Ethereum Reaches Crucial Juncture, Can The Bulls Make it

Ethereum formed a base near $1,740 and started a recovery wave against the US Dollar. ETH is now facing a major resistance near the $1,900 zone. Ethereum started a recovery wave above the $1,800 and $1,820 levels. The price is now trading above $1,820 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $1,820 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $1,900 and $1,920 resistance levels to continue higher. Ethereum Price…

Bitcoin Price Remains In Range, Why The Bulls Need To Take Control

Bitcoin retested the key $28,500 support zone against the US Dollar. BTC is rising and the bulls might aim a clear move above the $30,600 resistance. Bitcoin is trading in a major range below the $30,600 resistance zone. The price is now trading near the $29,800 level and the 100 hourly simple moving average. There is a crucial bearish trend line forming with resistance near $29,950 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain pace if there is a clear move above…

Bitcoin Reclaims $30K, Why Bulls Face Uphill Task

Bitcoin started a fresh increase from the $28,500 support zone against the US Dollar. BTC must clear $30,600 to move further into a positive zone. Bitcoin formed a base above $28,500 and started a fresh increase. The price is now trading above the $30,000 level and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $30,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if there is a clear move above $30,600.…

This Expanding Triangle Pattern Could Be The Last Hope For Bitcoin Bulls

Bitcoin broke through support and plunged to the lowest prices seen since 2020. However, despite all the fear the drop has caused, it could be the last low before the top cryptocurrency continues its bull run. Here is why an extremely rare Elliott Wave expanding triangle pattern could be the last hope Bitcoin bulls have for new highs before a bear market. Ralph Nelson Elliott And His Theory On How Markets Move Ask most crypto investors and they would probably agree: we are in a bear market. However, based on…

Any dip buyers left? Bulls are largely absent as the total crypto market cap drops to $1.65T

The total crypto market capitalization has been trading within a descending channel for 24 days and the $1.65 trillion support was retested on May 6. The drop to $1.65 trillion was followed by Bitcoin (BTC) reaching $35,550, its lowest price in 70 days. Total crypto market cap, USD billion. Source: TradingView In terms of performance, the aggregate market capitalization of all cryptocurrencies dropped 6% over the past seven days, but this modest correction in the overall market does not represent some mid-capitalization altcoins, which managed to lose 19% or more…

Ethereum Reclaims $3K, Can The Bulls Clear This Key Hurdle

Ethereum started a strong recovery from $2,800 against the US Dollar. ETH is back above $3,000 and eyes a major increase above the $3,035 resistance. Ethereum started a major recovery wave above $2,900 and $2,950. The price is now trading above $2,950 and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $2,950 on the hourly chart of ETH/USD (data feed via Kraken). The pair must stay above the $2,980 support to accelerate further higher above $3,035. Ethereum Price Dives…

Ethereum Dives Below $3K, Can The Bulls Save Day?

Ethereum started a sharp decline from $3,180 against the US Dollar. ETH bulls must protect the $2,950 support to avoid a trend change in the near term. Ethereum failed to gain strength above $3,150 and started a fresh decline. The price is now trading above $3,030 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $3,100 on the hourly chart of ETH/USD (data feed via Kraken). The pair must stay above the $2,950 support to avoid more downsides in…

Bitcoin Technicals Suggest Bulls Aim Sharp Move Above $42K

Bitcoin climbed further above the $42,000 level against the US Dollar. BTC is showing positive signs and might rally further above $42,200. Bitcoin remained well supported above the $41,000 and $41,100 levels. The price is now trading above $41,500 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $41,050 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start a strong upward move if it settles above the $42,000 resistance zone. Bitcoin Price Gains Pace…

Bitcoin bulls may have to wait until 2024 for next BTC price ‘rocket stage’

Bitcoin (BTC) may track sideways for another two years before reigniting its bull run, new data argues. In a tweet on April 6, veteran trader Peter Brandt highlighted historical patterns suggesting that hodlers will have to wait until 2024 for their next moonshot. 8 months down, 25 to go? Bitcoin has surprised analysts with its performance over the past year, as the highly anticipated “blow-off” top in Q4 2021 was much lower than expected. After BTC/USD lost over 50% of those modest new all-time highs, the debate around the relationship…

Big Reaction From Bulls Imminent

Bitcoin gained pace above the $47,000 resistance against the US Dollar. BTC is showing positive signs and might rally towards the $50,000 resistance zone. Bitcoin saw a major technical breakout above the $45,500 resistance zone. The price is trading above $46,500 and the 100 hourly simple moving average. There is a crucial bullish trend line forming with support near $46,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to rise and might trade towards the $50,000 resistance zone. Bitcoin Price Breaks $48K…