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Bitcoin Holds Above $58.4K Support
Yesterday there was some FUD surrounding the U.S. government moving $2 billion worth of Bitcoin for Mt. Gox repayments. However, Bitcoin’s $58.4K support level has continued to hold. There has been a lot of neutral price action near this support level, and I would continue to monitor the $58.4k support level to see if it […]Read More
Ethereum Making Slow Progress to Break Through $2.7K – $2.8K Resistance
Ethereum continues to trade under a key resistance zone between $2,683 and $2,863. ETH is making some slow progress here, and is trying to flip $2,683 from resistance into support. There is a risk of rejection here so I would pay close attention to the $2,683 level for a break or rejection. Follow me on […]Read More
Bitcoin Remains Above $58.4K Support Level for 5+ Consecutive Days
Bitcoin continues to hold above the $58,400 support level over the past 5 days, and today will be the 6th day if Bitcoin holds. There is $2 billion worth of Mt. Gox Bitcoin on the move right now, which could lead to a drop here. Although Bitcoin is remaining above $58.4K, we are seeing little […]Read More