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 been pronounced as a … [Read more...] about Bitcoin toys with $60K as crucial price support level sees multiple retests
retests
Bitcoin retests support, with trader forecasting BTC price dip to $55K
Bitcoin (BTC) denied bulls their big break on Nov. 4 as sideways action dragged the market ever closer to $60,000.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC hodlers in “buy the dip” modeData from Cointelegraph Markets Pro and TradingView showed BTC/USD back below $62,000 at 8 am UTC.The pair saw a difficult 24 hours after hitting local highs above $64,000, … [Read more...] about Bitcoin retests support, with trader forecasting BTC price dip to $55K
Bitcoin retests $37K support, gold and stocks drop lower over Fed comments
Bitcoin (BTC) price dropped another notch to $37,365 today after a failed attempt by bulls to retake the $40,000 level. The renewed slump comes as the stock market and commodities also pulled back as a result of Federal Reserve Chair Jerome Powell’s comments related to future interest rate hikes and concerns over rising inflation which led to pdeclines for both Bitcoin and … [Read more...] about Bitcoin retests $37K support, gold and stocks drop lower over Fed comments
Bitcoin Retests Key Support Level as $53k Threshold Looms
Bitcoin has dropped to $53,800, with the technical outlook suggesting further declines to lows of $51,540 seen on 18 April The price of Bitcoin is hovering around $53,657 as of writing, with bulls battling for control amid sell-off pressure. The benchmark crypto asset is down 3.2% and nearly 15% over the past 24-hour and 7-day time frames respectively. Despite attempts for a … [Read more...] about Bitcoin Retests Key Support Level as $53k Threshold Looms
Ethereum price retests $1,850: Here’s what ETH could do next
Ethereum price trades around $1,820 as it turns green and a breakout could see it reach a new all-time high above $2,000 Ethereum has rallied higher over the past 24 hours, breaking above $1,800 and extending intraday gains to touch highs above the $1,850 resistance level on some exchanges (ETH/USD reached $1,858 on Binance). After a slight retreat to the support level at … [Read more...] about Ethereum price retests $1,850: Here’s what ETH could do next