Price analysis 8/6: BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, BCH, LINK
Bitcoin and most major altcoins are near critical overhead resistance levels, suggesting that the downtrend is very close to ending. Go to Source Powered by WPeMatico
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Bitcoin price blasts through $43K, hitting its highest price since May
Bitcoin’s breakout above $43,000 puts the price at a multi-month high and possibly reignites the bull market that traders have been anxiously awaiting. Go to Source Powered by WPeMatico
Bitcoin fractal that predicted 2020 rally flashes again as BTC price reclaims $40K
The MACD indicator hints at a potential bullish crossover as Bitcoin price retests $40,000 as support. Go to Source Powered by WPeMatico
Bitcoin bulls overtake the $40K barrier ahead of Friday’s $625M options expiry
Securing a close above $40,000 will give bullish pro traders a sizeable advantage in Friday’s $625 million BTC options expiry. Go to Source Powered by WPeMatico
London is live and Ethereum bulls control Friday’s $357M ETH options expiry
$357 million in ETH options expire on August 6 and bears don’t stand a chance given that every neutral-to-bearish put is underwater. Go to Source Powered by WPeMatico
Fresh Bitcoin ETF hopes back BTC’s swift rally above $40,000
Hopes of an eventual BTC ETF approval and a rebound off a key support level pushed Bitcoin price well above the $40,000 level, but can the bulls sustain the current volume? Go to Source Powered by WPeMatico
Analysts debate whether Ethereum’s London hardfork is a “sell the news” event
Analysts caution against a potential “buy the rumor, sell the news” pullback for ETH while historical data shows that the price tends to rise following major network upgrades. Go to Source Powered by WPeMatico
This bullish Bitcoin options strategy targets $50K without risk of liquidation
The Long Condor options strategy allows traders to place bullish bets without taking on liquidation risks. Go to Source Powered by WPeMatico
Analysts identify $40K as the make or break it level for Bitcoin price
Traders identify $40,000 as the pivotal level Bitcoin price needs to trade above in order to avoid a revisit of July’s swing low. Go to Source Powered by WPeMatico
Altcoins and DeFi tokens push higher as Bitcoin price falters at $40K
QNT, SFI and XYO gained more than 20% while bulls attempt to push BTC and ETH back to their local highs. Go to Source Powered by WPeMatico
