Tag: resistance

BTC Surge Stalls at Key Resistance Level – Market Updates Bitcoin News

[ad_1] Following Tuesday’s price surge, bitcoin was trading lower during today’s session, as markets hit a key resistance point. This comes as ETH was once again trading below the $3,000 level. As of writing, the crypto market cap is down 1.87%. Bitcoin BTC bulls ran into a stumbling block on Wednesday, as traders appeared to once again short the world’s largest cryptocurrency. Following a high of $44,793.60 yesterday, BTC/USD hit an intraday low of $43,307.96 earlier in today’s session. BTC is down 2.42% on the day, as of writing, and…

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Bitcoin fails to beat resistance as $40K stays out of reach into weekly close

[ad_1] Bitcoin (BTC) faced down $40,000 on Feb. 27 as hopes for the weekly close hinged on avoiding a fourth red monthly candle in a row. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Tensions mount for TradFi markets open Data from Cointelegraph Markets Pro and TradingView showed BTC/USD making several attempts to break out of the $30,000-$40,000 corridor Sunday, all of which ended in rejection. The pair had stayed broadly higher throughout the weekend, cutting traders some slack after a week of volatility at the hands of geopolitics and media headlines.…

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‘Resistance is futile’ — 5 things to watch in Bitcoin this week

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[ad_1] Bitcoin (BTC) starts a new week on a high in more ways than one as BTC/USD seals its highest ever weekly close. After days of painfully slow progress, Bitcoin finally put in a breakout move to the upside to pass crucial levels. Now ready to go “parabolic,” some argue, the largest cryptocurrency is now firmly back on the radar of traders after a week dominated by record highs in altcoins. Will “Moonvember” start to live up to its name? Cointelegraph takes a look at what could end up moving…

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Bitcoin price descending channel and loss of momentum could turn $60K to resistance

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[ad_1] Bitcoin (BTC) appears to lack the strength to retest the $67,000 all-time high that it reached on Oct. 20 and this is causing investors to question whether or not the bullish moment has faded. Even with the price facing these hurdles, it’s still premature to call the $58,000 support level test the beginning of a descending channel. Bitcoin price in USD at Coinbase. Source: TradingView Among the factors limiting the rally is the regulatory uncertainty in the United States. Anne Termine, a partner in the government enforcement and investigations…

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Bitcoin targets $51K ‘final resistance’ as ETH nears $4K for the first time since May

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[ad_1] Bitcoin (BTC) passed $50,500 later on Friday as a return to the $50,000 mark put bulls firmly back on the scene. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin lines up a $51,000 offensive Data from Cointelegraph Markets Pro and TradingView showed BTC/USD gaining ground after dipping to $48,300 lows overnight. An important retest, Bitcoin price action then reversed upward, giving hope that $50,000 may now be able to cement itself as support. Should that happen and $51,000 resistance fades, the chances favor an impulse move to the upside,…

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4 ways investors use support and resistance levels to make better trades

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[ad_1] Trading should just be a simple process of buying low and selling high but for many investors the process is more akin to rocket science. One of the most basic and easy-to-understand strategies that can help accomplish this is to identify an asset’s support and resistance levels. Once traders can spot the support and resistance levels, they can improve their entry and exit timing in the market. Support and resistances are also helpful during bullish, bearish and range-bound markets. Let’s take a moment to understand the basics. What are…

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Cardano smashes $2 resistance as bullish signals enter for Bitcoin price

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[ad_1] Cardano’s ADA token neared $2.40 on May 15 as a select few altcoins bucked the bearish mood to steal the spotlight from a weak Bitcoin (BTC). ADA/USD 1-hour candle chart (Binance). Source: Tradingview ADA in price discovery as $2.50 nears Data from Cointelegraph Markets Pro and TradingView showed ADA/USD climbing through the weekend to hit a record $2.38. Traders had suspected that the long-awaited $2 would come into play in the short term, with Cardano bulls taking down resistance in one fell swoop overnight on Friday. With $2 out of…

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