Tag Archives: Move

Ethereum Price Analysis: ETH Relatively Muted, Next Move Finally Coming?

Ethereum Price Analysis: ETH Relatively Muted, Next Move Finally Coming?

ETH price revisited the $114 support area and later moved higher against the US Dollar. Yesterday’s highlighted declining channel is intact with resistance near $117 on the hourly chart of ETH/USD (data feed via Kraken). The pair may soon make the next move either above the $118-119 resistance or below the $114 support. Ethereum price is confined in a tight range against the US Dollar and bitcoin. ETH/USD is likely setting up for a major move in the coming sessions either above $120 or below $114. Ethereum […]

Read More...

Bitcoin Price Watch: BTC Could Make a Sustained Move Higher

Bitcoin Price Weekly Analysis: BTC Could Accelerate Gains Above $3,850

Bitcoin price traded higher and broke the $3,550 resistance level against the US Dollar. There is a connecting bullish trend line formed with support at $3,545 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is showing positive signs above the $3,545 level, but it must break the $3,585 resistance. Bitcoin price is slowly moving higher with positive signs against the US Dollar. BTC needs to overcome sellers near $3,580 and $3,600 for a sustained move higher in the near term. Bitcoin […]

Read More...

Bitcoin (BTC) Could Be Gearing up For a Big Move as Sideways Trading Persists

Bitcoin (BTC) Could Be Gearing up For a Big Move as Sideways Trading Persists

Over the past several days Bitcoin (BTC) has seen an extended period of sideways trading within an extremely tight trading range between approximately $3,550 and $3,650. Although this lack of volatility may be welcomed by investors who are tired of the cryptocurrency’s frequent price movements, historically involatile price action leads to a massive price movement in one direction or another. Bitcoin Stable Around $3,600 At the time of writing, Bitcoin is trading up nominally at its current price of $3,600. Last Sunday, BTC dropped from $3,750 to […]

Read More...

As Bitcoin Enters its Longest-Ever Bear Market, Analysts Expect BTC to Make a Large Move in Near-Future

As Bitcoin Enters its Longest-Ever Bear Market, Analysts Expect BTC to Make a Large Move in Near-Future

After experiencing increased levels of volatility last week, Bitcoin (BTC) endured the weekend without any major price moves and has so far experienced a relatively involatile Monday. Recently, Bitcoin entered its longest-ever bear market, and investors and analysts alike are keen on speculating on when it will finally reach a price point with enough buying pressure to reverse its current trend. According to one prominent cryptocurrency analyst, Bitcoin is now nearing its seventh major triangle formation since its crash first began in late-2017, which means it could […]

Read More...

Analyst: Bitcoin (BTC) May be Gearing up for a Large Price Move as Volatility Plunges

Analyst: Bitcoin (BTC) May be Gearing up for a Large Price Move as Volatility Plunges

Ever since Bitcoin (BTC) dropped below its previous support level of $3,550 last week, the cryptocurrency has been experiencing a bout of sideways trading at its current price levels. Bitcoin’s recent price action seems to confirm $3,500 as a new level of resistance, but it has also established $3,400 as a level of support that has held over the past couple of weeks. Although Bitcoin has been trading flat recently, multiple analysts expect it to see a large price swing in the near future, as the charts […]

Read More...

Bitcoin Price Watch: BTC Could Make a Sustained Move Lower

Bitcoin Price Watch: BTC Could Extend Decline To $3.2K-3.0K

Bitcoin price extended losses and traded below the $3,400 and $3,375 supports against the US Dollar. There was a break below a major bullish trend line with support at $3,405 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is trading with a bearish bias and it could extend declines below $3,350 and $3,320. Bitcoin price failed to stay above $3,400 and extended decline against the US Dollar. BTC price broke the $3,375 support, opening the doors for more losses below the […]

Read More...

Bitcoin (BTC) Holds Steady Above $3,600, May Still Have Fuel to Move Higher in Near Future

As Bitcoin Enters its Longest-Ever Bear Market, Analysts Expect BTC to Make a Large Move in Near-Future

Bitcoin (BTC) has held steady above $3,600 after yesterday’s upwards surge that sent it climbing from lows of $3,400 to highs of $3,700. Although often times these upwards price movements are typically followed by a cool-off period that results in Bitcoin surrendering a portion of its gains, BTC has held steady at its current price levels. Now, analysts claim that Bitcoin may still have further room to climb, as many technical indicators are beginning to turn bullish following yesterday’s price surge. Bitcoin (BTC) Stable Above $3,600 At […]

Read More...

Analyst: Bitcoin Holding $3,550 Means “Next Strong Move” is Building

Analyst: Bitcoin Holding $3,550 Means "Next Strong Move" is Building

Ever since Bitcoin (BTC) suddenly ran on February 8th, posting a jaw-dropping performance that came straight out of left field, the broader crypto market has entered a lull. While there have been a few notable movers, like Binance Coin (BNB), the broader digital asset class has all but stopped moving. Price action has effectively come to a standstill. This has left many asking, what’s next for the cryptocurrency market? While one analyst couldn’t give a definitive answer on whether BTC will move higher or lower, he argues […]

Read More...