Bitcoin Weekly RSI Points To More Upside, But Can the Bulls Defend $107,000?
Bitcoin’s weekly chart shows promising signs of strength as the RSI continues to climb, hinting at the potential for further upside. However, the battle isn’t over yet. With price hovering near the critical $107,000 support, bulls must defend this level to prevent deeper downside pressure. RSI And Price Alignment: A Textbook Case Of Momentum Confirmation In a recent market update, EGRAG CRYPTO questioned whether the bulls and bears are even analyzing the same chart, as the current macro weekly structure of Bitcoin shows no signs of bearishness. The broader setup remains firmly bullish,....
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Bitcoin price looks bullish on a higher timeframe chart like the weekly chart, but the BTC bulls must capitalize and take it higher. Key Points. Bitcoin price may trade higher vs the US Dollar, as it looks it broke a major resistance area. There was a contracting triangle pattern formed on the weekly chart (data feed from Bitstamp) of BTC/USD, which was broken during the recent upside move. The price is now above the 100-weekly simple moving average, which is a positive sign for the BTC bulls. Bitcoin Price Crucial Break. Bitcoin price managed to slowly climb higher vs the US dollar, and....
Bitcoin has seen some mixed price action as of late, with bulls struggling to defend the cryptocurrency against a break below $40,000 as bears try to reverse its momentum The crypto’s ability to hold above this level is promising, but it remains unclear as to how long it will hold If bulls can flip this previous resistance level into support, it could prove to be a strong base for the crypto to grow upon in […]
Ethereum price climbed higher and there was no stopping the bulls. It looks like the bulls may attempt to take it towards the $15.00 level. Intraday Support Level can be $11.80. Intraday Resistance Level may be $13.30. Ethereum price surged higher this past week and broken every resistance that came in its way. There was a major resistance formed near $12.00 where the bears attempted a couple of times to defend it. However, at the end, the bulls succeeded and took the price above the stated level. There was a sharp upside move towards the $13.00, and the price stopped near $13.33. There is....
As mentioned in the previous Bitcoin price technical analysis, Afloat, But For How Long?, the remarkable work done by the bulls to defend their crucial weekly support of $220-225 has finally paid off during this weekend as Bitcoin price surged 5.29 percent to $241.01. During the latest price move, Bitcoin also crossed a near-term resistance which had kept it subdued for several sessions. But let us now discuss the price targets, the supports and the resistances. Bitcoin Chart Structure - Since August 19th, Bitcoin had been trading with its upside capped near $235 (we discussed this....
Bitcoin price broke a major resistance zone versus the US Dollar, and currently looks poised for more gains in the near term. Key Points. Bitcoin price after trading in a range for some time against the US Dollar started moving higher. There was a crucial contracting triangle pattern formed on the 4-hours chart (data feed from SimpleFX) of BTC/USD, which was broken during the recent upside. The price is also above the 100 simple moving average, which is a positive sign for buyers. Bitcoin Price Buy Dips. Bitcoin price earlier this past week traded a few points lower against the US Dollar.....