Cryptocurrency Analysis and News Portal
Mumbai-based crypto asset management company, MintingM, said that the cryptocurrency is still in a clear uptrend, making higher highs and higher lows on the daily time frame. As seen in the chart below, the upward or bullish channel, representing higher highs and higher lows, can be identified by trendlines connecting
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Bitcoin retested the $55,500 support zone against the US Dollar. BTC is recovering, but it could face a strong selling interest near $57,500 in the near term. Bitcoin settled below the key $58,000 and $57,500 resistance levels. The price is now trading below $57,500 and the 100 hourly simple moving average. There is
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Bitcoin (BTC) buyers remained active over the weekend, although upside was limited around the $60,000 resistance level.The cryptocurrency continues to consolidate, with pullbacks limited toward $53,000 support.Intraday chart signals are neutral, suggesting the current loss of momentum could continue into the Asian trading session. Buyers will need to defend immediate
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Bitcoin’s (BTC) recent foray back below $56,000 sparked a wide-ranging sell-off across the cryptocurrency ecosystem and talks of the price hitting $100,000 by the end of the year quickly morphed into concerns about an impending bear market that could thrust prices into the doldrums for a year or longer. While there appeared
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Bitcoin (BTC) is stabilizing after a near 10% decline over the past week. The cryptocurrency is holding initial support above $56,000, although resistance around $65,000 could limit further upside over the short-term.The relative strength index (RSI) is oversold on intraday charts, which could encourage brief buying activity. On the daily
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Bitcoin’s price retreat came amid a broad sell-off in cryptocurrency markets, with most members of the CoinDesk 20 digital assets trading in the red. Ether, the native cryptocurrency of the Ethereum blockchain and the second-largest overall, was down 4.2% over the past 24 hours, slipping below the key psychological level
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Bitcoin (BTC) is stabilizing around the $60,000 support level after declining about 15% from an all-time high near $69,000.The cryptocurrency is roughly flat over the past 24 hours and could see further upside toward the $63,000-$65,000 resistance zone.Both the 50-day and 100-day moving averages are sloping upward, indicating a positive
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Bitcoin (BTC) bounced at the pivotal $58,400 during Nov. 17 as the day continued choppy price action. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewAnalyst: This isn’t the “real” bear marketData from Cointelegraph Markets Pro and TradingView showed BTC/USD abruptly reversing after its fourth wick below $59,000 in 24 hours.The $58,400 level had
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Bitcoin (BTC) is down about 5% over the past 24 hours after sellers gained control around the $65,000 resistance level. The cryptocurrency is stabilizing around $60,000 support and appears to be oversold on intraday charts.For now, short-term indicators suggest limited downside into Asian trading hours. For example, the relative strength
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Bitcoin fell below $60,000 during mid-European hours, before press time, extending early weakness. Analysts said a pullback was expected and has normalized the elevated funding rates or costs associated with holding long positions in the perpetual futures market. Original Source
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