The U.S. District Court for the District of Columbia has issued an order in the SEC’s case against Binance and its founder Changpeng Zhao. The court allowed most claims to proceed, including those related to unregistered crypto sales and fraudulent practices, while dismissing some claims related to BUSD and secondary BNB sales. Some Charges Against […]
Bitcoin News
Bitcoin Dips but Holds Strong: Bullish Momentum Intact
Bitcoin price started a downside correction from the ,000 zone. BTC is now consolidating near ,000 and might eye another increase in the near term.
- Bitcoin struggled above the ,800 resistance zone.
- The price is trading above ,000 and the 100 hourly Simple moving average.
- There is a key bullish trend line forming with support at ,200 on the hourly chart of the BTC/USD pair (data feed from Kraken).
- The pair could start another increase unless there is a move below ,800.
Bitcoin Price Corrects Gains
Bitcoin price gained pace for a move above the ,000 level. BTC even spiked above ,200 before the bears appeared near ,000. A new weekly high was formed at ,896 and the price recently started a downside correction.
The price declined below the ,000 level and the 23.6% Fib retracement level of the upward wave from the ,047 swing low to the ,896 high.
However, the bulls are active above the ,800 support zone. Bitcoin also trades above ,000 and the 100 hourly Simple moving average. Besides, there is a key bullish trend line forming with support at ,200 on the hourly chart of the BTC/USD pair.
The price is now facing resistance near the ,500 level. The first major resistance could be ,200. The next key resistance could be ,850. A clear move above the ,850 resistance might send the price higher. In the stated case, the price could rise and test the ,500 resistance.
If the bulls push the price further higher, there could be a move toward the ,200 resistance zone. Any more gains might send BTC toward the ,500 resistance.
Are Dips Supported In BTC?
If Bitcoin fails to climb above the ,200 resistance zone, it could continue to move down. Immediate support on the downside is near the ,200 level and the trend line.
The first major support is ,000. The main support is now forming near ,800 or the 50% Fib retracement level of the upward wave from the ,047 swing low to the ,896 high. Any more losses might send the price toward the ,300 support zone in the near term.
Technical indicators:
Hourly MACD – The MACD is now losing pace in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level.
Major Support Levels – ,200, followed by ,800.
Major Resistance Levels – ,500, ,200, and ,800.
Bitcoin Price Turns Red Below $64K But Long-Term Uptrend Intact
Bitcoin price extended its decline below the ,000 support. BTC is now struggling to stay above the ,000 support zone and might test ,000.
- Bitcoin price is moving lower below the ,000 support zone.
- The price is trading below ,500 and the 100 hourly Simple moving average.
- There is a connecting bearish trend line forming with resistance at ,300 on the hourly chart of the BTC/USD pair (data feed from Kraken).
- The pair could start a decent upward move if it clears the ,200 resistance zone in the near term.
Bitcoin Price Grinds Lower
Bitcoin price remained in a short-term bearish zone below the ,500 zone. BTC traded below the ,000 and ,000 support levels to set a new weekly low.
There was a push below the ,500 support. A low was formed near ,537 and the price is now consolidating losses. The price is now struggling below the 23.6% Fib retracement level of the recent decline from the ,898 swing high to the ,537 low.
Bitcoin is now trading below ,500 and the 100 hourly Simple moving average. Immediate resistance is near the ,300 level. There is also a connecting bearish trend line forming with resistance at ,300 on the hourly chart of the BTC/USD pair.
Source: BTCUSD on TradingView.com
The first major resistance could be ,000. If there is a clear move above the ,000 resistance zone, the price could even attempt a move toward the ,200 resistance zone. It is close to the 50% Fib retracement level of the recent decline from the ,898 swing high to the ,537 low. Any more gains might send the price toward the ,000 level.
More Losses In BTC?
If Bitcoin fails to rise above the ,300 resistance zone, it could continue to move down. Immediate support on the downside is near the ,000 level.
The first major support is ,500. The next support sits at ,500. If there is a close below ,500, the price could start a drop toward the ,000 level. Any more losses might send the price toward the ,800 support zone in the near term.
Technical indicators:
Hourly MACD – The MACD is now gaining pace in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level.
Major Support Levels – ,500, followed by ,000.
Major Resistance Levels – ,300, ,000, and ,200.
Ethereum Price Prepares To Go On Another Bullish Spree, Key Support Intact
Ethereum price climbed to a new multi-month high above ,400. ETH is consolidating like Bitcoin and seems to be setting up for another bullish spree.
- Ethereum extended its increase above the ,400 resistance zone.
- The price is trading above ,350 and the 100-hourly Simple Moving Average.
- There is a key bullish trend line forming with support at ,250 on the hourly chart of ETH/USD (data feed via Kraken).
- The pair could correct lower, but dips might be limited below the ,250 support zone.
Ethereum Price Extends Rally
Ethereum price remained in a bullish zone after it settled above the ,000 pivot level. Bitcoin saw strong moves above the ,000 resistance. It even rallied toward the ,000 level. ETH also started a decent increase and cleared the ,320 resistance.
It surged over 10% and even tested the ,500 level. A new multi-month high was formed near ,496 before there was a sharp decline. A low was formed at ,111 and the price is now attempting a fresh increase. It is still above the 23.6% Fib retracement level of the upward wave from the ,111 swing low to the ,465 high.
Ethereum is now trading above ,350 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at ,250 on the hourly chart of ETH/USD. The trend line is close to the 61.8% Fib retracement level of the upward wave from the ,111 swing low to the ,465 high.
Immediate resistance on the upside is near the ,450 level. The first major resistance is near the ,500 level. The next major resistance is near ,550, above which the price might gain bullish momentum.
Source: ETHUSD on TradingView.com
If there is a move above the ,550 resistance, Ether could even rally toward the ,680 resistance. Any more gains might call for a test of ,800.
Downside Correction In ETH?
If Ethereum fails to clear the ,450 resistance, it could start a downside correction. Initial support on the downside is near the ,380 level.
The first major support is near the ,285 zone. The next key support could be the ,250 zone and the trend line. A clear move below the ,250 support might send the price toward ,120. Any more losses might send the price toward the ,050 level.
Technical Indicators
Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone.
Hourly RSI – The RSI for ETH/USD is now above the 50 level.
Major Support Level – ,285
Major Resistance Level – ,450
Bitcoin Price Rejects 48K After The SEC Drama But Uptrend Still Intact
Bitcoin price jumped toward ,000 after the hacked SEC account tweet. BTC trimmed all gains, but the uptrend support is still intact near ,200.
- Bitcoin spiked toward the ,800 and ,000 resistance levels.
- The price is trading above ,500 and the 100 hourly Simple moving average.
- There is a major contracting triangle forming with resistance near ,800 on the hourly chart of the BTC/USD pair (data feed from Kraken).
- The pair could continue to move up toward the ,000 level unless there is a close below ,000.
Bitcoin Price Faces Rejection
Bitcoin price started a fresh increase above the ,500 resistance zone. BTC gained bullish momentum above the ,000 and ,500 levels after the hacked SEC account tweet about the ETF approval.
After clarification, there was a sharp rejection near the ,000 zone. A high was formed near ,988 before the price started a fresh decline. There was a move below the ,000 and ,500 levels. The price dived toward the ,000 support.
A low was formed near ,828 and the price is now rising. It is back above the 23.6% Fib retracement level of the recent decline from the ,988 swing high to the ,828 low.
Bitcoin is now trading above ,500 and the 100 hourly Simple moving average. There is also a major contracting triangle forming with resistance near ,800 on the hourly chart of the BTC/USD pair. On the upside, immediate resistance is near the 5,400 level. It is near the 50% Fib retracement level of the recent decline from the ,988 swing high to the ,828 low.
Source: BTCUSD on TradingView.com
The first major resistance is ,800. A clear move above the ,800 resistance could send the price toward the ,200 resistance. The next resistance is now forming near the ,000 level. A close above the ,000 level could send the price further higher. The next major resistance sits at ,250.
More Losses In BTC?
If Bitcoin fails to rise above the ,800 resistance zone, it could start a fresh decline. Immediate support on the downside is near the ,550 level.
The next major support is ,200. If there is a move below ,200, the price could gain bearish momentum. In the stated case, the price could drop toward the ,800 support in the near term.
Technical indicators:
Hourly MACD – The MACD is now losing pace in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level.
Major Support Levels – ,500, followed by ,200.
Major Resistance Levels – ,400, ,800, and ,200.
Ethereum Price Avoids Trend Reversal But Key Hurdle Still Intact
Ethereum price managed to stay above ,170 and recovered losses. ETH consolidating and still facing many hurdles near ,350 and ,400.
- Ethereum is attempting a fresh increase above the ,300 resistance level.
- The price is trading above ,250 and the 100-hourly Simple Moving Average.
- There was a break above a connecting bearish trend line with resistance near ,245 on the hourly chart of ETH/USD (data feed via Kraken).
- The pair could gain bullish momentum if there is a close above the ,350 level.
Ethereum Price Regains Strength
Ethereum price extended its decline below the ,200 level. However, ETH remained stable near the ,180 and ,170 levels. A low was formed near ,170 and the price started a fresh increase, like Bitcoin.
There was a decent increase above the ,240 level. There was also a break above a connecting bearish trend line with resistance near ,245 on the hourly chart of ETH/USD. The pair climbed above the ,320 resistance, but the bears were active near ,350.
A high was formed near ,358 and the price is now correcting gains. There was a minor decline below the ,320 level. The price moved below the 23.6% Fib retracement level of the upward move from the ,170 swing low to the ,358 high.
ETH is now trading above ,250 and the 100-hourly Simple Moving Average. If there is a fresh increase, the price might face resistance near the ,350 level. The next major resistance is now near ,400.
Source: ETHUSD on TradingView.com
The main uptrend hurdle sits at ,450. A close above the ,450 resistance could start a decent upward move. The next key resistance is near ,540. If the bulls push Ethereum above ,540, there could be a rally toward ,720. Any more gains might send the price toward the ,800 zone.
Another Decline in ETH?
If Ethereum fails to clear the ,350 resistance, it could start a fresh decline. Initial support on the downside is near the ,280 level.
The first key support could be the ,260 zone or the 50% Fib retracement level of the upward move from the ,170 swing low to the ,358 high. A downside break and a close below ,260 might send the price further lower. In the stated case, Ether could test the ,170 support. Any more losses might send the price toward the ,050 level.
Technical Indicators
Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone.
Hourly RSI – The RSI for ETH/USD is now above the 50 level.
Major Support Level – ,260
Major Resistance Level – ,350
Bitcoin Price Rallies 5% But Key Breakout Resistance Is Still Intact
Bitcoin price jumped from the ,500 support zone. BTC is up over 5% but the bears are still defending the ,500 resistance zone.
- Bitcoin started a strong increase from the ,500 support zone.
- The price is trading above ,000 and the 100 hourly Simple moving average.
- There was a break above a major bearish trend line with resistance near ,850 on the hourly chart of the BTC/USD pair (data feed from Kraken).
- The pair could decline again if it fails to clear the ,500 resistance zone.
Bitcoin Price Revisits ,500
Bitcoin price extended its decline below the ,200 support level. However, BTC remained well-bid above the ,500 support zone. A low was formed near ,515 and the price started a fresh increase.
There was a steady increase above the ,200 and ,000 levels. There was a break above a major bearish trend line with resistance near ,850 on the hourly chart of the BTC/USD pair. The pair rallied above the ,000 resistance zone.
Bitcoin is now struggling to clear the key ,500 resistance zone. A high is formed near ,464 and the price is now consolidating gains. It is above the 23.6% Fib retracement level of the upward move from the ,515 swing low to the ,464 high.
It is well above ,000 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the ,250 level. The first major resistance is forming near ,500. A close above the ,500 resistance might start a steady increase.
Source: BTCUSD on TradingView.com
The next key resistance could be near ,200, above which BTC could rise toward the ,000 level. A clear move above the ,000 level could set the pace for a test of ,500.
More Losses In BTC?
If Bitcoin fails to rise above the ,500 resistance zone, it could start a fresh decline. Immediate support on the downside is near the ,750 level.
The next major support is near ,000 or the 50% Fib retracement level of the upward move from the ,515 swing low to the ,464 high. If there is a move below ,000, there is a risk of more losses. In the stated case, the price could drop toward the ,500 support in the near term.
Technical indicators:
Hourly MACD – The MACD is now gaining pace in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 20 level.
Major Support Levels – ,750, followed by ,000.
Major Resistance Levels – ,200, ,500, and ,000.
Ethereum Price Sees Technical Correction But Key Uptrend Support Intact
Ethereum price rallied following Bitcoin and tested ,850 against the US dollar. ETH is correcting gains, but the bulls might remain active near ,750.
- Ethereum started a downside correction from the ,850 resistance.
- The price is trading above ,750 and the 100-hourly Simple Moving Average.
- There is a major bullish trend line forming with support near ,755 on the hourly chart of ETH/USD (data feed via Kraken).
- The pair could start a fresh increase unless there is a clear move below ,750.
Ethereum Price Remains Supported
Ethereum started a strong increase above the ,750 resistance. Bitcoin dragged ETH higher toward the ,850 resistance before the bears appeared.
A high is formed near ,849 and the price is now correcting gains. It traded below the 23.6% Fib retracement level of the upward move from the ,659 swing low to the ,849 high. However, the price is still trading in a positive zone.
Ethereum is now trading above ,750 and the 100-hourly Simple Moving Average. There is also a major bullish trend line forming with support near ,755 on the hourly chart of ETH/USD. The trend line is near the 50% Fib retracement level of the upward move from the ,659 swing low to the ,849 high.
Source: ETHUSD on TradingView.com
On the upside, the price is facing resistance near the ,805 level. The first major resistance is near the ,850 zone. The next key resistance is near ,880. A close above the ,880 resistance could send the price further higher. The next key resistance is ,950, above which the price could accelerate higher. In the stated case, Ether could test the main ,000 barrier. Any more gains might open the doors for a move toward ,200.
More Losses in ETH?
If Ethereum fails to clear the ,805 resistance, it could continue to move down. Initial support on the downside is near the ,780 level.
The next key support is ,750 and the trend line zone. A downside break below the ,750 support might send the price further lower. In the stated case, Ether could drop toward the ,720 level. Any more losses may perhaps send Ether toward the ,700 level and the 100-hourly Simple Moving Average.
Technical Indicators
Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone.
Hourly RSI – The RSI for ETH/USD is now above the 50 level.
Major Support Level – ,750
Major Resistance Level – ,805
Dogecoin Price (DOGE) Prediction – Key Support Intact But Bulls Face Challenges
Dogecoin is holding the key support at .0595 against the US Dollar. DOGE could start a fresh increase if there is a clear move above .062 and .0635.
- DOGE started a fresh decline and retested the .0595 level against the US dollar.
- The price is trading below the .062 level and the 100 simple moving average (4 hours).
- There is a key bearish trend line forming with resistance near .0610 on the 4-hour chart of the DOGE/USD pair (data source from Kraken).
- The price could struggle to clear the .0615 and .0620 resistance levels.
Dogecoin Price Holds Support
After struggling to clear the .0635, Dogecoin price started a fresh decline. DOGE declined below the .0612 level and even spiked below .060.
A low was formed near .0593 and is currently correcting losses, like Bitcoin and Ethereum. There was a move above the .0602 level. The price climbed above the 23.6% Fib retracement level of the downward move from the .0634 swing high to the .0593 low.
DOGE is now trading below the .0615 level and the 100 simple moving average (4 hours). On the upside, the price is facing resistance near the .0610 level. There is also a key bearish trend line forming with resistance near .0610 on the 4-hour chart of the DOGE/USD pair.
The first major resistance is near the .0615 level. It is near the 50% Fib retracement level of the downward move from the .0634 swing high to the .0593 low.
Source: DOGEUSD on TradingView.com
A close above the .0615 resistance might send the price toward the .0635 resistance. The next major resistance is near .0650. Any more gains might send the price toward the .0685 level.
Are Dips Supported in DOGE?
If DOGE’s price fails to gain pace above the .0612 level, it could start another decline. Initial support on the downside is near the .060 level.
The next major support is near the .0595 level. If there is a downside break below the .0595 support, the price could decline further. In the stated case, the price might decline toward the .055 level.
Technical Indicators
4 Hours MACD – The MACD for DOGE/USD is now losing momentum in the bearish zone.
4 Hours RSI (Relative Strength Index) – The RSI for DOGE/USD is now near the 50 level.
Major Support Levels – .060, .0595, and .0550.
Major Resistance Levels – .0612, .0635, and .0650.
Ethereum Price Grinds Lower But Key Support Is Still Intact
Ethereum price corrected lower from the ,670 resistance against the US Dollar. ETH could take a major hit if it breaks the ,600 support.
- Ethereum started a bearish wave from the ,660 resistance.
- The price is trading below ,640 and the 100-hourly Simple Moving Average.
- There is a key bearish trend line forming with resistance near ,640 on the hourly chart of ETH/USD (data feed via Kraken).
- The pair must stay above the ,600 support zone to start another increase in the short term.
Ethereum Price Slides Further
Ethereum’s price failed to clear the ,660 and ,670 resistance levels. As a result, ETH started another decline and traded below the ,630 support, like Bitcoin.
The price moved below the ,620 support as well. However, the bulls are active near the ,600 level. A low is formed near ,606 and the price is now consolidating losses. It is trading near the 23.6% Fib retracement level of the downward move from the ,659 swing high to the ,606 low.
Ether is now trading below ,640 and the 100-hourly Simple Moving Average. There is also a key bearish trend line forming with resistance near ,640 on the hourly chart of ETH/USD.
On the upside, the price might face resistance near the ,630 level and the 100-hourly Simple Moving Average. The next resistance is near the ,640 level and the trend line. The trend line is also near the 61.8% Fib retracement level of the downward move from the ,659 swing high to the ,606 low.
Source: ETHUSD on TradingView.com
The main resistance is now forming near ,660. A close above the ,660 resistance might send the price toward the ,720 resistance. The next major barrier is near the ,750 level. A close above the ,750 level might send Ethereum further higher toward ,820.
More Losses in ETH?
If Ethereum fails to clear the ,640 resistance, it could start another decline. Initial support on the downside is near the ,600 level.
A downside break below ,600 might accelerate losses. The next key support is close to ,540, below which the price could even test the ,500 level. The next key support is ,440.
Technical Indicators
Hourly MACD – The MACD for ETH/USD is losing momentum in the bearish zone.
Hourly RSI – The RSI for ETH/USD is now below the 50 level.
Major Support Level – ,600
Major Resistance Level – ,640