Bitcoin And Ethereum Defend Key Moving Averages – Bullish Signal Or Temporary...
Bitcoin has faced renewed volatility since late May, with the market retracing from recent highs and injecting a fresh dose of uncertainty across the board. While price action has cooled, BTC continues to hold above key levels that bulls are watching closely. The broader sentiment remains fragile, and many investors are on edge, unsure if this is a healthy pause or a setup for deeper downside. Related Reading: Solana Key Indicator Flashes Buy Signal On Daily Chart – Rally Ahead? Analysts are calling for a decisive move above the all-time high to confirm trend continuation, but so far,....
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The MACD indicator hints at a potential bullish crossover as Bitcoin’s price retests $40,000 as support. A crossover between two Bitcoin (BTC) moving averages that appeared before the 2020 price boom is hinting at making a return in 2021, just as the flagship cryptocurrency eyes a bullish breakout from its current $30,000–$40,000 trading range.The indicators in focus are the MACD Line and Signal Line. MACD is an acronym for Moving Average Convergence Divergence, and a MACD Line represents the difference between the 12- and 26-period moving averages. Meanwhile, a Signal Line is a....
Ethereum continues on its upward journey although not without its fair share of bumps along the way. Nevertheless, the digital asset still remains one of the most promising in the crypto space and has demonstrated that with its recent recovery. But even after successfully landing above $3,000, the cryptocurrency still remains a long way from its all-time high of almost $5,000. However, the long-term indicators paint a favorable picture for Ethereum. Beating Moving Averages For the longest time following the December crash, the price of Ethereum had traded below important moving averages....
Litecoin (LTC) is showing strength as it holds onto its ascending trendline, maintaining bullish momentum. After holding above the $112–$115 demand zone, buyers continue to defend key support levels, positioning the market for further upside. With immediate targets around $120–$125, a breakout above this range could clear the path toward the highly anticipated $135 mark. Litecoin Technical Alignment Signals Strong Bullish Case In a recent X post, Alpha Crypto Signal, a cryptocurrency market analysis group, has noted that LTC is exhibiting a robust and healthy structure, indicating a....
Ethereum Price Key Highlights. Ethereum price seems to be on the verge of a reversal after breaking above a short-term descending trend line last week. A complex inverse head and shoulders pattern has formed on the 1-hour time frame, indicating that an uptrend is in the cards. Ethereum price appears to have broken above the neckline of the inverse head and shoulders formation, confirming that more gains are likely. Upward moving averages crossover. Price moved past the 0.00220BTC level and has since pulled back to the broken neckline, which might now hold as support. The moving averages....
Bitcoin Price Key Highlights. Bitcoin price has slowly been gaining ground against the U. S. dollar, thanks to weaker expectations of a Fed interest rate hike before the end of the year. Price is moving inside an ascending channel forming on the longer-term time frames, suggesting that bullish momentum is just getting started. Bitcoin price is stalling at an area of interest near the moving averages but might be able to sustain its upside momentum after bouncing off the channel support. Resistance at $280. Price is currently testing resistance near $280, as this lines up with the dynamic....