Don’t Celebrate Bitcoin Yet: The Trend Is Still Bearish, And This Is Why
Bitcoin’s brief rally above $75,000 this week led to bullish optimism in some corners of the crypto market, but technical analysis shows the trend might still be bearish. A close look at BTC’s daily and weekly charts tells a more sobering story, one that shows that the crypto king might continue on a lower correction […]
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Phemex & Banxa: Partners That Pack a Punch With Russia Day around the corner, crypto exchange Phemex and global fiat payment partner Banxa are looking to give crypto purchases a new way to celebrate. The global holiday that has been a long-time celebration for citizens of the Russian Federation is on June 12th. To celebrate, […]
Key Highlights. Dogecoin price weakened Intraday, as forecasted recently, but there was a sharp reaction around 68.0. A bearish trend line as highlighted yesterday is acting as a resistance for more upsides. A failure to break the stated trend line might ignite a down-move in the near term. Dogecoin price was completely rejected around 68.0 Satoshis, but the bearish trend line holds the key moving ahead. Trend Line as Pivot. Dogecoin dived Intraday after a rejection around an important bearish trend line on the hourly chart. The price cleared a monster support area of 70.0 Satoshis to....
Ethereum price remained under pressure against the US Dollar as there was an increase in seller’s strength, taking the price below $10.00. Key Highlights. Ethereum price continued to tumble against the US Dollar, as there was a nasty decline in ETH/USD. Yesterday’s highlighted bearish trend lines on the hourly chart (data feed via Kraken) of ETH/USD played well in pushing the pair down. I remain bearish in the short term on ETH/USD as long as I don’t see good signs of a reversal. Ethereum Price Collapse. Ethereum price ETH tumbled further yesterday, and my view of additional declines paid....
People from all over the world are planning on buying $30 worth of bitcoin to celebrate El Salvador making it legal tender.
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