TA: Bitcoin Trades Below 100 SMA, Why BTC Could Face Short-term Dips

Key Highlights. Litecoin's price surged higher and even managed to break an important resistance area of $3.50-60. A perfect break can be easily noticed on the hourly chart (data feed from HitBTC), with support now at $3.60. Buying dips may be a good idea in the short term, as the broken resistance area could act as a support moving ahead. Litecoin's price traded higher intraday, and our idea yesterday of buying with a break played well. Now we can look to buy dips in the short term. Buy Dips? Litecoin price is currently trading in an uptrend on the 1-hour chart, as there was a critical....

Ethereum price failed to extend gains above $4,600 and declined. ETH is now moving lower and might extend losses below $4,400 in the short term. Ethereum started a downside correction below $4,600 and $4,550. The price is trading below $4,550 and the 100-hourly Simple Moving Average. There is a short-term rising channel forming with support at $4,460 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it trades below $4,400. Ethereum Price Dips Again Ethereum price extended gains above $4,620 and $4,650, like Bitcoin. ETH price tested the $4,750....

Bitcoin faced a strong correction on Thursday from its $10,900 daily high. The leading cryptocurrency currently trades for $10,400, reaching session lows. Altcoins have dropped even further, acting as high-beta plays on Bitcoin. The drop comes in the face of news from BitMEX, which indicates that the exchange is being charged by the CFTC for derivative and AML violations. Many say that this could be a long-term bear trend for Bitcoin as it shows that […]

Bitcoin has remained sideways for the last couple of months, tossing between the $88K and $75K levels. It hasn’t made any significant moves to either side. New data from Glassnode shows that short-term Bitcoin holders are sitting on significant unrealized losses. On the other hand, however, long-term $BTC holders are still in profit. Keep reading to find out how Bitcoin can move in the weeks to come. We’ll also suggest some of the best altcoins you can buy to benefit from a potential $BTC rally. Is $BTC Bearish Now? It’s still too early to say that BTC has gone into bearish....

Ethereum price started a recovery wave from $3,700. ETH is moving higher but faces a couple of key hurdles near $3,850 and $3,920. Ethereum started a fresh recovery above $3,750 and $3,800. The price is trading below $3,850 and the 100-hourly Simple Moving Average. There is a short-term bearish trend line forming with resistance at $3,850 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it trades above $3,920. Ethereum Price Dips Again Ethereum price started a minor recovery wave from the $3,700 zone, like Bitcoin. ETH price surpassed the $3,750....