Resistance

TA: Bitcoin Smashes Heavy Resistance at $12K And Its Likely To Continue Higher

Bitcoin price is up over 2% and it broke the $11,800 and $12,000 resistance levels against the US Dollar. BTC is now trading above $12,000, with high chances of more upsides. Bitcoin remained in a positive zone and it cleared the $11,800 and $12,000 resistance levels. The price is currently testing the $12,150 zone and […]

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Top traders go long after Bitcoin price rallies to key $11.5K resistance

The futures contracts premium and the long-to-short ratio show that top traders feel bullish about Bitcoin price. On Oct. 7 Cointelegraph reported that top crypto traders had kept a bearish stance since mid-September and at the time the Bitcoin (BTC) long-to-short ratio had reached its lowest level in 10 weeks. All of this changed in […]

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It’s Make or Break for Ethereum Bulls as ETH Nears Critical Resistance

Ethereum is flashing some signs of strength today as it inches higher while caught within a short-term consolidation phase. This consolidation trend came about after the cryptocurrency rallied to highs of $380 before facing some heightened selling pressure that caused its price to retrace back down towards $360. It is now trading squarely between these […]

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Ethereum Smashes Heavy Resistance: Next Bullish Levels Traders Should Watch

Ethereum gained bullish momentum above the $406 resistance against the US Dollar. ETH price is up over 5% and it seems like the bulls are aiming a test of $445 in the coming days. Ethereum climbed higher steadily and broke the $400 and $406 resistance levels. The price is now trading nicely above the $420 […]

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Ethereum price rallies above $400 resistance on bullish ETH options data

Ethereum’s put-call ratio dropped to its lowest level in 3 months, suggesting that traders expect Ether price to rise higher. Ether (ETH) options open interest grew by 230% to reach $393 million in the past three months. Although this is an impressive figure, it doesn’t fully reflect how the derivative instruments being used. Ether options […]

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Ethereum Reaches a “Do or Die” Level as It Flips Key $400 Resistance

Ethereum has firmly surmounted its $400 for the first time in a few weeks, with buyers now attempting flip this level into support. The crypto’s latest upswing has allowed it to outperform both Bitcoin and most other major altcoins significantly Analysts are widely noting that the cryptocurrency is reaching a decision point, with its near-term […]

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Weekly Cryptocurrency Recap: Bitcoin and Ethereum Fail to Break Above Resistance

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Bitcoin Price Tackles $12,000 After Breaking Through a Key Resistance Zone

Bitcoin price has pushed through $12,000 for the second time this month but will it hold? Within the last hour Bitcoin (BTC) price pushed through the $11,800 resistance and finally made its way back above $12,000.  Crypto market daily price chart. Source: Coin360 The sharp upside move came after a relatively quite weekly close as […]

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The Price of Bitcoin Is Facing Its Final Resistance Zone Before $15K

The price of Bitcoin has successfully tested a new support zone before the weekend but will it be enough to finally push above $12,000? The price of Bitcoin (BTC) is facing its final resistance zone until the bull market is on fire. However, will it break through this resistance zone in one attempt? The charts […]

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Bitcoin Price Retests Classic Resistance Trendline, as Technicals Target $10,000

Bitcoin climbed higher on Tuesday following two weeks of flat price action. The jump led its price closer to retesting a classic resistance trendline with origins dating back to December 2017. A recent fractal shows the tendency of traders to test $10,000-$10,5000 following a close above the said trendline. Bitcoin may jump above $10,000 in […]

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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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