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Bitcoin Price Nosedives $5K, Why BTC Could Extend Losses Reading Time: 2min read Bitcoin price started a sharp decline after it broke the $60,000 support zone against the US Dollar. BTC is correcting gains, but it is likely to face sellers below $58,000. Bitcoin declined heavily below the $60,000 and $58,000 support levels. The price is now trading well below $58,000 and the 100 simple moving average (4-hours). There was a break below a key bullish trend line with support near $62,000 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair is correcting losses, but it might...

TA: Ethereum Corrects Losses, Here’s Why $2,300 Is A Major Hurdle Reading Time: 2min read Ethereum started a sharp downside correction below $2,400 and $2,300 against the US Dollar. ETH price is correcting losses, but it is likely to face sellers near $2,300. Ethereum declined heavily from well above $2,400 and tested the $2,000 zone. The price is now trading well below $2,300 and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $2,250 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to face a strong resista...

The S&P 500 rallied significantly during the course of the week to close towards the top of the range, as it looks like we are ready to continue going higher.

TA: Ethereum Corrects Rally, But 100 SMA Could Spark Fresh Increase Reading Time: 2min read Ethereum climbed further above the $2,500 level against the US Dollar. ETH price is correcting gains, but it is likely to remain stable near $2,350 and the 100 hourly SMA. Ethereum gained pace above $2,500 and it traded to a new all-time high near USD 2,548. The price is now trading well above $2,400 and the 100 hourly simple moving average. There is a key rising channel forming with support near $2,420 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to resume its rise as long...

TA: Ethereum Outperforms Bitcoin, Why Bulls Could Aim $2,500 or Higher Reading Time: 2min read Ethereum extended its rally to a new all-time high near $2,450 against the US Dollar. ETH price is now consolidating gains, with high chances of more gains above the $2,450 level. Ethereum traded above $2,400 and topped near the $2,450 level. The price is now trading well above $2,400 and the 100 hourly simple moving average. There is a major bullish trend line forming with support near $2,370 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to continue higher towards the $2...