Resistance

Bitcoin Indicator Shows Price Could Hit $7,100 as Resistance Mounts

Bitcoin has further extended its long-held bout of sideways trading as it hovers within the lower-$9,000 region It is continuing to flash some signs of weakness, however, as its price has been unable to garner any upwards momentum This weakness has caused the one indicator to suggest that the crypto could be positioned to see […]

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Data Suggests Bitcoin is About to Enter a Massive Resistance Region; Levels to Watch

Bitcoin bulls were able to post a strong defense of a crucial support level after facing some turbulence overnight. This bolstered the cryptocurrency and has resulted in it once again trading squarely within its previously formed consolidation channel around $9,400. It does appear that BTC is now sitting just beneath a heavy resistance level that […]

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Bitcoin Tries to Recover $1,000 Crash, But BTC Faces Strong Resistance Ahead

Bitcoin is back in the spotlight of the cryptocurrency market after taking a nearly 10% dum. The sudden bearish impulse saw the asset’s price drop from a high of $9,970 to a low of $9,050. Alongside the price slump, over $80 million worth of long and short BTC positions were liquidated on BitMEX alone. From […]

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Bitcoin and Gold Correlation at All-Time High as Prices Arrive at Resistance

The correlation between Bitcoin [BTC] and gold is at an all-time high. Moreover, looks like the de-coupling with the S&P 500 has happened completely as well.   Bloomberg Intelligence: Bitcoin-Gold 52-week correl (0.43) at all time highs: pic.twitter.com/ci1y1ngMQr — light (@LightCrypto) June 9, 2020 The important point to understand here is why the S&P correlation held […]

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Ethereum May Dive 35% as Price Sees Rejection at Crucial Resistance Level: Analyst

After attempting a breakout on June 1st, Ethereum saw a brutal rejection on June 2nd that saw it fail to decisively pass the $250 price resistance. Like Bitcoin, the second-largest cryptocurrency plunged 10%, falling as low as $225 on most spot exchanges. Ethereum price chart from TradingView.com While Ethereum is still trading at prices higher […]

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Here’s What Comes Next After Bitcoin Closed Above Yearly Resistance at $9,500

Bitcoin’s buyers and sellers engaged in a heated battle yesterday just prior to the cryptocurrency’s critical monthly close This led it to see heightened volatility, with bulls prevailing over bears Buyers were able to propel the cryptocurrency above a massive monthly resistance level that has been holding strong throughout part of 2019 and all of […]

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Altcoins Could Face Capitulatory Decline as Crypto Market Hits Key Resistance

The aggregated cryptocurrency market has been struggling to spark a macro uptrend due to Bitcoin’s inability to break above $10,000 This has led it to form some heavy resistance just above its current market cap – with this level potentially being insurmountable in the near-term Analysts are also pointing to altcoins severe underperformance of Bitcoin […]

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Tezos Chart Analysis: XRZ/USD Focused On Breaking Range Resistance As $3.0 Draws Nigh

Tezos targets the range resistance at $3.00 after bouncing upwards from $2.50. Tezos could follow Bitcoin’s surge to $10,000 in order to bring down resistances at $3.00 and $3.50. Tezos is among the best-performing cryptocurrencies in the market on Friday. However, it still trails Cardano (ADA) with its over 17% growth in the last 24 […]

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Bitcoin Could Soon See a $1,300 Loss as It Nears Key Resistance

Bitcoin has been flashing signs of immense strength throughout the past few days as it pushes up towards the mid-$9,000 region. Although on a surface level this movement appears to be bullish, it is important to note that the cryptocurrency is now pushing up against heavy resistance. A rejection here could ultimately lead it to […]

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Crypto Market Faces Massive Resistance as Traders Expect Altcoins to Dive

The crypto market is flashing some overt signs of weakness as Bitcoin leads most major altcoins lower Although some smaller tokens have been able to escape these losses, the aggregated market recently tapped a major resistance level, opening the gates for major downside This has led traders to widely note that Bitcoin and other major […]

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Ethereum Breached Crucial Resistance, Setting the Stage for a 15-20% Rally: Analyst

It’s been a rocky past few days for Bitcoin, Ethereum, and other top cryptocurrencies. From the monthly highs against the dollar, most digital assets are down 10%. But when measuring the performance of some cryptocurrencies against Bitcoin, some investments are outperforming. Ethereum is a perfect case in point, which has rallied 10% against BTC over […]

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Bitcoin Has Breached a Key Resistance After Rallying 150% From $3,700 Lows

Since the lows of $3,700 in March, Bitcoin has performed extremely well. Managing to shake off the fears of a recession and potentially even a depression, the leading cryptocurrency has exploded higher from $3,700 to $10,000 just recently, outpacing every other asset class in the process. According to a top trader, the recent rally is […]

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Bitcoin Moves to Break Key Resistance, But Funding Rates Could Spell Trouble

Bitcoin has seen a notable upswing overnight that has allowed the cryptocurrency to rally up towards its key resistance within the upper-$9,000 region. This upswing comes as its weekly close fast approaches. BTC is now attempting to pierce its weekly cloud resistance. Analysts are noting that it’s imperative for buyers to hold it above the […]

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Fears of Bitcoin Dump Intensify as Price Fails to Break 2017-2020 Resistance

Bitcoin popped towards its two-month high early on Thursday, breaking above $9,400 amidst halving hype. But the cryptocurrency failed to secure its intraday gains as it corrected lower by about $937 from the local top. The pullback started at the same level that has been capping bitcoin’s upside attempts since the 2017 bull run. It […]

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Bitcoin Traders Target $8,100 but “Thick” Resistance Remains

Bitcoin has pushed back up towards $7,700 following a rejection at this level seen yesterday It now appears that traders are targeting a movement up towards $8,100 This potential climb could be thwarted by the intense resistance that the crypto faces around its current price level. Following a fleeting upwards movement seen yesterday, Bitcoin has […]

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Ethereum to Soon See Epic Rally as Buyers Shatter Key Resistance

Ethereum has been able to significantly extend its recently established momentum today, with the cryptocurrency rallying all the way up to highs of $183 after a short-lived period of sideways trading around $170. The extension of this uptrend has allowed Ethereum to surmount a massive high-time-frame resistance region that bulls are currently in the process […]

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Bitcoin [BTC] Monthly Close Bullish above Resistance at $6400 – Time to Moon?

Bitcoin [BTC] monthly close for March 2019 was above the resistance the long-term resistance at $$6425.  Despite the bearish threat due to the Coronavirus sell-off, the price bounces above 64% from lows at $3850. According to prominent traders, Cred, while it is a positive signal, it is no reason to FOMO into buying. He tweeted, […]

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Bitcoin Near Key Fib Extension Resistance, Can Bulls Spark A New Rally?

Bitcoin is up more than 10% and it broke the key $6,400 resistance against the US Dollar. BTC price is now trading near the $6,650 resistance, above which it could surge to $7,000. Bitcoin is gaining traction and it recently climbed back above $6,200 against the US Dollar. The price is now trading above the […]

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Bitcoin Gearing Up for Another Parabolic Leg After Flying Past Key Resistance

Bitcoin’s prolonged bout of sideways trading at $9,600 has had a bullish resolution, as BTC buyers were able to catalyze an intense overnight rally that led the crypto all the way to $10,000, before it found some support that halted this momentum. Analysts are now noting that this latest movement seems to one again mark […]

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Ethereum Smashes Through Key Resistance, Suggesting a Move to $300 is Imminent

Ethereum has been caught within what can be characterized as a “moonshot” rally over the past several days and weeks, with its intense bullishness being even further bolstered by Bitcoin’s rapid rise past $10,000. This intense upwards rally has allowed Ethereum to be one of the top performing cryptocurrencies over the past several days, and […]

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Bitcoin Price Breaks Through Key Resistance as Traders Target $9.2K

Bitcoin bulls pushed the price above a key level at $9,119 and are now aiming to set a daily higher high above $9,200. Bitcoin daily price chart. Source: Coin360 Bitcoin (BTC) bulls appear to have found a second wind which allowed them to push the price above $9,000 to a daily high at $9,150.  As […]

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Bitcoin Falls Back After Briefly Breaking $9k Resistance

Bitcoin’s bulls have failed to make a solid move above $9,000, having briefly topped the psychological resistance level earlier on Friday.

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Ethereum Forms a Bearish Rejection Just Below a Key Resistance Level

Ethereum has seen some sizeable gains over the past several days and weeks, although this uptrend may be short lived due to a top formation that it just posted on its daily chart right below a key resistance level. This comes shortly after the cryptocurrency broke below its macro adoption curve, and the confluence of […]

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