Solid Upside Rejection as Bitcoin Tests $60,000; What to Expect?
Bitcoin bears attempted to take control during the early European session as the cryptocurrency neared a $60,000-valuation.
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The Bitcoin price (BTC/USD) is heating up right now and is at $254 (at press time) on Bitstamp and breaking through new trading ranges. The steady climb upwards has seen the currency gain over 11% since last month’s consolidation at USD $240-245 levels, with some slight variances. After a run of levels in the $220-225 tests, the cryptocurrency has been....
Key Highlights. There was no stopping the DigitalNote price, as it continued to trade lower and fell below the last swing low of 0.00000070BTC. The price traded as low as 0.000000482BTC, where it found buyers for a short-term recovery. A correction won't be easy moving ahead as there are many hurdles on the way up. DigitalNote price fell sharply and lost a lot of ground to trade below a key support around 0.00000060BTC. Rejection around 0.00000050BTC? The DigitalNote price collapsed recently and failed to recover after testing our final sell target of 0.00000075BTC. The price continued to....
After a rejection from $2.2 at the start of the weekend, the XRP price is now struggling to regain its momentum. This is especially hard given the fact that the altcoin saw the rejection from a major supply zone, and this has dealt a blow to the bullish momentum. This rejection doesn’t bode well for […]
Bitcoin is once again pressing against the pivotal $80,000 resistance, a level that has repeatedly capped upside attempts in recent price action. The market now finds itself at a decisive moment, where a confirmed breakout could ignite fresh bullish momentum, while failure to push higher may trigger another wave of selling pressure. BTC Tests Critical $80,000 Resistance Zone Bitcoin is currently positioned at a critical technical juncture that demands close attention. According to Cryptorphic, the price is actively testing formidable resistance situated around the $80,000 region. This....
Here's a look at what we are focusing on in the bitcoin price this morning. We asked for action in the bitcoin price, and it’s action we got. Things haven’t been this active on the intraday charts for months, and it finally looks like price might make its way through the elusive 700 mark near term. If it does, we expect a considerable upside momentum run as the shorts are squeezed out of the market and price gains on covering. Whatever happens, the action overnight gave us plenty to go at, and we managed to get in and out of the markets according to the rules of our intraday strategy on a....