Bitcoin Falls To Decisive Line At $21,500, What Levels Should BTC Hold?
Bitcoin hangs by a thread as an increase in selling pressures sends major cryptocurrencies back to critical support levels. The number one crypto could return to the bottom of its current range If bulls are unable to step in and push back on this fresh bearish assault. Related Reading: TA- Price Of Ethereum Struggles To Hold $1,700, Are Bears Taking Over? At the time of writing, Bitcoin’s (BTC) price trades at $21,400 with a 9% loss and an 11% loss in the last 24 hours and 7 days, respectively. Ethereum continues to outperform BTC’s price as it has been able to hold on to part of the....
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Bitcoin price could be due for another steady drop if the trend line and Fibonacci retracement levels hold as resistance. Applying the Fibonacci retracement tool on the latest swing high and low shows these resistance levels: 50% Fib at $411.66 and 61.8% Fib at $418.72, which is close to the trend line at $420. In addition, the 200 SMA could hold as a dynamic inflection point, keeping gains in check and allowing the selloff to resume as this lines up with an area of interest or former short-term support zone.
Litecoin falls 1.47 percent to $3.075 after kissing the resistance at $3.130. In the previous Litecoin price technical analysis, we said that Litecoin could leapfrog to higher levels on consistent support from the buyers, but what we have got instead is a bout of profit booking which once pulled down the price to an intraday low of $3.050. But can this decline prove fatal to Litecoin? Will the crucial support of $3.000 be breached? Let us try to find that out by conducting a technical analysis on the daily LTC-USD price chart. Litecoin Chart Structure - As can be seen, the higher top,....
CPI inflation data exceeded market expectations, maintaining a near 40-year high of 8.3% as bitcoin falls below its $30,000 line of support.
MATIC is on the verge of hitting its local bottom of $1.21, as the market has lost three days in a row. In fact, it was only 11.4% away from the aforementioned level at the time of publication. On Tuesday, the price of Polygon (MATIC) moves in a narrow range. Since February 16, MATIC has been on a steady downward trend, with a 35 percent drop. The creation of a triple bottom near $1.40 signals that the present trend will be reversed. MATIC Falls Close To Bottom MATIC/USD is now trading at $1.42, down 0.31% on the day. The 16th most valuable cryptocurrency by market capitalization had a....
Ethereum Price Key Highlights. Ethereum's price is still in the middle of its corrective wave, pulling up from its latest dive from 0.0024 to 0.0018 BTC. Applying the Fibonacci retracement tool on the latest swing high and low shows confluence in some of the levels, which might be strong enough to hold as resistance. Ethereum's price could resume its selloff once the Fibonacci levels are able to hold as resistance and keep further gains in check. Line in the Sand. At the moment, Ethereum's price appears to be moving past the 38.2% Fibonacci retracement level at 0.00205 BTC, making its way....