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Here’s Why Analysts Remain Bullish on Bitcoin Despite Failure at $12k
Bitcoin failed to hold above $12,000 last week after temporarily moving above $12,400. The asset now trades for $11,650, having faced a rejection at the pivotal $12,000 level. BTC’s rejection at that level has made some analysts fear that a strong price drop is incoming. дальше »
2020-8-24 04:00 | |
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Bitcoin’s Weekly Rejection May Lead Price Below $10K; Here’s Why
Bitcoin bulls once again failed to hold the price above $12,000, owing to a higher selling pressure near the level. The benchmark cryptocurrency broke upwards of $12,000 on Monday. The rally exceeded towards $12,486 (data from Coinbase), a level that saw massive liquidations of long positions. дальше »
2020-8-19 14:01 | |
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Bitcoin May Start a New Consolidation Trend After Facing Another $12k Rejection
Bitcoin is currently consolidating beneath $12,000 after facing a slight rejection at this level overnight The cryptocurrency has been struggling to break above this resistance for over a week One analyst is now noting that the resistance here may hold strong for the days to come, with BTC now kicking off a new consolidation phase Once the benchmark digital asset can break above this level, analysts are noting that a move to $13,000 will likely […] дальше »
2020-8-11 02:00 | |
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Here’s Why Traders are Growing Cautious About Bitcoin’s Current Outlook
Bitcoin attempted to shatter its $12,000 resistance yesterday, which ultimately resulted in a rejection that led it down towards $11,700. At this price level, however, buyers stepped up and absorbed the heavy selling pressure, subsequently pushing the benchmark cryptocurrency up towards $11,900 before its momentum began slowing. дальше »
2020-8-10 19:00 | |
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Why One Trader Thinks Bitcoin Will See a $1,000+ Plunge Despite Ongoing Upswing
Bitcoin is currently showing intense signs of technical strength as it races towards $12,000 once again despite the recent rejection at this level The cryptocurrency is now well-positioned to see further upside but remains within a short-term consolidation phase until it shatters this level This uptrend may be bolstered by its break above a previously formed trading range within the lower-$11,000 region One analyst still believes that Bitcoin is at risk of seeing a large […] дальше »
2020-8-6 21:00 | |
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Analyst: Closing Above This Crucial Level Could Catapult Bitcoin to New Highs
Bitcoin appears to have entered a clear consolidation phase as it trades within the lower-$11,000 region Overnight the crypto faced a slight rejection after buyers tried to push it up towards its near-term resistance Buyers were not able to surmount the heavy selling pressure that existed within this region, and the crypto fell back to its support at $11,000 Analysts are now noting that BTC could be just a stone’s throw away from seeing an […] дальше »
2020-8-5 21:00 | |
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Bitcoin Holds Above Crucial “Ichimoku Cloud” as Analysts Remain Optimistic
Bitcoin has entered a consolidation phase within the lower-$11,000 region This comes shortly after bears stepped up and catalyzed a swift rejection at $12,000 this past weekend The cryptocurrency is now flashing some signs of weakness as it hovers above its key support at $11,000 Bulls have been able to hold it above multiple crucial levels throughout the past couple of days This is leading some traders to remain firmly bullish on the benchmark cryptocurrency’s […] дальше »
2020-8-4 02:00 | |
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Eerie Fractal Predicts Bitcoin Will Cross Above $12k Again Very Soon
Bitcoin faced a steep rejection at $12,000 just 24 hours ago. The asset fell by $1,600 in the span of five minutes, liquidating hundreds of millions worth of long positions. Some analysts saw this rejection as a validation of their bearish sentiment. дальше »
2020-8-4 15:00 | |
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Bitcoin Just Hit $10k But It May Rally Higher as More Stimulus Nears
It’s been an explosive past few days for Bitcoin. After starting last week at $9,200, the asset now trades above $9,900. BTC temporarily hit $10,200 on leading exchanges just hours ago. Some fear that the initial rejection at $10,000 is a sign that BTC has room to fall. дальше »
2020-7-27 01:00 | |
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Here’s Why Bitcoin is Poised to Hit $11,500 Following Overnight Rally
Bitcoin and the entire cryptocurrency market witnessed an intense upswing overnight, with BTC and Ethereum outshining altcoins for the first time in many weeks This sharp upwards movement came about suddenly, and for a brief moment allowed Bitcoin to shatter the resistance it previously faced at $10,000 The selling pressure above this level was heavy, however, and caused the cryptocurrency’s price to decline after it hit highs of $10,200 Despite the rejection here, analysts are […] дальше »
2020-7-27 19:00 | |
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IOTA Attempts to Break Through Long-Term Resistance
The IOTA (IOTA) price is trading inside a long-term resistance area, a breakout above which could trigger a rapid increase. However, the price has fallen into a bearish pattern, and technical indicators are showing weakness, making a rejection much more likely. дальше »
2020-7-11 09:56 | |
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Ethereum’s Strength Degrades Following Rejection at $250; What Comes Next
Ethereum has flashed signs of technical weakness overnight following a harsh rejection at $250 This level marked its high-time-frame resistance, and its inability to break above it seems to elucidate underlying weakness amongst its buyers Analysts are noting that it could be poised to continue pushing higher despite this latest setback There is one crucial level that it is trading just a hair above that could invalidate this potential rebound Ethereum has flashed signs of […] дальше »
2020-6-25 23:00 | |
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Ethereum Is Primed to Tumble Towards $200 Unless “Big Buyers” Step In
Trading alongside Bitcoin, Ethereum saw a strong rejection at a crucial resistance this week. For BTC, the rejection came at $10,000; for ETH, the rejection took place just above $250. The cryptocurrency has not plunged from this pivotal level, yet analysts expect Ethereum to retrace upwards of 20% as bulls remain tepid. дальше »
2020-6-15 07:00 | |
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Will Ethereum Breakout Above Yet Another Resistance?
The Ethereum price is approaching a crucial resistance area. A breakout above could trigger very rapid price acceleration. While both a breakout and a rejection remain possible, technical indicators are bullish, so a breakout is more likely. дальше »
2020-6-9 20:00 | |
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Analysts Foresee a Harsh End to Bitcoin’s Uptrend if It Losses $9,350
Analysts believe that the uptrend Bitcoin saw yesterday may soon come to a harsh end following the cryptocurrency’s swift rejection within the upper-$9,000 region This marked yet another rejection at this heavy resistance level, and also points to some underlying weakness amongst the crypto’s buyers A low-time-frame ascending trendline was also broken by this movement, leading analysts to note that the recent rally will soon come to a swift end as BTC hovers above its […] дальше »
2020-5-29 21:00 | |
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Bitcoin’s Outlook is Bright as It Trades Above Key Cloud Formation
Bitcoin appears to have entered a firm consolidation phase within the mid-$9,000 region following the latest rejection at $10,000 In spite of the signs of weakness that BTC has flashed throughout the past several days, it is important to keep in mind that it has sustained above multiple key technical levels It now appears that the cryptocurrency could be well positioned to see further upside, but there is one key resistance level that must be […] дальше »
2020-5-17 22:00 | |
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Bitcoin Hesitates At $9,700, Risking Price Capitulation If Sideways Action Persists
Yesterday Bitcoin unsuccessfully attempted a break above its mid-term resistance of $ $9,800. This position would allow for Bitcoin to finally climb above $10,000. Its rejection at $9,800 was followed by a retracement to the $9,400 support before bouncing back above $9,550. дальше »
2020-5-15 16:12 | |
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It’s “Showtime” for Bitcoin Once it Breaks Above $10,500
Bitcoin incurred some explosive overnight momentum that allowed it to reach to highs of $10,000 before facing a slight rejection The cryptocurrency now appears to be well positioned to see further upside as its market structure begins growing incredibly bullish Analysts are now widely noting that all the signs seem to point towards Bitcoin making a visit to $10,500 If the crypto is able to firmly surmount this level, one trader believes it will be […] дальше »
2020-5-15 02:00 | |
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Bitcoin Bulls Resume Fight to $10k; Is The Post-Halving Bull Run Just Getting Started?
After a brief pause, it seems that Bitcoin bulls are back at it again trying to break above the $10,000 psychological barrier. There is a lot of resistance around this area and Bitcoin has been rejected 2 times from this area in the last 8 months. дальше »
2020-5-15 22:34 | |
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It’s a Critical Moment for Bitcoin as Analysts Eye a Move to $14,000
Bitcoin saw some notable overnight volatility that caused it to post an upswing followed by a swift rejection, before once again climbing higher The benchmark cryptocurrency is now moving to test its next key resistance that sits at roughly $9,500 Analysts are now noting that a clean break throughout a heavy overhead supply region just above BTC’s current price could be just what it needs to make a move up to $14,000 Bitcoin’s intense uptrend […] дальше »
2020-5-7 21:00 | |
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Bad for Ethereum: 3 Bearish Factors Could Catalyze a Strong ETH Correction
Despite Ethereum’s rejection at $200 and Bitcoin’s similar rejection at $7,800, the cryptocurrency market has held strong over the past 24 hours. Case in point, Ether continues to trade for $194, just shy of the weekly highs and above the $180-190 region, which analysts have identified as a zone of support. дальше »
2020-4-28 04:08 | |
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Isn’t XRP the Easiest Short? Analyst Asks as Bearish Pressure Mounts
XRP Could Plunge, Analyst Warns After Brutal Rejection Above $0. 34 Last week, XRP saw a brutal rejection above the $0. 34 price point, falling off a cliff all the way to $0. 265 as Bitcoin saw a similar rejection at the $10,500 resistance. дальше »
2020-2-23 23:06 | |
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Ripple (XRP) Price Analysis (February 21)
Key Highlights XRP/USD trade now witnesses a series of range price movements since yesterday’s trading sessions. The crypto may not push northward above $0. 30 also in the near time. A fierce rejection at a $0. дальше »
2020-2-22 00:42 | |
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Bitcoin Price Faces Brutal Rejection Above $9,800
Bitcoin price has been smashing through each overhead resistance level with relative ease throughout this entire 2020 rally thus far. However, the latest push above $9,800 was met with a powerful rejection that sent Bitcoin price back over $200 in a matter of minutes. дальше »
2020-2-6 18:27 | |
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$220: Ethereum Bulls Aim Big After Recent Bearish Rejection
Ethereum price is trading with a positive bias above the $180 and $185 levels against the US Dollar. ETH is likely to continue higher towards $200 or $220 in the near term. Ethereum is trading in a bullish zone above the $180 pivot area against the US Dollar. дальше »
2020-2-3 06:28 | |
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Bitcoin's rejection at key levels confirms drop to $7,200-$7,000 levels
Bitcoin's daily close yesterday confirmed that there will not be any more upside, at least, nothing above $7,600. Moreover, the indicators that exhibited bullish trends have slowed down; they are on tThe post Bitcoin's rejection at key levels confirms drop to $7,200-$7,000 levels appeared first on AMBCrypto. дальше »
2019-12-24 16:30 | |
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XRP Plunges 6% Despite Network Being “Stronger Than Ever”
After a brief attempt to climb above its strong resistance level at $0. 30 earlier this week, XRP faced a strong and swift rejection and is now moving down towards its monthly lows that currently sit around $0. дальше »
2019-11-9 02:00 | |
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SEC To Rule On Bitwise ETF For Bitcoin: And 0x Releases Zk-STARKs
The cryptocurrency market continues to creep sideways like Wile E. Coyote on the trail of a wabbit, across a varied landscape of gains, losses, and the occasional ACME anvil in the form of another possible ETF rejection. дальше »
2019-10-9 18:45 | |
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Ethereum Stabilizes Above $170 as Indicator Predicts Further Upside
Ethereum (ETH) has posted a strong bounce from its recent lows and has not yet faced any notable rejection after climbing from these lows. This slight upwards momentum has come about as Bitcoin finds increasing stability around the $8,000 region. дальше »
2019-9-29 00:30 | |
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Key Technical Indicator Signals Bitcoin is Gearing Up for a Big Move
After inching higher yesterday, Bitcoin faced a somewhat strong rejection at just above $10,400, which has brought the cryptocurrency down towards its next key support level at $10,000. A failure for bulls to hold this level could mark a short-term trend shift that sends BTC significantly lower. дальше »
2019-9-16 00:30 | |
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Cryptocurrency Analysis and Forecast for 7 August: BTC, ETH, and TRX
Bitcoin (BTC/USD) On an intraday chart, BTC/USD pair faced a bearish run after exhibiting price rejection above $12000 level. The downward pressure was however signaled by the 21 day MA that is gravitating above the 7 day MA that signaled to increase in sellouts. дальше »
2019-8-8 00:14 | |
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Crypto Markets Dump $25 Billion as Bitcoin Pullback Fears Fester
A sharp rejection of resistance above $9k was not entirely unexpected. Bitcoin price has been poised to pass this level for the best part of the week. When it did, an instant fake out occurred and crypto prices plunged back a thousand dollars in a matter of hours. дальше »
2019-5-31 10:00 | |
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Bitcoin Price Analysis: Pullback After Rejection at $8.3K Has a Silver Lining
Bitcoin price analysis is showing BTC/USD consolidating inside a pennant pattern, but which way will it break after being rejected at $8,300? Bitcoin price (BTC) has had a wild ride over the last 7 days, printing a new YTD-high at $8,388, experiencing a heavy flash crash the following day, only to then recover back above $8,000 again. дальше »
2019-5-20 17:00 | |
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WAVES / USD Price Analysis: Sting Of Rejection
Waves has a bearish short-term outlook, with the cryptocurrency failing to move above its 200-period moving average on the four-hour time frame The WAVES / USD pair remains bearish over the medium-term horizon The daily time frame shows that the bearish triangle pattern breakout has yet to reach its full downside projection Waves / USD […] The post WAVES / USD Price Analysis: Sting Of Rejection appeared first on Crypto Briefing. дальше »
2019-5-9 17:35 | |
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Bitcoin Inches above $4,100 as “Crypto Winter” May Finally Be over: BTCManager’s Week in Review April 1, 2019
The price of bitcoin managed to maintain above the critical $4,000 mark and closed the week two percent higher at a touch over $4,100 per coin. The Bitcoin market remained firm despite the news that the SEC has decided to delay its approval or rejection decision of the Bitwise and VanEck/SolidX Bitcoin ETF applications. WhileRead More дальше »
2019-4-2 21:00 | |
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Bitcoin Price Analysis: Upward Drift Continues Following Established Macro Support
Since mid-February, the bitcoin market has continued to drift upward toward a band of strong, macro resistance (shown below as a red band). This slow, drift upward marks our fourth test of the resistance zone and, unlike the three prior tests, our rejection of the level has shown a weakness on the side of the bears:Figure 1: BTC-USD, Daily Candles, Fourth RejectionIf we compare the three prior rejections (labeled 1, 2 and 3), we see that the move into this resistance level was violent — and had equally violent rejections. дальше »
2019-3-29 02:21 | |
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Bitcoin Price Analysis: Slow Upward Drift Tests Market Supply
A slow, grinding upward drift has been the name of the game for bitcoin’s market over the last few weeks. The upward drift is bringing us slowly to a level that was previously rejected violently:Figure 1: BTC-USD, Daily Candles, Upward DriftOur third rejection of the red resistance level shown above brought the market into a test of macro support in the mid-$3,000s. дальше »
2019-3-23 01:23 | |
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Bitcoin Price Analysis: Could Three Times Be the Charm for This Resistance Level?
Bitcoin remains in its tightly coiled range as the market continues its sideways trend for the third week in a row. While macro support has been tested three times recently, we have yet to test the overhanging macro resistance:Figure 1: BTC-USD, Daily Candles, Narrow RangeThe blue zone outlined above shows a very strong zone of support that, over the last few weeks, has seen three strong tests and has led to a slowly upward-drifting market consolidation. дальше »
2019-3-16 01:56 | |
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Bitcoin Price Analysis: Low Time Frames Show Signs of Life Amid Weekly Tests
Bitcoin continues to coil tightly within its range-bound market as the bulls and bears fight it out to see which is most dominant. On the lower time frames (TF), bitcoin is managing to find support:Figure 1: BTC-USD, 2-Hour Candles, Low TF SupportThe zone outlined by the green line in Figure 1 represents local support that has kept the market afloat for the last week and a half. дальше »
2019-3-13 22:26 | |
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Bitcoin Price Analysis: New High Paves Potential Reversal Setup
After days and days of consolidation, bitcoin finally managed to break a new high for the first time in almost two weeks. This new high, so far, has been short lived, however, as it was almost immediately sold into by eager bears:Figure 1: BTC-USD, 4-Hour Candles, New HighOur current 4-hour candle is seeing a relatively easy retracement after days and days of an upward grind. дальше »
2019-3-9 02:08 | |
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Bitcoin Price Analysis: Keep an Eye Out for a Close Above the Current High
Shortly after falling from its test of the low $4,000s, bitcoin managed to find support in the mid $3,500s. This has proven to be a relevant level over the last few months, and finding support here would be a sign of relatively strong demand:Figure 1: BTC-USD, Daily Candles, Local SupportThe high candle spread rejection following our test of the low $4,000s was an indication that we had strong levels of supply left in the market, but for the time being we are holding support. дальше »
2019-3-1 03:44 | |
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Bitcoin Price Analysis: Bullish Rejection Wipes Out Bitcoin’s Weekend Gains
Over the weekend, a strong rally was stifled by an even stronger rejection as the bitcoin market was shoved into a band of overhanging resistance. This band of resistance has been mentioned several times in our analyses over the last few weeks as it has proven impossible to overcome for the time being:Figure 1: BTC-USD, Daily Candles, Failed BreakoutThis run to the low $4,000s coincided with a breakout of a rather large symmetrical triangle consolidation shown above. дальше »
2019-2-26 02:42 | |
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Analyst Claims Bitcoin Must Break Above $4,000 Or BTC Will Face Strong Rejection
Bitcoin is once again beginning to creep towards its strong resistance level at $4,000 following a relatively involatile trading session over the past couple of days. Although BTC has seen some incredibly bullish momentum over the past few weeks and has firmly established the low-$3,000 region as a strong level of support, its upwards ascent. дальше »
2019-2-23 01:00 | |
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Bitcoin Price Analysis: $4000 in Sight After Last Week’s Bullish Move
As Bitcoin price finished the week with a strong move to the upside, we take a look at what this means for the Bulls and Bears heading into the week. Weekly Chart Bitcoin price closed the week at $3,650 (+6. дальше »
2019-2-11 17:00 | |
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