Bitcoin Surges to Key Resistance as Analysts Eye a Move to $16,200
Bitcoin’s price has been consolidating below its crucial $13,800 resistance over the past week, but bulls are once again in the process of testing this level The upcoming election results are widely thought to be a force that could contribute to some BTC volatility This possibility is vindicated by the massive inflows of high-leverage orders […]
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As bitcoin surges, bullish analysts (and greedy traders) see few stopping points before prices challenge the all-time-high near $20K.
Bitcoin price started a strong upward move above the $35,000 resistance against the US Dollar. BTC is showing positive signs and it could rally further above $40,000. Bitcoin started a strong increase above the $33,000 and $35,000 resistance levels. The price is now trading well above $35,000 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $35,500 with resistance near $31,250 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could correct gains, but the bulls are likely to remain active near $37,000. Bitcoin....
Ethereum price started a fresh increase above $3,120. ETH is now attempting to clear the $3,250 resistance and might accelerate higher. Ethereum started a fresh increase above the $3,000 and $3,120 levels. The price is trading above $3,150 and the 100-hourly Simple Moving Average. There is a bullish trend line forming with support at $3,120 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it settles above the $3,250 zone. Ethereum Price Eyes More Gains Ethereum price managed to stay above $2,880 and started a fresh increase, like Bitcoin. ETH....
Ethereum price extended gains above $2,250 before it faced sellers. ETH is now correcting gains and might find bids near the $2,165 zone. Ethereum started a decent upward move above the $2,220 zone. The price is trading above $2,200 and the 100-hourly Simple Moving Average. There was a break above a contracting triangle with resistance at $2,150 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it stays above the $2,150 resistance. Ethereum Price Aims For More Gains Ethereum price remained stable above $2,120 and started a decent upward move,....
Bitcoin broke the key $40,000 resistance zone against the US Dollar. BTC is up over 12% and might continue to rise above the $43,000 level. Bitcoin surged above a few key hurdles near the $40,000 resistance zone. The price is trading above $42,000 and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $38,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair has moved into a bullish zone and might accelerate higher towards $45,000. Bitcoin Price Surges Bitcoin price remained in a positive zone above the....