Bitcoin Found Support Where Recent Buyers Can’t Afford to Lose: Discover the ...
Bitcoin is trading above $80,000 as the market prepares for what is shaping up to be a decisive directional move. The recovery from the recent correction has been meaningful — but a CryptoQuant report has identified the specific mechanism that prevented the decline from becoming considerably worse, and understanding it changes how the current price level should be read. Related Reading: Retail Capitulation Hits AAVE, But Smart Money Starts Positioning: Here The Post-Crisis Market Structure The report examines the realized prices of different whale cohorts — the average cost basis of large....
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Key Highlights. Litecoin price spike down to test $3.35 where it found buyers for an upside move. A bearish trend line formed on the hourly chart (data feed from Bitfinex) was broken, which can be seen as an initial sign of a correction in the near term. The next stop for buyers may be around the 100 hourly simple moving average at $3.56. Litecoin price looks like started a short-term recovery, and there is a chance of it moving higher if buyers gain momentum. Trend line break. Litecoin price traded towards the $3.30 support area found support near $3.36, as buyers managed to defend the....
Here's a look at what we are focusing on in the bitcoin price this morning. Yesterday evening, our primary focus in our bitcoin price analysis was to try and figure out whether price had finally found support, and – in turn – whether this meant we could set ourselves up for a medium-term reversal against the overarching downside trend. We noted that price couldn’t continue to decline indefinitely, and that at some point, markets would have to balance between buyers and sellers, and that chances are, this wouldn’t happen below previous levels – i.e. those from which price rocketed towards....
Ethereum price found buyers near $10.15 against the US Dollar, and now it looks like ETH/USD is attempting an upside move. Key Highlights. ETH price traded further lower against the US Dollar to test $10.15 where it found support. The ETH/USD pair is now making an attempt to break yesterday’s highlighted bearish trend line on the hourly chart (data feed via SimpleFX). A break and close above $10.40 might open the doors for more gains in the near term. Ethereum Price Recovery. We saw more declines in ETH price against the US Dollar, as it traded below $10.20 to trade as low as $10.15 where....
The use of Bitcoin may get some more fortification in India as the region’s most wealthiest man is enabling super cheap 4G to a billion Indian citizens. India’s Richest Man Gives 4G Data to a Billion People. Mukesh Ambani is one of the richest men in India. Local consumers will have the opportunity to try Ambani’s new Jio Network, allowing 4G data at....
In previous weeks, the crypto market looked like it was set to lose its key support with major altcoins such as Bitcoin (BTC), Ethereum (ETH), and other altcoins at the brick of losing their support area holding price sell-offs. Despite the uncertainty, some altcoins have continued to look green at the face of any litmus test. Let us discuss on top 5 cryptos you should pay attention to this week. Disclaimer: The picks listed in this article should not be taken as investment advice. Always do your research and never invest more than what you can afford to lose. Related Reading: NEAR....