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Last night’s Bitcoin monthly April candle closed as a bullish engulfing, often considered a reversal candle by traders and analysts.Bulls must beware, however, as one of the most respected top technical analysts recommends not trading this setup when the primary trend is down, as more often than not it leads
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Ethereum is trading in a bullish zone above the $195 level against the US Dollar. ETH will most likely clear the $200 resistance for a run towards the $220 level.Ethereum is showing a lot of positive signs above the $195 support zone.The price is currently attempting an upside break above
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Bitcoin is up 2% and it broke the $7,600 resistance area against the US Dollar. However, BTC price is likely to face a strong resistance near $8,000 in the near term.Bitcoin is showing signs of exhaustion above $7,500 and $7,600 against the US Dollar.The bears are likely to put a
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Bitcoin undergoes an intraday bounce after testing its long-term support.The recovery follows a deeper downside move earlier this week in the wake of the US oil market’s historic crash.President Donald Trump insists on saving the crude industry via another bailout.Bitcoin rebounded higher Wednesday as the Donald Trump administration discussed the
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Bitcoin failed to surpass the $7,200 resistance and declined below $7,000 against the US Dollar. BTC price is showing a few bearish signs, but the bulls are likely to protect $6,555.Bitcoin is declining and trading below the $7,000 support zone against the US Dollar.It is testing a major support near
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Bitcoin (BTC) Bitcoin price closed the week at $7,126 with highs of $7,306 and lows of $7,472. This represented a gain of 3.16% and a fifth consecutive week of buying pressure since the sharp drop into $3,000s, which was quickly rejected.Bitcoin has begun the week with a sell-off, with prices
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It's been another bullish week for Bitcoin (BTC) as the price surged past the critical $7,200 resistance, as mentioned in last week's analysis, all the way to $7,300.However, the price has corrected slightly and is now sitting just below $7,200. So was this the local top? Or has the leading
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In brief: In a previous analysis of ETH/USDT, we had identified $148 as a solid support zone. ETH/USDT tested this support zone twice, bouncing off of it on the 16th of April. ETH/USDT is currently valued at $170 and looks set to continue on its upward trajectory towards $200. With the Bitcoin (BTC) halving
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Bitcoin could move higher in the medium-term as one of its key technical indicators turns bullish for the first time since February.Dubbed as Golden Cross, the bullish breakout pattern forms when an asset’s short-term moving average closes above its long-term moving average. Bitcoin on Tuesday painted the same pattern on
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Bitcoin (BTC) price has gained more than 10% in the last week, giving bulls some hope that the road ahead is a bright one for the leading digital asset.However, despite an effort to blast through the critical resistance level of $7,200 as mentioned in last week’s analysis, there was
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