Bitcoin declined towards the USD 3,350 level recently, where buyers emerged. Later, BTC/USD started a short term upside correction and moved above the USD 3,385 and USD 3,400 levels. However, there are many hurdles for buyers near the USD 3,460 and USD 3,500 levels. Therefore, a short term rebound is likely to face resistance near […]
This week, we saw a downside extension in bitcoin and altcoins. BTC/USD broke the USD 10,000 and USD 9,800 support levels. However, the USD 9,500 level acted as a decent support, resulting in the start of an upside correction. The price gained nearly 5% in the past three sessions and even settled above the USD […]
Recently, bitcoin price extended its decline below the USD 6,550 support area. However, losses were limited and BTC/USD bounced back sharply after tagging the USD 6,500 area. It is now trading above USD 6,850 and attempting another upside break above the USD 7,200 resistance. Similarly, most major altcoins are reversing losses and showing positive signs […]
In the past few sessions, there was a steady recovery in bitcoin and altcoins. BTC/USD broke a few important resistances near the USD 9,800 and USD 10,000 levels. However, the price struggled to surpass the next key resistance region near the USD 10,150 and USD 10,200 levels. Similarly, there was an upside extension in ethereum, […]
In the past three sessions, bitcoin price mostly traded in a broad range above the main USD 7,650 support area. BTC/USD climbed above the USD 7,800 and USD 7,900 levels, but it struggled to gain momentum above the USD 8,050 resistance area. Ethereum price is also trading in a range (08:10 UTC,) with a few […]