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Why Bitcoin Price Could Restart Rally Unless It Dives Below $56.5K Reading Time: 2min read Bitcoin price is correcting gains from $60,000 against the US Dollar. BTC is likely to start a fresh increase as long as there is no close below $56,500 and $55,250. Bitcoin gained bullish momentum above $58,000, but it failed to settle above $60,000. The price is now trading above the $56,500 support and the 100 simple moving average (4-hours). There is a key bullish trend line forming with support near $56,800 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair could start a fre...

Ethereum gained bullish momentum and it cleared the $1,950 resistance against the US Dollar. ETH price tested $2,000 and it is likely to continue higher.

TA: Ethereum Price Holds Strong, Why Dips Remain Limited Below $1,850 Reading Time: 2min read Ethereum gained bullish momentum above the $1,850 resistance against the US Dollar. ETH price is currently correcting lower from $1,945, but it might find bids near $1,850. Ethereum is in a positive zone and it recently climbed above the $1,900 resistance. The price is now well above the $1,850 support and the 100 hourly simple moving average. There is a short-term contracting triangle forming with support near $1,915 on the hourly chart of ETH/USD (data feed via Kraken). The pair could correct lower...

Ethereum is started a major decline from well above $1,850 against the US Dollar. ETH price is trading near the key $1,700 support, below which it could decline heavily.

Bitcoin price is gaining momentum and it broke the $60,000 resistance against the US Dollar. BTC is showing positive signs and it could continue to rise towards $65,000.