Bitcoin Comes Up Short at $23,650, Ethereum Faces Rough Seas By DailyCoin
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© Reuters Bitcoin Comes Up Short at $23,650, Ethereum Faces Rough Seas- has been attempting to break above the resistance level at $23,650.
- has grown slowly after rebounding from the $1,565 support zone.
- Technical indicators show bullish signs for BTC and indecision for ETH.
The price of Bitcoin has shown potential signs of breaking above the $23,650 resistance level, with the need to clear the $24,000 resistance for a steady increase in the near term.
As of this writing, the price has been trading below $23,500 and the 100 hourly moving average. However, the pair has broken above a key bearish trend line near $23,300 on the hourly chart, indicating a positive trend.
Bitcoin Attempts to Build Momentum
If the BTC/USD pair steadily rises to clear the $23,650 and $24,000 resistance levels, it may head towards the $24,600 resistance…
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© Reuters Bitcoin Comes Up Short at $23,650, Ethereum Faces Rough Seas- has been attempting to break above the resistance level at $23,650.
- has grown slowly after rebounding from the $1,565 support zone.
- Technical indicators show bullish signs for BTC and indecision for ETH.
The price of Bitcoin has shown potential signs of breaking above the $23,650 resistance level, with the need to clear the $24,000 resistance for a steady increase in the near term.
As of this writing, the price has been trading below $23,500 and the 100 hourly moving average. However, the pair has broken above a key bearish trend line near $23,300 on the hourly chart, indicating a positive trend.
Bitcoin Attempts to Build Momentum
If the BTC/USD pair steadily rises to clear the $23,650 and $24,000 resistance levels, it may head towards the $24,600 resistance…
Continue Reading on DailyCoin
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