support level

Bitcoin is Poised to Push Towards $14,000 After Posting Bullish Weekly Close

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Time Stamp: August 17, 2020 2:00 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin has continued consolidating within the upper-$11,000 region overnight This extended period of sideways trading has come about despite it facing multiple recent rejections at $12,000 Its inability to break above this level has so far not led it to see any notable near-term downside, with $11,700 becoming a strong level of support This support level was previously a crucial resistance that it was struggling to close above Yesterday marked the first daily – and weekly – close that the cryptocurrency had been able to post above this crucial level

Ethereum Faces a Critical Weekly Close as Bears Shatter Key Support

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Time Stamp: August 16, 2020 3:00 PM - Modified On: May 21, 2021 - Published By:
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Ethereum has been struggling to maintain its momentum ever since it peaked within the $440 region The cryptocurrency is now trading right around a crucial support level that bears were able to shatter overnight Bulls are now moving the reclaim the cryptocurrency’s position above this level Whether or not it can hold above this level as its weekly close fast approaches should provide investors with significant insight into its near-term outlook Analysts are noting that a firm close above this level could allow it to see a sharp and swift

Here’s How High One Trader Expects Bitcoin to Climb Before Forming a Top

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Time Stamp: August 16, 2020 12:00 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin faced yet another $12,000 rejection yesterday that caused the cryptocurrency’s price to reel down towards $11,700 This level appears to have been established as support, as buyers ardently defended against any break below it It now appears that the crypto’s short-term technical outlook remains unchanged, as BTC is still consolidating within the upper-$11,000 region As for where it may go next, one analyst explained that he is looking towards $13,000 as a near-term target He does note that the visit to this level may mark a mid-term top for

Bitcoin Could Retrace to $9,000 if it Breaks Below This One Key Level

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Time Stamp: August 12, 2020 7:00 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin is now hovering within the mid-$11,000 region following the intense bout of selling pressure it witnessed yesterday The decline beneath $11,200 was quickly absorbed by bulls, although BTC remains in a somewhat precarious position One analyst is pointing to massive support just below where the crypto is currently trading as a bullish factor That being said, other traders are cautioning that BTC is getting closer to a key level that could lead the crypto down to $9,000 if it is broken below Bitcoin and the aggregated cryptocurrency market is

Ethereum Reaches a Turning Point; Here’s What Could Reverse Its Uptrend

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Time Stamp: August 10, 2020 4:00 PM - Modified On: May 21, 2021 - Published By:
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Ethereum has been consolidating alongside Bitcoin throughout the past several days, struggling to break above the heavy resistance that has been formed at $400 This consolidation phase has offered little insight into the cryptocurrency’s near-term outlook Analysts are now noting that ETH may be well-positioned to see significant upside in the short-term One trader is noting that there is one level that could invalidate this strength, but it remains unclear as to whether or not it will be tested anytime soon Ethereum and the entire cryptocurrency market is currently witnessing

Ethereum is Showing Early Signs of Weakness; Is the Top in?

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Time Stamp: August 7, 2020 4:00 PM - Modified On: May 21, 2021 - Published By:
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Ethereum, like Bitcoin, is facing a bout of consolidation as it trades below its crucial near-term resistance This level has held strong throughout the past several days, and each attempt to break above $400 has been met with an influx of selling pressure One result of this consolidation phase has been the emergence of multiple bearish signals that all point to imminent downside Analysts believe that unless ETH gains ground against BTC, it could be forming a local top on its USD trading pair This could mean significant downside is

Here’s Why One Analyst Expects Ethereum to Tap $275 Before Pushing Any Higher

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Time Stamp: August 6, 2020 4:00 PM - Modified On: May 21, 2021 - Published By:
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Ethereum has been struggling to break above $400 for the past several days The selling pressure here is quite significant, and a sustained break above this level would be a highly bullish technical development Because ETH has been consolidating just below it throughout the past few days, bulls may be gearing up for a major push higher Despite being technically strong, one analyst is still expecting the cryptocurrency to see another “scam wick” that leads it into the upper-$200 region He believes this will be necessary for trapping more shorts

Here’s Why Traders are Growing Cautious About Ethereum’s Uptrend

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Time Stamp: August 4, 2020 4:00 PM - Modified On: May 21, 2021 - Published By:
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Ethereum has witnessed some incredibly mixed price action throughout the past few weeks After rallying up to highs of $415, it has been struggling to recapture this momentum as it largely trades below $400 Yesterday, ETH bulls pushed it to this key level before facing a massive influx of selling pressure that forced it lower It is now trading around its daily lows as bulls struggle to gain further momentum This has led one analyst to note that further downside could be imminent in the near-term Ethereum has seen some

Bitcoin Holds Above Crucial “Ichimoku Cloud” as Analysts Remain Optimistic

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Time Stamp: August 3, 2020 7:00 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin has entered a consolidation phase within the lower-$11,000 region This comes shortly after bears stepped up and catalyzed a swift rejection at $12,000 this past weekend The cryptocurrency is now flashing some signs of weakness as it hovers above its key support at $11,000 Bulls have been able to hold it above multiple crucial levels throughout the past couple of days This is leading some traders to remain firmly bullish on the benchmark cryptocurrency’s near-term outlook. Bitcoin and the aggregated cryptocurrency market are currently consolidating after bearing witness to

$500M Liquidated: Bitcoin Slides to Crucial Level Following Overnight Volatility

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Time Stamp: August 2, 2020 12:00 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin bore witness to some intense overnight volatility that came about after it hit highs of $12,000 From this point, the cryptocurrency decline to lows of $11,000 before finding some strong support Despite buyers protecting this level, its inability to post any type of strong bounce here does seem to be a negative sign for the cryptocurrency The sharp cliff formed as a result of the overnight selloff also led to massive liquidations amongst buyers Despite the blow this struck to BTC’s market structure, some analysts remain bullish, noting that