ApeWatcher News
  • Home
  • Advertise
  • Headlines
  • Crypto
    • News
    • Bitcoin
    • Ethereum
    • Altcoin
    • View All
  • DeFi
  • NFT
  • Metaverse
  • Guides
  • Rates
  • Videos
  • Listing Platform
  • BSC
  • ETH
  • Listing Platform
  • BSC
  • ETH
What's Hot

2024 Will Be the Year Tokenization Truly (Finally) Begins

November 30, 2023

Liquid Staking Tokens Are a Hot Ticket for 2024

November 30, 2023

Crypto exchange FTX gets nod to sell $873M of assets to repay creditors

November 30, 2023
Twitter Telegram
  • Listing Platform
  • Home
  • BSC
  • ETH
Advertise
Twitter Telegram
ApeWatcher News
  • Headlines
  • Crypto
    1. News
    2. Bitcoin
    3. Ethereum
    4. Altcoin
    5. View All

    2024 Will Be the Year Tokenization Truly (Finally) Begins

    November 30, 2023

    Liquid Staking Tokens Are a Hot Ticket for 2024

    November 30, 2023

    Crypto exchange FTX gets nod to sell $873M of assets to repay creditors

    November 30, 2023

    IOTA Jumps 43% After Registering Ecosystem Foundation in Abu Dhabi

    November 30, 2023

    Bitcoin ETF race gets 13th entrant, BlackRock revises ETF model

    November 30, 2023

    Research the dynamics of market manipulation before you jump in Bitcoin ETFs

    November 30, 2023

    Jack Dorsey Leads Funding Round in Move To Decentralize Bitcoin (BTC) Mining

    November 29, 2023

    CME Bitcoin futures show investors betting on $40K BTC price

    November 29, 2023

    NFT sales and pricing are driven by luck, scarcity, and optimism, according to multiple studies

    November 29, 2023

    Santander appoints crypto custodian Taurus to safeguard Bitcoin, Ether: Report

    November 29, 2023

    Ethereum donations top Save the Children HODL Hope Campaign

    November 29, 2023

    Interactive Brokers opens Hong Kong retail crypto trading with OSL

    November 28, 2023

    Crypto exchange FTX gets nod to sell $873M of assets to repay creditors

    November 30, 2023

    Cardano Could Print New 2023 Highs As Over $1,800,000,000 in ADA Accumulates at Current Levels: Trader

    November 30, 2023

    Over 75% of Web3 games ‘failed’ in last five years: CoinGecko

    November 30, 2023

    Crypto Trader Warns Slow Grind Down Incoming for Solana, Chainlink, Avalanche and One DeFi Altcoin

    November 29, 2023

    2024 Will Be the Year Tokenization Truly (Finally) Begins

    November 30, 2023

    Liquid Staking Tokens Are a Hot Ticket for 2024

    November 30, 2023

    Crypto exchange FTX gets nod to sell $873M of assets to repay creditors

    November 30, 2023

    IOTA Jumps 43% After Registering Ecosystem Foundation in Abu Dhabi

    November 30, 2023
  • DeFi
  • NFT
  • Metaverse
  • Guides
  • Rates
  • Videos

    Coin Bureau CRYPTO Portfolio: Ultimate Investing Strategy!

    November 29, 2023

    Ethereum going to $28,000 AFTER BlackRock ETF Approval? | Expert Explains

    November 29, 2023

    Ethereum to $4800 (Cardano Founder GOING Crazy)

    November 28, 2023

    orange-pilled moon boys #bitcoin #crypto

    November 28, 2023

    What’s NEXT For Binance?! Interview With CEO Richard Teng!

    November 28, 2023
ApeWatcher News
Home » Bitcoin price nears critical 200-week moving average as Ethereum touches $1.5K
Ethereum

Bitcoin price nears critical 200-week moving average as Ethereum touches $1.5K

Coin TelegraphBy Coin TelegraphJuly 18, 20220 ViewsNo Comments
Share
Facebook Twitter LinkedIn Pinterest Email

Bitcoin (BTC) hovered at $22,000 at the July 18 Wall Street open as analysts warned that bulls would not break resistance  in one go.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

Can Bitcoin win back bear market support?

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD returning to consolidate after hitting highs of $22,500 on Bitstamp.

That level represented the start of sell-side positions on exchanges clustered around the 200-week moving average (WMA), a key area which commentators argued would be hard to crack.

“Not expecting continuation on Bitcoin, at this point, as we’re facing 200-Week MA & range resistance,” Cointelegraph contributor Michaël van de Poppe told Twitter followers in his latest update.

Fellow trader and analyst Rekt Capital, as others, was also skeptical about the potential for Bitcoin to continue upward momentum immediately.

#BTC still remains below the 200-week MA resistance

Until that level breaks, it’s technically premature to assume this is now a sustained relief rally$BTC #Crypto #Bitcoin

— Rekt Capital (@rektcapital) July 18, 2022

Van de Poppe nonetheless added that a breather for the market would be profitable at current levels. He concluded:

“Slight consolidation would trigger continuation and break above $22.6K would activate massive longs towards $28K. Good times.”

Both Bitcoin and altcoins made the most of relief on equities markets on the day, with Asia and the United States making modest gains as the U.S. dollar retreated.

The S&P 500 and Nasdaq Composite Index were up 0.7% and 1%, respectively, at the time of writing, one hour after the opening bell.

“Prime time for Bitcoin,” on-chain analytics resource Whalemap meanwhile forecast, offering a more optimistic take based on major buyer interest below spot price.

Prime time for #Bitcoin

Bounce from whale supports at ~$21k and we are ready to pic.twitter.com/x8hcmcgUw0

— whalemap (@whale_map) July 18, 2022

Data from fellow monitoring resource Material Indicators showed similar support building on the Binance order book.

BTC/USD order book data (Binance). Source: Material Indicators

Ethereum preserves performance

On altcoins, the show was still being stolen by Ether (ETH), which lingered near $1,500 after sealing its highest levels in over a month, with huge gains against BTC included.

Related: BTC miners ‘finally capitulating’ — 5 things to know in Bitcoin this week

ETH/USD 1-day candle chart (Binance). Source: TradingView

Beating even Bitcoin’s progress, ETH/USD was the darling of traders on the day, firmly upending the previously dire price action in place from May onwards at the start of the Terra LUNA debacle.

This is the first time, in 110 Days, that #Ethereum has broken into a bullish trend, printing Higher Lows & Higher High.

Bears in disbelief.#cryptocurrency pic.twitter.com/MA2KAYzyWu

— wolf (@ImNotTheWolf) July 17, 2022

Upcoming resistance lay in the form of Ethereum’s all-time high from the previous Bitcoin halving cycle at $1,530, which it touched in early 2018.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.



Read the full article here

Follow us on Google News to get the latest Updates

 
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

NFT sales and pricing are driven by luck, scarcity, and optimism, according to multiple studies

November 29, 2023

Santander appoints crypto custodian Taurus to safeguard Bitcoin, Ether: Report

November 29, 2023

Ethereum donations top Save the Children HODL Hope Campaign

November 29, 2023

Interactive Brokers opens Hong Kong retail crypto trading with OSL

November 28, 2023

‘One of Most Bullish Charts I’ve Seen’ – Ex-Goldman Sachs Executive Details Ethereum Outlook As ETH Prints New Pattern

November 28, 2023

Vitalik Buterin thinks AI may surpass humans, community responds

November 28, 2023
Add A Comment

Leave A Reply Cancel Reply

Top Articles

2024 Will Be the Year Tokenization Truly (Finally) Begins

November 30, 2023

Liquid Staking Tokens Are a Hot Ticket for 2024

November 30, 2023

Crypto exchange FTX gets nod to sell $873M of assets to repay creditors

November 30, 2023
ApeWatcher News
Twitter Telegram
  • Privacy Policy
  • Sources
  • Terms and Conditions
  • Contact
  • Advertise
© 2023 Ape Watcher News

Type above and press Enter to search. Press Esc to cancel.