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Bitcoin Consolidates Below $24,000 After Bullish Weekend Rally

Source Node: https://beincrypto.com/bitcoin-consolidates-below-24000-after-bullish-weekend-rally/
Time Stamp: December 21, 2020 3:37 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

The Bitcoin (BTC) price has reached a bullish weekly close well above the previous long-term resistance area. BTC is currently consolidating just below $24,000 and is expected to break out once more.   Bitcoin Long-Term Movement During the week of Dec 14-21, BTC created a massive bullish candlestick, convincingly breaking through the $19,500 area to reach a high of $24,295. BTC is now in price discovery, having no resistances left to clear above the current price. Technical indicators are still bullish, despite showing that the rally is extremely overbought. BTC

XRP Reverses and Pumps By Nearly 50%

Source Node: https://beincrypto.com/xrp-reverses-and-pumps-by-nearly-50/
Time Stamp: December 18, 2020 10:27 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

While the XRP price has been decreasing since Nov. 24, it reversed its trend on Dec 16, at one point having increased by 50% in less than two days. XRP could correct towards $0.52 and is likely to resume its upward movement afterward. *Note – This article will mostly deal with the short-term movement that has been taking place over the past three days. For a longer-term analysis, please click here. Reversal Leads to Breakout XRP has been falling since Nov. 24, when it reached a high of $0.79. The

Bitcoin Stumbles on Approach to Yet Another All-Time High

Source Node: https://beincrypto.com/bitcoin-stumbles-on-approach-to-yet-another-all-time-high/
Time Stamp: December 15, 2020 4:29 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

The Bitcoin (BTC) price reached a new all-time high on Dec. 1 but was not able to sustain the increase and has dropped back slightly since. However, the price movement suggests that Bitcoin will soon make yet another attempt at breaking out, though a short-term correction could occur prior.   Bitcoin All-Time High Resistance The weekly chart shows that BTC is trading very close to a long-term resistance area, created by the all-time highs near $19,600. Last week, BTC created a hanging man candlestick, which is commonly considered a bearish

Cardano (ADA) Breakout Could Mean New Yearly Highs on the Horizon

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Time Stamp: December 14, 2020 4:04 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

The Cardano (ADA) price has been rejected by a long-term resistance level at $0.17. It has not reached a long-term close above this resistance since June 2018. As long as Cardano is trading inside this bullish structure, it is expected to break out and eventually be successful in finally moving above this resistance zone.   Long-Term Cardano Levels The ADA price has been increasing since March. It moved above the $0.095 resistance area in June, reaching a high of $0.171 before dropping in order to validate the $0.095 area as

COTI Struggles to Sustain Highs After Move Above Resistance

Source Node: https://beincrypto.com/coti-struggles-to-sustain-highs/
Time Stamp: December 4, 2020 1:30 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

COTI (COTI) has been increasing alongside an ascending support line since it reached a bottom on Nov. 3. Nevertheless, COTI is expected to break down from this line and drop towards the support levels outlined below.   COTI Increases Alongside Support The COTI price has been moving upwards since Nov. 3, when it reached a low of $0.025. Since then, COTI has been following an ascending support line, validating it numerous times in the process. While COTI broke out above the $0.04 resistance area and validated it as support afterward,