Page 20 - Support Levels News Today

TA: Bitcoin Aims Strong Recovery, Here’s A Key Pattern For Short-term Bottom Reading Time: 2 mins read Bitcoin price is likely forming a double bottom pattern near the $42,150 zone against the US Dollar. BTC is showing positive signs and it could climb towards $47,000. Bitcoin is finding a strong buying interest above the $42,000 and $42,150 support levels. The price is still trading well below $47,000 and the 100 hourly simple moving average. There was a break above a connecting bearish tren...

TA: Bitcoin Nosedives $10K, Here’s Why Recovery Could Face Hurdles Reading Time: 2 mins read Bitcoin price declined over $10,000 against the US Dollar after Elion Musk’s tweet. BTC is now correcting losses, but the previous support near $52,000 could act as a hurdle. Bitcoin started a major decline from well above $55,000 and it even traded close to $45,000 The price is now trading well below $55,000 and the 100 hourly simple moving average. There was a break below a key rising channel with...

TA: Bitcoin Fails Again, Here’s Why BTC Remains At Risk of More Losses Reading Time: 2 mins read Bitcoin price failed once again to clear the $60,000 resistance zone against the US Dollar. BTC is showing a few bearish signs, but the $52,500 support holds the key. Bitcoin failed to gain pace above $59,500 and it even struggled to test $60,000. The price is now trading near the $55,500 support and the 100 simple moving average (H4). There was a break below a key contracting triangle with suppor...

TA: Bitcoin Resumes Uptrend, Here’s Why BTC Could Rally Above $60K Reading Time: 2 mins read Bitcoin price remained well supported near the $56,000 support zone against the US Dollar. BTC is rising and it may soon break the key $60,000 resistance zone. Bitcoin found support above $56,000 and started a fresh increase. The price is now trading well above the $57,500 level and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $57,900 on t...

TA: Bitcoin Holds Key Support, Here’s What Could Trigger A Sharp Decline Reading Time: 2 mins read Bitcoin price failed to clear the $58,500 resistance against the US Dollar. BTC is correcting lower and it could decline heavily if there is a break below $55,500 Bitcoin struggled to clear the $58,500 resistance and started a fresh decline. The price is now trading below the $57,000 level and the 100 hourly simple moving average. There is a key rising channel forming with support near $56,000 o...

TA: Bitcoin Reclaims 100 SMA, Here’s Why BTC Could Surge above $58K Reading Time: 2 mins read Bitcoin price started a decent increase above the $56,000 resistance against the US Dollar. BTC is showing positive signs and it could aim a break above $58,000. Bitcoin formed a support above $54,000 and it recovered above the $56,000 zone. The price is now trading above the $56,000 level and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance nea...

TA: Bitcoin Extends Decline, Here’s Why BTC Remains At Risk Below $56K Reading Time: 2 mins read Bitcoin price extended its decline and tested the $53,000 zone against the US Dollar. BTC is correcting higher, but it is facing a lot of hurdles near $55,000 and $56,000. Bitcoin remained in a short-term bearish zone and it extended its decline to $53,000. The price is now trading well below the $56,000 level and the 100 hourly simple moving average. There is a key bearish trend line forming with...

Charted: Dogecoin (DOGE) Surges 50%, Here’s Why The Bulls Are Not Done Yet Reading Time: 2 mins read Dogecoin remained strong and it rallied further above $0.5000 against the US Dollar. DOGE surged over 50% and it traded to a new all-time high above $0.6500. DOGE extended its rally and it cleared the $0.5000 and $0.5500 resistance levels against the US dollar. The price is trading well above the $0.5000 zone and the 100 simple moving average (4-hours). There is a key bullish trend line formin...

TA: Bitcoin Trims Gains, Here’s Why The Bulls Could Struggle Near $57K Reading Time: 2 mins read Bitcoin price failed to continue higher towards $60,000 against the US Dollar. BTC declined sharply and tested the $54,500 support zone, where the bulls took a stand. Bitcoin failed to extend gains and it formed a short-term top near the $59,000 level. The price is now trading well below the $57,000 level and the 100 hourly simple moving average. There was a break below a major bullish trend line ...

Charted: Dogecoin (DOGE) Beats Bitcoin, Why It Could Test $0.5 Reading Time: 2 mins read Dogecoin extended its rally above the $0.4000 resistance against the US Dollar. DOGE tested the $0.4500 zone and it is likely to continue higher in the near term. DOGE gained bullish momentum above the $0.3500 and $0.4000 resistance levels against the US dollar. The price is trading nicely above the $0.3000 support and the 100 simple moving average (4-hours). There is a crucial bullish trend line forming wi...