Bitcoin Price Retreats From Highs – Is The Market Signaling A Short-Term Top?
Bitcoin price struggled to surpass $126,200 and corrected gains. BTC is now consolidating near $122,000 and might aim for a recovery wave. Bitcoin started a downside correction below the $125,000 level. The price is trading below $124,000 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance at $123,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move down if it trades below the $120,500 zone. Bitcoin Price Corrects Gains Bitcoin price extended gains above the $124,000 zone. BTC climbed above the....
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Neucoin Price Key Highlights. Neucoin price has been moving sideways both on its short-term and long-term time frames, as buyers and sellers can't establish a strong direction. Zooming in to the short-term time frame reveals a tight range from 0.0000210 to 0.0000225. Neucoin price could be due for a breakout soon, as technical indicators favor further downside. Bears to Gain Traction? Stochastic is already indicating oversold conditions for quite some time, signaling that bearish pressure is building up. Once the oscillator starts turning south, neucoin price could follow suit and break....
Bitcoin is short-term bearish, traders say, as the options market hints at consolidation. A pseudonymous trader known as “Byzantine General” is short-term bearish as Bitcoin (BTC) continues to test the same $30,000 support area.Although the price of Bitcoin is staying above a key support level, the trader said the price action is not bullish. He wrote:“In the midst of all this chaos, here's a bitcoin chart. Not much to do. It's bearish no matter how you look at it. But we're sitting on support, so no swing short opportunity either... It's just waiting now. > YO needs to hold.”"Options....
The short-term and long-term bitcoin holder cost basis ratio is trending downward, signaling a shift in market conditions.
Ethereum price struggled to climb above the $3,650 resistance and trimmed gains. ETH is now signaling a downside break and might decline below $3,450. Ethereum is trimming gains from the $3,620 resistance zone. The price is trading below $3,550 and the 100-hourly Simple Moving Average. There was a break below a short-term rising channel forming with support at $3,540 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bearish momentum if it dips below the $3,485 and $3,450 support levels. Ethereum Price Trims Gains Ethereum price started a decent increase above the....
Bitcoin price appears to be correcting from its recent selloff but technical indicators are signaling that a longer-term bounce might be in order. Bitcoin Price Key Highlights. Bitcoin price is pulling up from its recent slide but could be in for more gains if sellers hop in the short-term area of interest. Support at $555 was previously broken and might hold as resistance moving forward. Technical indicators, however, are suggesting that the climb could continue. Technical Indicators Signals. The 100 SMA is safely above the 200 SMA so the path of least resistance is still to the upside.....