Tag Archives: Cryptocurrencies

Bitcoin Upside Stalls; Lower Support at $38K-$40K

Bitcoin Upside Stalls; Lower Support at $38K-$40K

Bitcoin is up about 20% over the past week, compared to a 25% rise in ether, the world’s second-largest cryptocurrency by market value. Bitcoin (BTC) is roughly flat over the past 24 hours as the rally near $45,000 appears exhausted. Short-term overbought signals could encourage profit-taking, although buyers will likely return around the $38,000 to […]

Bitcoin Rebounds Above $30K; Resistance Seen at $34K

Bitcoin Rebounds Above $30K; Resistance Seen at $34K

Bitcoin (BTC) returned above $30,000 support during Asia hours as buyers reacted to oversold conditions. The next level of resistance is seen around $32,000 and $34,000 given the intermediate-term downtrend. The quick rebound above $30,000 is similar to the June 22 shakeout which preceded a brief price rally. Bitcoin was trading around $31,400 at press […]

Market Wrap: Bitcoin Declines Into the Weekend, as Volatile Month Continues

Market Wrap: Bitcoin Declines Into the Weekend, as Volatile Month Continues

The technical charts suggest further downside is likely as sellers react to extreme overbought conditions since March. Bitcoin traded lower on Friday as the price struggled near the $35,000 resistance level. The cryptocurrency was trading around $32,000 at press time and is down about 8% over the past 24 hours. Some analysts expect continued weakness […]

Bitcoin Holds $30K Support After Volatile Shakeout; Resistance at $36K

Bitcoin Holds $30K Support After Volatile Shakeout; Resistance at $36K

Bitcoin (BTC) returned above the $30,000 level on Tuesday after a volatile trading session. Buyers quickly stepped in as oversold conditions appeared on intraday charts. The next level of resistance is seen around $36,000, which could limit further upside. The world’s largest cryptocurrency by market value was trading around $34,000 at press time and is […]

Bitcoin Sell-Off Could Stabilize Around $42K Support

Bitcoin Sell-Off Could Stabilize Around $42K Support

BTC remains under pressure and could find lower support near $42K as long-term momentum wanes. Sellers remained active on Wednesday as bitcoin (BTC) dropped below $50,000 after Tesla halted acceptance of payments for new vehicles in the currency. The cryptocurrency was trading around $49,400 at press time and could find lower support around $42,000. Long-term momentum continues […]

Buying Your First Crypto? 10 Things You Should Know

Buying Your First Crypto? 10 Things You Should Know

Between dogecoin’s cameos on U.S. television and bitcoin’s growing acceptance on Wall Street, cryptocurrency is reaching a wider audience than ever before. Skyrocketing prices are surely tempting to newcomers, but they should be aware of the risks before jumping in. If you just started paying attention to cryptocurrency and are wondering whether to invest, here are 10 things you need to […]

Bitcoin Stabilizes Near Support; Resistance Around $56K-$58K

Bitcoin Stabilizes Near Support; Resistance Around $56K-$58K

Bitcoin (BTC) has fully recovered from Thursday’s price drop of almost 5%. The cryptocurrency was trading around $54,000 at the time of writing after holding support at around $52,000. The short-term trend is improving, although there is strong resistance around $56,000 and $58,000 that could limit upside into the weekend. The relative strength index (RSI) […]