Bitcoin breaks out of a falling wedge but runs out of steam before tackling $60,000. A death cross pattern on the 4-hour chart hints at increasing selling pressure in the near-term. Bitcoin embraced support at $54,500 during the recent dive under $60,000. Improving short-term technical levels have led to a formidable recovery, with Bitcoin moving
Bitcoin cuts through $56,000 as buyers look forward to gains toward $60,000. A golden cross pattern on the 4-hour chart validated the bullish outlook. Support at $54,000 must be defended at all costs to avoid potential declines to $50,000. Bitcoin has drawn much closer to $58,000 after slicing through 56,000. The flagship cryptocurrency’s uptrend is
Ripple faces challenging barriers toward $0.5, but a technical breakout is still in the offing. A golden cross pattern will signify the return of the bulls in the market. The MACD indicator signals the possibility of consolidation taking precedence in the short-term. Ripple’s bulls are focused on recovery despite the lethargic price action across the
By Dmitriy Gurkovskiy, Chief Analyst at RoboForex On Friday, February 12th, Ripple looks rather good, trading at 0.5505 USD. On D1, XRP/USD sky-rocketed corrected and goes on growing. We can suppose that the quotations will pull back a bit to 61.8% Fibo and then keep on growing. The aim of growth is 0.7100 USD. The MACD histogram is rising, and its signal lines are above zero, which is an additional signal for further growth. On H4, the quotations are correcting to 61.8% Fibo. The price might soon bounce off it and head for 100.0% Fibo. The Stochastic has formed a Golden
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Although Ethereum is still over 80% below its all-time high price, the asset has registered extremely positive price action over recent months.
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Bitcoin remains below key resistances, but this hasn’t stopped investors from becoming extremely bullish on the asset.
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Bitcoin experiences a Golden Cross for the first time since February 2020. The bullish indicator surfaced as open interest for CME Bitcoin Futures hit a record high. Nevertheless, the cryptocurrency continues to hover below $10,000, while eyeing a price breakout. On Wednesday, Bitcoin printed what is known in technical analysis as a “Golden Cross.” The technical indicator occurs when an asset’s 50-day moving average crosses over its 200-day moving average. Its occurrence on the Bitcoin […]
