Ethereum (ETH) Bulls Eye Crucial Bullish Break

Ethereum is approaching the main $152 and $155 resistance levels against the US Dollar. The price is likely to rally significantly once there is a clear break above $152. There is a key bullish trend line forming with support near $148 on the hourly chart of ETH/USD (data feed via Kraken). The price could dip a few points, but it remains supported near $148 and $145. Ethereum price is trading with a positive bias versus the US Dollar, similar to bitcoin. ETH price needs to rally above $152 to continue…

Sorry — But Bitcoin Can Still Drop to $2.7K While Everyone’s Bullish

As the Bitcoin price (BTC) begins to slowly ascend, the question on everyone’s minds is whether the latest bottom is in, or whether there is more pain ahead.   In this article, I will aim to provide some insight as to what one can expect based on the information from the charts.  Daily crypto market performance. Source: Coin360.com Lower CME gap to be filled BITCOIN CME futures daily chart. Source: TradingView In last week’s analysis, I pointed out that the CME gap was higher than the weekend price, 7% higher in…

Bullish Stock Market Rally Shines but Gloomy Gold is Slumping

The gold price dropped by 1.75% in the past three days despite bullish short-term forecasts. The safe-haven asset’s fall amidst intensifying geopolitical risks portray the strength of the current stock market rally. Up until December 4, the gold price was seemingly ready to break out above a key resistance level at $1,484. It was rejected again at a lower time frame resistance level, leaving it vulnerable for a pullback. Big downswings in stock market should benefit gold, but it’s not Throughout this week, the U.S. stock market has demonstrated extreme…

Bitcoin Price Retests $7.3K as Analyst Eyes New Bullish Futures ‘Gap’

Bitcoin (BTC) fell back towards support at the $7,250-$7,300 level on Dec. 1 after its latest sudden uptick began to fizzle overnight.  Cryptocurrency market daily overview. Source: Coin360 Futures gap incoming if lower levels stay Data from Coin360 showed the largest cryptocurrency shedding almost 30% of its gains from earlier in the week, dropping from local highs of $7,790 to around $7,300 at press time.  The downside equated to 24-hour losses of 6% for Bitcoin, which began showing signs it would test support strength at $7,000.  Previously, BTC/USD hit multi-month…

Forget the Noise; Traders Explain Why You Should Be Long-Term Bullish on Bitcoin

Forget the Noise; Traders Explain Why You Should Be Long-Term Bullish on Bitcoin X Dear reader, some third-party applications like Twitter, Youtube and Google Analytics are utilizing cookies. By rejecting this cookie consent, you might not be able to read the full article due to embeds.Privacy Policy Accept Privacy & Cookies Policy Source link

Bitcoin Price Retains $7.5K After Bullish Breakout Upends Bear Market

Bitcoin (BTC) stayed around $7,500 on Nov. 27 after a surprise bullish reversal took markets $700 higher the previous day. Cryptocurrency market daily overview. Source: Coin360 Bitcoin clings to surprise gains Data from Coin360 showed BTC/USD come down slightly from Wednesday’s local highs of $7,640 to trade just over $7,500 at press time.  The largest cryptocurrency took traders unaware during the previous session, jumping from below $6,900 when many braced for further drops.  Bitcoin seven-day price chart. Source: Coin360 Prior to that, pressure had been building on Bitcoin after news…

Strong Bounce at $6.5K Enough for a Bullish U-Turn?

Bitcoin (BTC) closed the week down at $6,900 having lost around $1,400 or 18.72%. Monday got off to a disastrous start for the bulls, with a selloff in the Asian market session, losing another 5.5% finding lows of $6,500 before the bulls responded with a 13% swing back over $7,300.  As has been witnessed recently, Bitcoin has continued to dictate the valuation across the cryptocurrency market as a whole. Notably, Ether (ETH) briefly traded around $130, but has since recovered and is now attempting to retake $150, up around 6%…

Bullish Macro Trend Intact — But $6,800 Will Be Key

As the price of Bitcoin (BTC) was retracing from the massive rally four weeks ago, no clear indications were seen on the charts of a potential reversal. Thus, the price started to accelerate downwards to the next support areas, causing the price to drop $1,000 within one day. Crypto market data. Source: Coin360 However, is the bear market imminent, or is it still applicable to state that this is a bull market retracement? Let’s analyze the charts. Bitcoin lost crucial $8,200 support level As discussed in the previous article, the…