Bitcoin fights for support as BTC price loses $46K yearly open
BTC price breaking out of its established trading range is proving harder than expected. Bitcoin (BTC) showed signs of recovery from an overnight rout on April 1 after the Ides of March caught up with bulls at the last minute.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin faces "pivotal" momentData from Cointelegraph Markets Pro and TradingView showed BTC/USD passing $45,500 on April 1's Wall Street open.The pair had dipped to near $44,000 into the March monthly close, the pullback fuelled by a combination of macro factors and actions by large-volume wallets.European....
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Bitcoin price action seems willing to consolidate recent gains, with the yearly open still viewed as the crucial level to maintain. Bitcoin (BTC) hinted at a welcome retracement overnight into March 30 after relentless upside failed to flip $48,000 to support.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewTrader: BTC still on target to crack $50,000Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping to $46,572 on Bitstamp as Wednesday began — its lowest since March 27.A susbequent rebound alleviated some of the losses, and at the time of writing, the pair....
Crypto analyst MadWhale has raised the possibility of the XRP price experiencing a breakdown below the crucial $2 support level. The analyst also revealed the next major support if XRP drops below this support level. XRP Price Could Drop To $1.90 If It Loses $2 Support In a TradingView post, MadWhale predicted that the XRP price could drop to the major support at $1.90 if it loses the psychological $2 level. He noted that XRP has demonstrated a classic triple-top formation, with each successive peak showing weaker momentum. In line with this, the analyst asserted that a break below the 42....
Support and resistance aside, it's all about the yearly pivot for Bitcoin price action, says Decentrader's Filbfilb. Bitcoin (BTC) is at a “pivotal” point and faces macro forces that could influence it for “months to come,” fresh research says.In its latest market update on April 8, trading suite Decentrader called for more attention to Bitcoin’s “yearly pivot” price.All eyes on the yearly pivotAfter giving $43,000 support two retests this month, Bitcoin has punctured market sentiment, having reversed direction near $50,000.The move below $46,200 — the opening price for 2022 — was....
Bitcoin price is back below $55,000, unable to keep its bullish momentum it had leading into the Coinbase Global listing. Since then, things have turned down. The fall back below $60,000 has with it also taken the coin below a critical life-saving support level that’s been untouched since late 2020. Bitcoin Loses Life-Saving Support Level, […]
Ethereum started a downside correction from the $746 yearly high against the US Dollar. ETH price is likely to find strong bids near the $684 and $675 support levels. Ethereum traded to a new yearly high at $746 before starting a downside correction. The price is now trading close to $700, but it is above […]