Key points: Bitcoin is facing resistance at $90,500, but a positive sign is that the bulls have kept up the pressure. Several major altcoins are attempting to start a recovery, but are expected to face selling at higher levels. Sellers are attempting to maintain Bitcoin (BTC) below the $90,500 level, but the bulls continue to…
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Key points: Bitcoin is attempting a recovery, but higher levels are likely to attract solid selling by the bears. Several major altcoins are at risk of breaking below their support levels. Bitcoin (BTC) bounced off the $86,000 level, but the bulls are struggling to sustain the higher levels. That shows selling on rallies. Although analysts…
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Key points: Bitcoin is attempting to find support near the $94,500 level, signaling a positive sentiment. Buyers will have to defend the support levels in select major altcoins, else the recovery could fizzle out. Bitcoin (BTC) is attempting to find support near $88,000, but a handful of US and global macroeconomic factors are creating headwinds…
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Key points: Bitcoin could remain under pressure as the US-EU trade war could create a risk-off environment in the short term. Most major altcoins have turned down from their overhead resistance levels, signaling that the bears remain in command. Bitcoin’s (BTC) pullback is attempting to find support near $92,000, but the bears have kept up…
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Key points: Bitcoin is attempting to find support near the $94,500 level, signaling a positive sentiment. Buyers will have to defend the support levels in select major altcoins; else the recovery could fizzle out. Bitcoin’s (BTC) shallow pullback is attempting to find support near the $94,500 level, indicating a lack of aggressive selling by the…
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Key points: Bitcoin is showing considerable strength in the short term, opening the gates for a rally to $100,000 and then to $107,500. Select major altcoins are showing strength, but Monero (XMR) is leading from the front. After the sharp rally on Tuesday, Bitcoin (BTC) bulls are attempting to extend the gains above $97,000. The…
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Key points: Bitcoin could reach the $94,789 level, where the bears are expected to step in. Select major altcoins are showing strength, indicating that the recovery may continue for some more time. Bitcoin (BTC) bulls have pushed the price above $92,000, but higher levels may attract sellers. The net outflows of $1.37 billion from BTC…
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Key points: Bitcoin bulls will have to successfully defend the moving averages to increase the possibility of a break above $95,000. Most major altcoins have turned down from their overhead resistance levels, indicating that the bears are active at higher levels. Buyers are attempting to maintain Bitcoin (BTC) above the $90,000 level, but the bears…
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Key points: Bitcoin turned down from its overhead resistance but is expected to find support at the moving averages. Select major altcoins are facing selling near their overhead resistance levels, but the shallow pullback suggests the recovery may continue. Bitcoin (BTC) is under pressure as bears attempt to sustain the price below $91,500. BTC exchange-traded…
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Bitcoin and several major altcoins have continued their march higher, indicating improving investor sentiment and sustained demand from the bulls. Source link