Bitcoin Price Trims Gains, But Uptrend Still Holds Strong
Bitcoin price started a strong increase above the $70,500 zone. BTC is consolidating gains and might aim for more gains above the $71,650 zone. Bitcoin gained pace for a move above the $70,500 and $71,500 levels. The price is trading above $70,200 and the 100 hourly simple moving average. There is a new bullish flag pattern forming with resistance at $71,650 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might extend gains if it stays above the $70,250 and $69,500 levels. Bitcoin Price Holds Support Bitcoin price managed to climb higher above the $69,500....
Related News
Bitcoin Price Key Highlights. Bitcoin price came close to the $300 mark in its stellar rally towards the end of the previous week. Price made a large correction after the strong climb, as buyers are garnering more energy for sustained gains past the recent highs. Bitcoin price is on a steady uptrend on its 1-hour time frame and is pulling back to a rising trend line support area. 100 SMA Support. Aside from finding support at the ascending trend line, bitcoin price is also propped up by the 100 SMA. This short-term moving average is above the longer-term 200 SMA, indicating that the....
Bitcoin is now trading at the highest price seen in well over a year, with bulls aiming for $13,000 as its strong uptrend gains momentum Today, news regarding PayPal’s foray into the crypto market provided the benchmark cryptocurrency with a serious boost Its price surged all the way up to highs of nearly $12,500 before meeting some resistance, but it does appear to be poised for further gains This recent uptrend has come about in […]
Ethereum started a downside correction after trading to a new all-time high at $1,480 against the US Dollar. ETH price is currently approaching the $1,300 and $1,275 support levels. Ethereum started a fresh downside correction from the $1,480 resistance zone. The price is down around 10%, and it is trading close to the 100 hourly […]
Ethereum corrected gains from the $2,640 zone against the US Dollar. ETH price is now trading above a major support at $2,500 and the 100 hourly SMA. Ethereum failed to clear $2,650 and started a downside correction. The price is now trading above $2,500 and the 100 hourly simple moving average. There is a key […]
Ethereum traded to a new all-time high near $1,870 before correcting lower against the US Dollar. ETH price is holding gains and it is likely to accelerate higher towards $2,000. ETH price traded in a strong uptrend and climbed above $1,850 lower against the US Dollar. The price is trading nicely above the $1,750 level […]