Browsing: support

Bitcoin traded near $81,400 on Oct. 16 after rebounding from a weekly low of $79,800, leaving its recovery dependent on holding the 50-day moving average and breaking a pattern of lower highs. Bitcoin hovered near its 50-day moving average at $81,279 after slipping below $80,000 this week. Trader Ardi identified $84,200 as the level needed…

Today’s XRP price forecast signals a -1% overnight drop to $1.39, contrasting with a slightly positive broader market. This drop was primarily driven by a sell-off in leveraged derivatives positions ahead of the Evernorth Nasdaq listing scheduled for October 12. Trading volume has dropped more than -53% in 24 hours, with transaction value now at…

Ethereum had a strong start to the week and a quieter end. $ETH ran from around $2,575 on September 20 to a weekly high near $2,800 on September 22, then gave back half of that gain and settled into a range between $2,650 and $2,700. It is currently trading at about $2,687.

Bitcoin traders brace for volatility as the CLARITY Act awaits a Senate vote to move forward and the Fed is due to announce its latest rate decision.

Bitcoin’s 200-week moving average, a key long-term support indicator, has surpassed $65,000 for the first time, marking a historic milestone. This moving average reflects Bitcoin’s price trend over four years and has traditionally acted as a strong price floor, rarely breached except during major economic crises. The rise suggests Bitcoin’s structural baseline is strengthening, making…