Bitcoin failed to clear the $48,500 resistance zone against the US Dollar. BTC is sliding, but it could find bids near the $45,500 support zone. Bitcoin is facing a strong resistance near the $48,000 and $48,500 levels. The price is now trading below $48,000 and the 100 hourly simple moving average. There is a major…
Bitcoin failed to clear the $50,000 resistance zone against the US Dollar. BTC is sliding and there is a risk of more downsides below $47,000. Bitcoin made two attempts to clear the $49,500 resistance but failed. The price is now trading below $48,500 and the 100 hourly simple moving average. There is a connecting bullish…
Bitcoin started an upside correction above the $48,000 resistance zone against the US Dollar. BTC could gain pace if there is a close above the $50,000 level. Bitcoin started a decent increase above the $47,500 and $48,000 levels. The price is now trading above $48,500 and the 100 hourly simple moving average. There was a…
Bitcoin remained stable above the $46,000 support zone against the US Dollar. BTC could start a steady increase if there is a clear move above the 100 hourly SMA. Bitcoin is forming a base above the $46,400 and $46,000 support levels. The price is still trading below $48,500 and the 100 hourly simple moving average.…
The crypto market is in turmoil – a major change from the exuberance that kickstarted the year. One of the most important figures responsible for the euphoria in Q1, was none other than the self-proclaimed Dogefather, Elon Musk. His sudden love affair with Bitcoin and other crypto assets send valuations flying, and once he changed…
Bitcoin is struggling to clear the $50,000 resistance zone against the US Dollar. BTC could decline heavily if it stays below $50,000 for a long time. Bitcoin is struggling and showing bearish signs below the $50,000 resistance. The price is now trading just below $49,000 and the 100 hourly simple moving average. There was a…
Bitcoin is struggling to clear the $50,000 resistance zone against the US Dollar. BTC could decline heavily if there is a clear move below the $47,300 level. Bitcoin is struggling and showing bearish signs below the $50,000 resistance. The price is now trading below $49,500 and the 100 hourly simple moving average. There is a…
Bitcoin price is clearly on the ropes, sending the market and its participants into a state of extreme fear. But much like a superhero donning their cape and hustling toward danger, an ultra-reliable bottom signal has returned to save the day. Here is a closer look at the signal that appeared twice at the crypto…
Bitcoin remained well bid above the $49,000 support against the US Dollar. BTC could start a fresh increase if it clears the $50,800 resistance zone. Bitcoin is showing a few positive signs above the $49,000 support zone. The price is now trading above $49,500 and the 100 hourly simple moving average. There is a key…
Is Bitcoin in trouble, potentially on the brink of collapsing to unexpected new lows? That’s the question on all crypto inventor’s minds, as the leading cryptocurrency by market cap tends to lead the bullish charge. However, a somewhat forgotten style of technical analysis could provide the most cut and dry look at the current support…