Bitcoin cash price started a fresh decline from the $344 resistance against the US Dollar. The price is now trading below the $310 zone and the 55 simple moving average (4-hours). There was a break below a key contracting triangle with support near $315 on the 4-hours chart of the BCH/USD pair (data feed from...
Terra’s (LUNA) price is trading with substantial losses as it fails to capitalize on the previous session’s gains. The pair opened lower but quickly recovered near the session’s higher level. However, all gains were evaporated as soon as the price tag $94.0 mark. Terra’s (LUNA) price edges lower on Thursday with nearly 4% losses. Luna
Binance Coin (BNB) price has broken out above the moving averages, but has pulled back above the $400 support. Today, BNB price is fluctuating above $400 while facing rejection at $420.
Since February 28, the Bitcoin price (BTC) has been trading in the zone of uptrend as the bulls have overcome the resistance zones between $39,000 and $40,330. The BTC price reached the high of $45,470 but was pushed back from the recent high. The bears are offering strong resistance at the recent high.
Big bitcoin investors, notably those with between 100 and 1,000 coins in a single wallet, have begun to re-invest in large amounts. Simultaneously, so-called accumulation [...]
On February 28, Bitcoin Cash (BCH) rallied from $300 support as the price broke above the moving averages. However, the BCH price has retraced back above the moving averages.
Bitcoin spiked to test the $45,000 resistance against the US Dollar. BTC is consolidating gains and might correct lower towards $43,000 in the near term. Bitcoin extended increase and traded close to the $45,000 resistance zone. The price is trading above $44,000 and the 100 hourly simple moving average. There is a key contracting triangle forming with resistance near $44,450 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could correct lower if there is a move below the $43,000 support zone. Bitcoin Price Extends Rally Bitcoin price started a major increase above the $42,000 level. BTC was able to stay above the $43,000 level and consolidating near $44,000. Finally, there was another increase and the price climbed above $44,500. The price traded close the $45,000 resistance, where it faced sellers. It is now consolidating gains and there was a minor decline below the $44,500 level. The price is now trading above $44,000 and the 100 hourly simple moving average. It is also well above the 23.6% Fib retracement level of the upward move from the $37,030 swing low to $44,955 high. There is also a key contracting triangle forming with resistance near $44,450 on the hourly chart of the BTC/USD pair. Bitcoin is now facing resistance is near the $44,200 level. The first key resistance is near the $44,450 level and the triangle upper trend line. Source: BTCUSD on TradingView.com The main resistance is now near the $45,000 level. A clear move above the $45,000 resistance could send the price further higher. In the stated case, it could even attempt a clear move above $45,500. Dips Limited in BTC? If bitcoin fails to clear the $44,500 resistance zone, it could start a downside correction. An immediate support on the downside is near the $43,800 zone and the triangle lower trend line. The next major support is seen near the $43,000 level. If there is a downside break below the $43,000 support, the price might gain decline towards $41,000. It is near the 50% Fib retracement level of the upward move from the $37,030 swing low to $44,955 high. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is still correcting from the overbought zone. Major Support Levels – $43,800, followed by $43,000. Major Resistance Levels – $44,200, $44,450 and $45,000.
Bitcoin Cash Price Prediction – March 1 The Bitcoin Cash price prediction couldn’t stay above the upper boundary of the channel as the coin could [...]
Bitcoin Price Prediction – March 1 The Bitcoin price prediction shows that BTC is following the two-straight bullish day as the king coin heads to [...]