Here are the Crucial Levels to Watch as Bitcoin Climbs Back Above $19,000
Bitcoin is once again trading above $19,000, as this has been a crucial level for the cryptocurrency that bulls have ardently been trying to flip into support It remains unclear as to whether or not it is going to be able to establish any meaningful support at this level The selling pressure here has proven to be significant in the past, and may continue hampering its growth Where the market trends next will still likely […]
Related News
Yesterday afternoon we saw the bitcoin price breakout of its intraday range (the parameters of which we highlighted in the mornings bitcoin price watch piece), and we published our analysis shortly before the markets closed in Europe offering up the levels we were keeping an eye on in the bitcoin price overnight and what the breaking of these levels would mean as far as our intraday positions were concerned. Now action has matured, we have a few new levels to watch. What are these levels, and how might we enter a position in the BTCUSD today? Take a quick look at the chart. As you can see,....
Bitcoin’s price action has been slow over recent weeks. This has allowed crucial technical support levels to catch up with the current price. Analysts say that Bitcoin is on the verge of falling below two support levels of macro importance. BTC doing so could trigger a move to the low-$9,000s, then potentially even further below that. Bitcoin Could Slip Below Crucial Macro Trend Levels Bitcoin bulls should be on edge, analysts say, as the cryptocurrency […]
After dipping below the $30 mark last week, Hyperliquid (HYPE), the native token of one of the rapidly expanding decentralized exchanges (DEXs), has managed to recover by 2% this Thursday, positioning itself to benefit from this latest upward movement that has seen the leading cryptocurrencies recover key levels. HYPE Poised For A New Rebound Market analyst OxMakeSense has highlighted the potential roadmap for HYPE to reach $50 in the short term, just below all-time high levels of $59, indicating that the token is starting to show the first signs of a significant shift. He emphasizes that....
Bitcoin price rallied close to $11,000 after Square announced a $50 million BTC purchase. The number of Institutional investors stepping in to Bitcoin continues to increase and this appears to be inspiring some newfound confidence in Bitcoin price. Just today Square announced that it had purchased 4,709 Bitcoin (BTC) for $50 million.Square is not the only large company to take this action. Recently, MicroStrategy made waves for also announcing a significant purchase of Bitcoin.These news events could be a signal to investors that a new cycle is starting up and bigger parties are showing....
Yesterday afternoon, we published our twice-daily bitcoin price watch piece. In the piece, we highlighted the levels that we would be looking at around evening during the Asian session, and suggested that - as a result of the widening of our regular parameters - we could probably get in and out of the markets according to our intra-range strategy. Action has now matured overnight, and - as we head into a fresh European session - what of levels that we are keeping an eye on in the bitcoin price today, and how can we try and draw profit from the market on the back of these parameters? Take a....