A Nigerian government official has rejected claims that the jailed Binance executive is being denied access to quality healthcare. In an apparent reference to the U.S. calls for Tigran Gambaryan’s release, the official stated that only the court, not the Nigerian government, can authorize such action. Tigran Gambayran’s Detention Court Sanctioned The Nigerian government has […]
Bitcoin News
Bitcoin Price Rejects $70K: Post-Fed Recovery Fails to Materialize
Bitcoin price started a strong increase above ,500. BTC even tested ,000, but post-fed there was a major bearish reaction.
- Bitcoin started another decline from the ,000 resistance zone.
- The price is trading below ,550 and the 100 hourly Simple moving average.
- There is a connecting bullish trend line forming with support at ,500 on the hourly chart of the BTC/USD pair (data feed from Kraken).
- The pair could recover but the upsides might be limited above the ,550 level.
Bitcoin Price Dips Again
Bitcoin price started a steady increase above the ,500 resistance zone. BTC even cleared the ,200 resistance zone. However, after the Fed kept the rates at 5.5%, there was a strong bearish reaction.
The price dipped below the ,800 and ,500 levels. The price tested the ,200 zone. A low was formed at ,148 and the price is now consolidating losses near the 23.6% Fib retracement level of the downward move from the ,969 swing high to the ,148 low.
Bitcoin is now trading below ,800 and the 100 hourly Simple moving average. There is also a connecting bullish trend line forming with support at ,500 on the hourly chart of the BTC/USD pair. On the upside, the price is facing resistance near the ,250 level. The first major resistance could be ,550 and the 50% Fib retracement level of the downward move from the ,969 swing high to the ,148 low.
The next key resistance could be ,200. A clear move above the ,200 resistance might send the price higher. In the stated case, the price could rise and test the ,000 resistance. Any more gains might send BTC toward the ,200 resistance in the near term.
More Losses In BTC?
If Bitcoin fails to climb above the ,550 resistance zone, it could start another decline. Immediate support on the downside is near the ,200 level.
The first major support is ,000. The next support is now forming near ,000. Any more losses might send the price toward the ,500 support zone 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 – ,000, followed by ,000.
Major Resistance Levels – ,550, and ,200.
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Bitcoin News
SEC Rejects Coinbase’s Call for New Crypto Regulations
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Bitcoin News
Bitcoin Price Rejects Key Resistance, Time For Another Drop In BTC?
Bitcoin price started a steady increase above the ,500 resistance. BTC is again struggling to clear the ,500 and ,000 resistance levels.
- Bitcoin is showing positive signs and facing hurdles near ,500.
- The price is trading above ,500 and the 100 hourly Simple moving average.
- There is a key bullish trend line forming with support at ,800 on the hourly chart of the BTC/USD pair (data feed from Kraken).
- The pair could struggle to clear the ,500 and ,000 resistance levels.
Bitcoin Price Faces Resistance
Bitcoin price found support near the ,500 zone and started a decent increase. There was a clear move above the ,000 and ,200 resistance levels.
The bulls pushed the price above the ,500 level and the 100 hourly Simple moving average. However, the bears are again active near the ,500 and ,000 resistance levels. A high was formed at ,646 and the price is now consolidating gains.
It is stable above the 23.6% Fib retracement level of the upward move from the ,378 swing low to the ,646 high. There is also a key bullish trend line forming with support at ,800 on the hourly chart of the BTC/USD pair.
Bitcoin is now trading above ,500 and the 100 hourly Simple moving average. Immediate resistance is near the ,500 level. The first major resistance could be ,000. The next key resistance could be ,500.
Source: BTCUSD on TradingView.com
A clear move above the ,500 resistance might send the price higher. The next resistance now sits at ,800. If there is a clear move above the ,800 resistance zone, the price could continue to move up. In the stated case, the price could rise toward ,000.
Another Decline In BTC?
If Bitcoin fails to rise above the ,500 resistance zone, it could start another decline. Immediate support on the downside is near the ,800 level and the trend line.
The first major support is ,500. If there is a close below ,500, the price could start to drop toward the 61.8% Fib retracement level of the upward move from the ,378 swing low to the ,646 high at ,500. Any more losses might send the price toward the ,000 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 near the 50 level.
Major Support Levels – ,500, followed by ,500.
Major Resistance Levels – ,500, ,000, and ,500.
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Bitcoin News
Roger Ver Rejects Blockstream CEO’s Invitation, Remains Loyal to Bitcoin Cash Over BTC
Roger Ver, an early Bitcoin investor, has decided to continue supporting Bitcoin Cash (BCH) over Bitcoin (BTC) despite an invitation from Blockstream CEO Adam Back to rejoin the Bitcoin community. Ver criticizes layer two blockchain solutions, like Back’s Liquid Network, as centralized or unreliable, maintaining that bitcoin cash more closely aligns with the original vision […]
Bitcoin News
Bitcoin Price Rejects $68K, Indicators Signal Fresh Downside To $62K
Bitcoin price failed to recover above the ,000 resistance zone. BTC is sliding and might decline again toward the ,000 support zone.
- Bitcoin price started a decent increase but struggled near the ,000 zone.
- The price is trading below ,000 and the 100 hourly Simple moving average.
- There is a short-term declining channel or a bullish flag forming with resistance at ,200 on the hourly chart of the BTC/USD pair (data feed from Kraken).
- The pair must clear the ,200 resistance zone to start a fresh increase.
Bitcoin Price Faces Hurdles
Bitcoin price attempted a decent recovery wave above the ,000 resistance zone. BTC climbed above the ,000 and ,000 levels. However, the bears were active near the ,000 level.
A high was formed at ,137 and the price is now moving lower. There was a break below the ,000 support level. The price declined below the 23.6% Fib retracement level of the recovery wave from the ,778 swing low to the ,137 high.
Bitcoin is now trading below ,000 and the 100 hourly Simple moving average. The bulls are now trying to protect the 50% Fib retracement level of the recovery wave from the ,778 swing low to the ,137 high at ,500.
Immediate resistance is near the ,000 level. There is also a short-term declining channel or a bullish flag forming with resistance at ,200 on the hourly chart of the BTC/USD pair. The first major resistance could be ,000.
Source: BTCUSD on TradingView.com
If there is a clear move above the ,000 resistance zone, the price could continue to gain strength. In the stated case, the price could even clear the ,000 resistance zone in the near term. The next key resistance sits at ,000.
More Losses In BTC?
If Bitcoin fails to rise above the ,000 resistance zone, it could continue to move down. Immediate support on the downside is near the ,500 level.
The first major support is ,500. The next support sits at ,000. If there is a close below ,000, the price could start a drop toward the ,200 level. Any more losses might send the price toward the ,500 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 60 level.
Major Support Levels – ,500, followed by ,500.
Major Resistance Levels – ,000, ,000, and ,000.
Bitcoin Price Rejects $70K, Here Are Key Levels To Watch
Bitcoin price is still struggling to clear the ,000 resistance. BTC is slowly moving lower and might soon drop toward the ,000 support.
- Bitcoin price is struggling to clear the ,500 and ,000 levels.
- The price is trading above ,000 and the 100 hourly Simple moving average.
- There is a key bullish trend line forming with support at ,000 on the hourly chart of the BTC/USD pair (data feed from Kraken).
- The pair could continue to move down and trade toward the ,000 support zone.
Bitcoin Price Starts Consolidation
Bitcoin price made another attempt to gain strength above the ,000 level. BTC cleared the ,500 level, but the bears were active near the ,000 resistance zone.
A high was formed at ,981 and the price started a downside correction. There was a move below the ,500 and ,200 levels. The price declined below the 23.6% Fib retracement level of the upward wave from the ,200 swing low to the ,981 high.
Bitcoin is now trading above ,000 and the 100 hourly Simple moving average. There is also a key bullish trend line forming with support at ,000 on the hourly chart of the BTC/USD pair. The trend line is close to the 50% Fib retracement level of the upward wave from the ,200 swing low to the ,981 high.
Immediate resistance is near the ,850 level. The next key resistance could be ,200, above which the price could rise toward the ,500 resistance zone.
Source: BTCUSD on TradingView.com
If there is a clear move above the ,500 resistance zone, the price could even attempt a move above the ,000 resistance zone. Any more gains might send the price toward the ,000 level.
More Losses In BTC?
If Bitcoin fails to rise above the ,850 resistance zone, it could start another decline. Immediate support on the downside is near the ,000 level and the trend line.
The first major support is ,000. If there is a close below ,000, the price could start a decent pullback toward the ,500 level. Any more losses might send the price toward the ,400 support zone.
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 – ,000, followed by ,000.
Major Resistance Levels – ,850, ,200, and ,500.
Ethereum Price Rejects $2,600, Can Bulls Save This Key Support?
Ethereum price struggled to extend gains above ,600 and ,620. ETH trimmed gains and might struggle to stay above the ,500 support zone.
- Ethereum attempted a fresh increase but failed to surpass ,620.
- The price is trading below ,550 and the 100-hourly Simple Moving Average.
- There is a key bearish trend line forming with resistance near ,540 on the hourly chart of ETH/USD (data feed via Kraken).
- The pair start another increase if the bulls protect the ,500 and ,470 support levels.
Ethereum Price Revisits Support
Ethereum price started a fresh increase above the ,520 resistance zone. ETH even climbed above the ,550 level, but the bears were active near ,600, like Bitcoin.
The price traded as high as ,614 and recently started a fresh decline. There was a move below the ,550 support zone. The price traded below the 61.8% Fib retracement level of the upward wave from the ,471 swing low to the ,614 high.
Ethereum is now trading below ,550 and the 100-hourly Simple Moving Average. The bulls seem to be currently active above the 76.4% Fib retracement level of the upward wave from the ,471 swing low to the ,614 high.
On the upside, the price is facing resistance near the ,540 level. There is also a key bearish trend line forming with resistance near ,540 on the hourly chart of ETH/USD. The next major resistance is now near ,580. A clear move above the ,580 level might start a decent increase. In the stated case, the price could rise toward the ,620 level.
Source: ETHUSD on TradingView.com
The next key hurdle sits near the ,650 zone. A close above the ,650 resistance could start another steady increase. The next key resistance is near ,720. Any more gains might send the price toward the ,800 zone.
Downside Break in ETH?
If Ethereum fails to clear the ,540 resistance, it could start another decline. Initial support on the downside is near the ,500 level.
The next key support could be the ,470 zone. A downside break below the ,470 support might send the price further lower. In the stated case, Ether could test the ,400 support. Any more losses might send the price toward the ,350 level.
Technical Indicators
Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone.
Hourly RSI – The RSI for ETH/USD is now below the 50 level.
Major Support Level – ,500
Major Resistance Level – ,540