Bitcoin (BTC) sellers remain active despite signs of short-term support on the charts. The cryptocurrency was trading around its 200-day moving average, currently at $46,000, and is roughly flat over the past week. Upside appears to be limited given strong resistance between $50,000-$55,000.On the daily chart, bitcoin registered a downside exhaustion signal, which suggests a … [Read more...] about Bitcoin Limited to $50K-$55K Resistance as Momentum Slows
Momentum
Bitcoin Drops Below $56K as Momentum Slows; Support Around $53K
Bitcoin (BTC) sellers were active on Friday, pushing the cryptocurrency toward the bottom of its weeklong price range. Lower support near $53,000 could stabilize the current pullback.BTC was trading around $55,000 at press time and is down about 2% over the past 24 hours.Upside momentum is starting to slow on the daily and weekly price charts, which means upside could be … [Read more...] about Bitcoin Drops Below $56K as Momentum Slows; Support Around $53K
Bitcoin Returns Above $58K as Momentum Improves
Price momentum is starting to recover on the daily chart, which suggests buyers could remain active into the Asia trading day. Additionally, the relative strength index (RSI) on the daily chart is near oversold levels similar to what occurred in late September, which preceded a price rally. Source link … [Read more...] about Bitcoin Returns Above $58K as Momentum Improves
Why Digital Asset Adoption in Commerce Is Gaining Momentum
● In digital asset commerce, transactions operate as a “push” from the customer to the merchant. The Coinbase Commerce API creates a unique charge to identify the transaction and wait on payment. The customer then performs the transaction on the blockchain, where it is detected by Coinbase in the merchant address. Coinbase’s turnkey API gives merchants the opportunity to manage … [Read more...] about Why Digital Asset Adoption in Commerce Is Gaining Momentum
Ether price hits 2-week high as London hard fork momentum builds
Ether’s (ETH) $230 million options expiry on Friday appears to have shifted market sentiment in favor of the bulls, at least momentarily, as investors remain cautiously optimistic about the upcoming London hard fork and the prospect that Bitcoin (BTC) has established a firm bottom. ETH price updateETH rose more than 6.5% to $2,370 on Sunday, the highest in over two weeks, … [Read more...] about Ether price hits 2-week high as London hard fork momentum builds