Bitcoin Price Rejection Sparks Bearish Pressure—Support Under Threat?
Bitcoin price attempted to start a fresh increase but failed at $90,000. BTC is now consolidating and might struggle to clear the $88,000 zone. Bitcoin started a fresh decline below the $87,000 zone. The price is trading below $87,500 and the 100 hourly Simple moving average. There was a break below a bullish trend line with support at $86,450 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move up if it settles above the $87,500 zone. Bitcoin Price Consolidates Losses Bitcoin price attempted a fresh surge above $88,000 and $88,500. BTC tested....
Related News
The recent Ethereum price rejection that pushed it back below the $4,000 level has created a concerning trend that could send the price spiraling. The major point of interest lies at the 0.618 Fibonacci retracement level, where the last rejection occurred. Given this, it is likely that the Ethereum price could see more declines in the coming days, although there is still the possibility of the bulls taking over and invalidating the entire bearish setup. Ethereum Price Is Showing A Lot Of Weakness The rejection from the 0.618 Fibonacci retracement level marked the start of the decline from....
The Bitcoin price is once again under heavy pressure in the market. An analyst has warned that the coin shows strong bearish signs after being rejected at a resistance level. The price has now fallen to a critical support area, where buyers are trying to hold the line. According to the analyst, if the level fails, the price could drop even lower, raising doubts about whether the key levels will remain safe. Analyst Says Bitcoin Price Turned Bearish After $121,000 Rejection The analyst explained that the bearish trend began when Bitcoin strongly rejected the $121,000 resistance level.....
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....
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 […]
The price of Bitcoin Cash (BCH) has sparked a glimpse of hope against Tether (USDT) as it attempts to flip key resistance with eyes set on $200. The price of Bitcoin Cash in recent weeks has been more gloomy as many altcoins rallied and produced gains of double digits while BCH continues to range. (Data from Binance) Related Reading: TA: Ethereum Could Recover To $1,800 If It Clears This Key Resistance Bitcoin Cash (BCH) Price Analysis On The Weekly Chart From the chart, the price of BCH saw a weekly low of $112, which bounced from that area and rallied to a price of $130 after showing....