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Bitcoin is trading above the $9,150 support against the US Dollar. BTC seems to be preparing for a major increase if it succeeds in clearing the $9,200 resistance zone.Bitcoin is still struggling to settle above the $9,200 and $9,220 resistance levels.The price is currently trading above the $9,150 support and
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Ripple is still trading above the $0.1920 support zone against the US Dollar. XRP price seems to be following a bullish flag pattern and it could rally above $0.2100. Ripple price is showing positive signs above the $0.1920 and $0.1900 support levels against the US dollar. The price is trading near the
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Bitcoin appears to be in a somewhat precarious position, as a few technical factors are currently suggesting that it may soon see some notable near-term downside. One such technical factor suggesting that the crypto is poised to see notable near-term downside can be seen while looking towards a fractal pattern it
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Ethereum has been closely tracking Bitcoin’s price action throughout the past several days and weeks. This has made it exposed to some near-term downside, as BTC is currently sitting just a hair above the lower boundary of its long-held trading range between $9,000 and $10,000. It appears that ETH has been forming
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Ripple started a downside correction from the $0.2110 resistance region against the US Dollar. XRP price seems to be following a bullish flag pattern and it could resume its rally above $0.2000 and $0.2100.Ripple price is correcting lower from the $0.2118 swing high against the US dollar.The price is trading
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Bitcoin is facing an uphill task near $9,300 and $9,400 against the US Dollar. BTC seems to be preparing for the next big move either above $9,400 or below $9,000.Bitcoin is stuck in a broad range above the $9,120 support zone.The price is struggling to clear the $9,300 and $9,400
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Even taking Bitcoin’s Monday pump from $9,000 to $9,400 into account, the cryptocurrency is still in a macro consolidation.Some traders have joked that considering the length of BTC’s consolidation already, it could go on for months longer. One trader, in fact, postulated that it may be until late-Q3 or Q4
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Despite seeing a swift rebound, Bitcoin bears were able to push the cryptocurrency below its crucial $9,000 support just minutes ago.This breakdown has come about following a recent rejection posted by the crypto at $9,300, which appears to have become a resistance level.The latest decline below $9,000 indicates that the
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Bitcoin has come closer to forming a dreaded Wall Street chart pattern: the Death Cross.The bearish technical indicator materializes when an asset’s long-term moving average crosses above its short-term moving average.Its occurrence on Bitcoin daily chart in March 2020 led to a 55 percent price crash.A “death cross” pattern is
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It’s clear that Bitcoin is building towards a breakout. The cryptocurrency has converged towards supports in low-$9,000s, with volatility reaching multi-week and multi-month lows.Unfortunately for bulls, a textbook chart pattern is predicting that Bitcoin will break lower from this range, likely to fall towards the $8,000s.Related Reading: BTC Hash Rate Recovers
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