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TA: Bitcoin Price Gains Traction, Here’s How BTC Could Revisit $60K Reading Time: 2 mins read Bitcoin price gained pace and it cleared the $55,000 resistance zone against the US Dollar. BTC is showing positive signs and it is likely to accelerate higher above $56,500. Bitcoin started a decent increase it settled nicely above the $53,000 resistance. The price is now trading well above $54,000 and the 100 hourly simple moving average. There is a short-term rising channel forming with resistance near $55,850 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely t...

Charted: Ripple (XRP) Could Surge If It Settles Above This Key Hurdle Reading Time: 2 mins read Ripple started a fresh increase after testing $1.00 against the US Dollar. XRP price is likely to surge further if it clears the $1.45 and $1.46 resistance levels. Ripple is showing positive signs above the $1.25 and $1.30 resistance levels against the US dollar. The price is now trading well above $1.3200 and testing the 100 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $1.15 on the 4-hours chart of the XRP/USD pair (data source from Krake...

TA: Bitcoin Price Breaks Hurdle, Here’s Why Bulls Could Aim $58K Reading Time: 2min read Bitcoin price gained pace and it cleared the $53,000 resistance zone against the US Dollar. BTC is consolidating and it seems ready for more gains above $54,000. Bitcoin remained well bid and it was able to clear the $53,000 resistance. The price is now trading well above $52,000 and the 100 hourly simple moving average. There is a key contracting triangle forming with resistance near $54,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to continue higher above the...

TA: Bitcoin Makes Comeback, Here’s Why $53.5K Holds The Key Reading Time: 2min read Bitcoin price tested the $47,000 support zone before starting a recovery against the US Dollar. BTC is showing positive signs, but it might face hurdles near $53,500. Bitcoin is rising and it is trading nicely above the $50,000 pivot level. The price is now trading well above $51,000 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $51,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to rally if there is a...

Despite the ongoing bounce, there are no clear bullish reversal signs for bitcoin. Therefore, it’s possible that another low will be reached prior to a reversal. Weekly bitcoin price movement Last week, BTC completed its second successive bearish candlestick. This led to a low of $46,930 being reached on April 25. The price has recovered slightly … Continued