Bitcoin Could See an Epic Short-Squeeze Once This Key Level is Broken
Bitcoin is hovering above its key $19,000 support level following continued rejections at $19,400 The resistance at this level has been holding strong for the past few weeks, with buyers trying and failing on multiple occasions to post a sustained break above it Once broken, the next key resistance region to watch sits between $19,800 and $20,000. A firm break above here could mean that the next leg of BTC’s parabolic rise is imminent One […]
Related News
Bitcoin is officially trading at the highest prices it has ever seen, with today being a monumental day for the cryptocurrency This historical milestone has come about following multiple attempts, and failures, at breaking above $20,000 The eventual break above this level could now spark an epic short-squeeze that liquidates all the $20,000 limit-short orders […]
After beating Wall Street with its short squeeze of GameStop stock, the members of r/wallstreetbets should level up with Bitcoin. The post After GameStop Short Squeeze, r/Wallstreetbets Is Ready For Bitcoin appeared first on Bitcoin Magazine.
As a result of the recent pullback in the cryptocurrency market over the weekend, Ethereum (ETH) has created two Chicago Mercantile Exchange (CME) gaps at $3,000 and $2,600. Crypto analyst Ted suggests that a short squeeze could soon push the price beyond $3,000, potentially filling these two CME gaps. Is An Ethereum Short Squeeze Imminent? […]
A short squeeze could send BTC/USD far beyond $50,000 if the $48,000 sell wall crumbles. Bitcoin (BTC) touched $47,000 on Tuesday as ranging behavior continued to hint at an attack on major resistance.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewVolatility narrows for BitcoinData from Cointelegraph Markets Pro and TradingView showed BTC/USD attempting to exit the $46,000 range on Tuesday after heading lower as the week began.The area between $45,000 and $48,000 has acted as a narrow trading corridor for Bitcoin as it attempts to knock down its last hurdle before $50,000. So....
For the last few days, Ethereum has been adding incredible returns for investors. According to CoinMarketCap, on Monday, ETH added over 16% pushing the coin to a new record of slightly over $3,450. At the time of writing, the coin was trading at around $3,470, a gain of 9.43% over the last 24 hours. Ethereum […]