Bitcoin Price Tests Support
After being sold, during late US trading on Friday, to a trendline that has provided support since the middle of March bitcoin price is straining higher, early Sunday. The supporting trendline (blue) approximately overlaps a long-term Fib line that originates at the January 2015 low (not shown). Any decline below this trendline will herald a larger decline. Price may poke below it, but what we want to see is a 1-hour candle open below the trendline, as well as, close below it. This is the typical sign that market traders look for to confirm that a supporting level (or chart feature) has....
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After the market crash that sent the Bitcoin price falling toward $100,000, the XRP price also saw a notable decline, and this crash has brought it toward an important level. While the digital asset continues to hold above the $2.1 level, it remains critical support and a break below this could be negative for the price. This is outlined by crypto analyst The Alchemist Trader, who has shown what direction the XRP price could be headed in depending on what happens here. XRP Price Threatens Major Support Level After the almost 4.5% decline that ravaged the XRP price over the last week, it....
The realized price of bitcoin is around $24,000 and a lack of long-term holder capitulation means there is potentially more downside to come.
Bitcoin (BTC) has completed its ninth test of the $60,000 support level, hinting at a potential shift in the cryptocurrency’s trajectory. According to a crypto analyst, Bitcoin faces significant moves ahead and determining the direction of this momentum is crucial. BTC Retests $60,000 Support For The 9th Time In an X (formerly Twitter) post published on July 3, a crypto analyst identified as ‘Dana Crypto Trades’ declared that Bitcoin has successfully completed its ninth test for the $60,000 support region. A support level is a price threshold where assets tend to stop falling, signaling....
The bitcoin stress tests planned by CoinWallet could breach UK law, a legal professional has suggested. The claim was first posted on Reddit yesterday, with user 'btcdrak' asserting: "The Computer Misuse Act 1990 in the United Kingdom makes it an offence to deliberately cause disruption to computer systems with intent." Eitan Jankelewitz, associate at UK law firm Sheridans, said he would tend to agree with this assessment. The aim of these stress tests is to verify whether the bitcoin network is capable of handling a large stream of very small transactions. CoinWallet's first test in June....
Crypto analyst BitGuru has revealed that the Dogecoin price just swept a key support level following the Black Monday crash. Based on this, the analyst predicted what could happen next and mentioned why the foremost meme coin could retest $0.2 again. Dogecoin Price Retests Key Support After Black Monday Crash In an X post, BitGuru […]