Technical Breakout Suggests BTC Could Rally Above $40K
-
Eric Guerr
-
May 26, 2021
-
Bitcoin, Crypto
-
0 Comments
Bitcoin price is holding gains above the $38,000 pivot level against the US Dollar. BTC is signaling more gains above the $40,000 resistance zone in the near term. Bitcoin is showing positive signs above the $37,000 and $38,000 resistance levels. The price is trading nicely above the $37,000 zone and the 100 hourly simple moving average. There was a break …
Continue Reading
The Level Bitcoin Bulls Must Reclaim To Defend The Worst Monthly Selloff Ever
-
Eric Guerr
-
May 25, 2021
-
Bitcoin, Crypto
-
0 Comments
Bitcoin price collapsed by more than 50% from its recent highs set only one month ago. The sharp decline now represents that largest drop in the history of the cryptocurrency – but there’s still several days left for the monthly candle to close. That means bulls can undo the damage done by the recent crash, and keep the structure of …
Continue Reading
Bitcoin Revisits $40K: Here’s Why BTC Turned Attractive On Dips
-
Eric Guerr
-
May 25, 2021
-
Bitcoin, Crypto
-
0 Comments
Bitcoin price gained bullish momentum above the $38,000 resistance against the US Dollar. BTC is now consolidating gains and it is likely to remain supported near $37,000. Bitcoin started a steady increase above the $37,000 and $38,000 resistance levels. The price is now trading above the $37,000 zone and the 100 hourly simple moving average. There is a short-term contracting …
Continue Reading
Building The Case That The Bitcoin Bottom Is In
-
Eric Guerr
-
May 24, 2021
-
Bitcoin, Crypto
-
0 Comments
Bitcoin price is back at $37,000, recovering from a frightening plunge to as low as $30,000. The selloff struck fear into the market unlike never before, making buying the dip a scary risk to take. However, there’s several signs that the bottom could be in, all while sentiment has turned fully bearish and the market expects far deeper lows. Could …
Continue Reading
Here’s Why BTC Could Struggle To Surpass $37K
-
Eric Guerr
-
May 24, 2021
-
Bitcoin, Crypto
-
0 Comments
Bitcoin price tested the $30,000 support and it is now recovering higher against the US Dollar. BTC is likely to face a strong selling interest near $37,000 and $38,000. Bitcoin extended its decline and it even traded close to the $30,000 support. The price is now well below the $38,000 resistance and the 100 hourly simple moving average. There is …
Continue Reading
Why The Chaos In Bitcoin And Crypto Is Only Beginning
-
Eric Guerr
-
May 21, 2021
-
Bitcoin, Crypto
-
0 Comments
Bitcoin price plummeted faster and lower than anyone expected, leaving behind a trail of liquidations and investors in shock. Crypto prices across the board tanked by more than 50%, and in most cases have already rebounded by at least 25% of what was lost. The sudden rollercoaster after such a steep ascent makes sense, sending volatility soaring. Except even with …
Continue Reading
Here’s Why BTC Could Rally If It Clears This Key Hurdle
-
Eric Guerr
-
May 21, 2021
-
Bitcoin, Crypto
-
0 Comments
Bitcoin price is recovering losses and trading above $40,000 against the US Dollar. BTC is likely to accelerate higher if there is a clear break above the 100 hourly SMA at $42,000. Bitcoin is showing signs of a decent recovery above the $40,000 level. The price is now facing resistance near $42,000 and the 100 hourly simple moving average. There …
Continue Reading
Two Paths Of A Bitcoin Bull Run, And If A Bear Phase Is Next
-
Eric Guerr
-
May 20, 2021
-
Bitcoin, Crypto
-
0 Comments
Bitcoin price has plummeted more than 50% from recent highs, falling to as low as $30,000 in a matter of a flash. The selloff was enough to shock the entire market, causing the most liquidations and coins to be deposited since Black Thursday. There’s now talk of the bull run being over, however, there’s potentially two different paths that the …
Continue Reading
Here’s What Could Trigger A Bullish Reversal Above $40K
-
Eric Guerr
-
May 20, 2021
-
Bitcoin, Crypto
-
0 Comments
Bitcoin price was dumped yesterday by over 20% against the US Dollar. BTC is recovering from $30K and it might attempt a bullish reversal above $40K. Bitcoin tumbled below the $40,000 and $35,000 support levels. The price is now trading well below $42,000 and the 100 hourly simple moving average. There is a crucial bearish trend line forming with resistance …
Continue Reading
Bitcoin Breaks Key Support, Here’s Why BTC Could Dive Below $40K
-
Eric Guerr
-
May 19, 2021
-
Bitcoin, Crypto
-
0 Comments
Bitcoin price failed to stay above the key $42,150 support zone against the US Dollar. BTC is declining and it remains at a risk of a sharp decline below $40K. Bitcoin failed to stay above the main $42,000 and $42,150 support levels. The price is now trading well below $45,000 and the 100 hourly simple moving average. There is a …
Continue Reading