short-term. Bitcoin embraced a good start of the week after the recovery from the ‘crypt’ it had dived into last week. Impressively, the world’s largest cryptocurrency defended the key...
Bitcoin price break above the wedge pattern resistance renews the trajectory towards $9,200. Establishing support above $8,600 is critical to Bitcoin’s journey to $9,000 and $9,200 respectively. Bitcoin had an interesting end of the week following the bearish action witnessed across the cryptocurrency landscape. The largest crypto managed to defend the...
Ethereum is grinding upwards into a possible falling wedge pattern breakout. The support at $160 came out strongly on Friday, allowing a shallow recovery above $160. Looking back at the performance of Ethereum in the last five days, we can see the tug of war that has ensued between the bulls and the bears. Unfortunately, for the bulls, the bears have mostly...
Bitcoin reruns into the bearish phase as the downtrend targets $8,000. Ascending channel support and $8,300 are likely to hold Bitcoin declines in the European session. Bitcoin has continued with a downtrend since the week began. Losses after losses have been made where the bearish pressure has forced its way thought several key support areas including...