Cryptocurrencies / Page 8

Bitcoin rally takes a breather, solid year-end in sight – Crypto News

Posted on December 15, 2023 at 12:47 pm GMT

Bitcoin experiences a correction following a fresh 20-month peak Probably due to some profit-taking as macro developments aid Cryptos set for a stellar year of outperformance against major assets Magnificent 2023 Undoubtedly, Bitcoin and cryptocurrencies in general have exhibited impressive performance so far in the year, following a catastrophic 2022. The king of cryptos has gained more than 155% year-to-date, while it has appreciated more than 50% within the past two months. But it is not just Bitcoin, major altcoins [..]

Technical Analysis – ETHUSD attempts to erase recent pullback

Posted on December 14, 2023 at 12:53 pm GMT

Ethereum posts 19-month peak before retracing lower But the bulls regain control and recoup some losses Momentum indicators point at more gains ahead ETHUSD (Ethereum) has experienced a strong rally since late October, which propelled the price to a fresh 19-month peak of 2,403 on December 9. Although the latest high was followed by a mild setback, the price seems ready to stage a recovery as both the RSI and stochastics are implying strengthening positive momentum. Should the rebound extend and [..]

Technical Analysis – BTCUSD’s rocket rally runs out of steam

Posted on December 7, 2023 at 3:52 pm GMT

BTCUSD at the highest levels in more than a year Overbought conditions threaten a negative reversal Sellers could come back into play below 41,770 BTCUSD (Bitcoin) had a rocket start to the week, stretching its uptrend from September’s low of 24,915 to a one- and-a-half year high of 44,497 on Thursday before turning slightly negative. The price seems to have created a bearish evening star candlestick pattern at the top of the uptrend, flagging a potential downside reversal as the RSI [..]

Technical Analysis – ETHUSD posts a fresh 18-month high

Posted on December 5, 2023 at 12:24 pm GMT

Ethereum jumps to its highest since May 2022 Advance eases as oscillators point at overbought conditions ETHUSD (Ethereum) has experienced a strong rally since late October, which propelled the price to a fresh 18-month peak of 2,274 on Monday. However, the uptrend seems to be losing some steam, with both the RSI and stochastics touching their overbought territories. Should the rally extend, the price could initially test the February 2022 support of 2,300, which could now serve as resistance. Conquering this [..]

Bitcoin storms to 19-month high, year-end rally in sight? – Crypto News

Posted on December 1, 2023 at 12:39 pm GMT

Bitcoin posts a fresh peak on Friday, just shy of $39,000 Registers its best monthly close since April 2022 Besides ETF mania, macro backdrop also aids On track for a stellar year Undoubtedly, Bitcoin and cryptocurrencies in general have exhibited impressive performance so far in the year, following a catastrophic 2022. The king of cryptos has gained more than 125% year-to-date, while it has appreciated more than 35% within the fourth quarter. But it is not just Bitcoin, major altcoins [..]

Technical Analysis – ETHUSD set for a breakout move

Posted on November 30, 2023 at 12:57 pm GMT

Ethereum pulls back from recent multi-month high Generates a structure of lower highs and higher lows Momentum indicators suggest that buying interest is fading ETHUSD (Ethereum) experienced a strong rally since late October, which propelled the price to 2,136, its highest level since April. However, in the past few weeks, the leading altcoin has been trading without a clear direction, with the formation of a pennant pattern hinting at an impending breakout. Should the pennant break to the upside, the bulls [..]

Bitcoin temporarily breaches $38,000, fending off systemic risks – Crypto News

Posted on November 24, 2023 at 12:49 pm GMT

Bitcoin remains stuck in its 3-week rangebound pattern Binance’s CEO pleads guilty to anti-money laundering violations Cryptos’ seem unhindered by another regulatory crackdown Ethereum breaks above important trendline Cryptos exhibit remarkable resilience In 2023, Bitcoin’s trajectory has been characterized by periods of consolidation and low volatility usually followed by breakout moves. Currently, the king of cryptos appears to be in the former phase, trading just a tad below its 2023 high and the $38,000 psychological level. The latest sideways pattern [..]

Technical Analysis – ETHUSD breaks above trendline but fails to rally

Posted on November 23, 2023 at 1:52 pm GMT

ETHUSD conquers downward sloping trendline Meets strong resistance though at crucial technical level Momentum indicators warn for impending pullback ETHUSD (Ethereum) had been forming a structure of lower highs in the four-hour chart since its peak at 2,136 on November 10. However, yesterday, the price managed to violate the descending trendline that connects its recent highs, but the bulls seem unable to reclaim the strong resistance of 2,092 for now. As both the stochastic oscillator and the RSI show signs [..]

Bitcoin eases from highs as cryptos decouple from stocks – Crypto News

Posted on November 17, 2023 at 12:39 pm GMT

Bitcoin pulls back after repeatedly failing to conquer $38,000 Cryptos seem unable to follow stocks higher in the CPI aftermath Latest moves in cryptos underscore the diversification narrative Traders hit the pause button For cryptos, this year has been characterized by periods of low volatility and rangebound trading followed by bullish breakout moves. With the buzz around the impending approval of spot-Bitcoin ETFs by the SEC being the latest catalyst, Bitcoin has enjoyed a solid upleg in the past two [..]

Technical Analysis – ETHUSD falls back below 2,000

Posted on November 15, 2023 at 12:27 pm GMT

Ethereum pulls back from recent multi-month high Impending golden cross could revive the rally Momentum indicators ease from overbought conditions ETHUSD (Ethereum) experienced a strong correction after peaking at 2,136, its highest level since April 2023. However, the 50-day simple moving average (SMA) is closing the gap with the 200-day SMA, where a potential golden cross could induce upside pressures. Should the positive momentum strengthen, the bulls might attack the July resistance of 2,030, which also held strong in August 2022. A [..]

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