Select altcoins are moving higher as Bitcoin prepares for a renewed push to $16,000
Unus Sed Leo News
- Price Analysis27716
- Price Analysis
A few major cryptocurrencies are attracting buyers on dips, which suggests that investor sentiment remains bullish.
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Bearish traders are aggressively defending the 50-day SMA on most major cryptocurrencies but once crossed, momentum is likely to pick up.
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Many major cryptocurrencies are breaking out of their critical overhead resistance levels and it seems the uptrend is likely to continue for the next few days.
14576 - Price Analysis
Bitcoin price continues to push higher but major cryptocurrencies should sustain above their 20-day EMA to confirm that the downtrend might be over.
9972 - Price Analysis
After a strong bounce from key support levels, many cryptocurrencies are now struggling to break above the 20-day EMA.
12061 - Price Analysis
Most cryptocurrencies have bounced off their immediate support levels, a positive as this shows demand at lower levels.
21707 - Price Analysis
Most cryptocurrencies have turned down from their overhead resistance levels suggesting a minor correction or period of consolidation will occur in the next few days.
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Many cryptocurrencies are showing signs of buying but traders are cautious as they are yet to break above their critical resistance levels.
10660 - Price Analysis
Bitcoin price remains range bound and several major cryptocurrencies are attempting to break above the overhead resistance levels.
21592 - Price Analysis
Current price action from top cryptocurrencies suggests that the path of least resistance is to the upside, indicating the market could be in the early stages of a new uptrend.
22557 - Price Analysis
As equities markets continue to fall, major cryptocurrencies are likely to remain range-bound for the next few days.
9883 - Price Analysis
The crypto markets are showing some buying at lower levels, which is a positive sign as it shows that investors are accumulating on dips.
8222 - Price Analysis
Most top performers of the past week have bounced sharply from their lows, which is a positive sign as it indicates buying at lower levels.
6280 - Price Analysis
The crypto markets are attempting a relief rally but are struggling to sustain the higher levels. This shows that selling is not over yet.
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