Ethereum has traded sideways throughout the month of September between $2,100 and $2,500. The price is currently trading near the highs of this range, and I don’t expect to see any exciting price action until October. Historically Ethereum tends to be neutral and slightly bearish in Sept. Next week is also seasonally bearish for crypto so we could see a dip back down to close out the month.
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Iran’s attack on Israel led to a market selloff, which was very timely for Altcoins that were on the brink of breaking out. The Altcoin market has dropped back into the yellow channel again, forming a false breakout. Altcoins are trying to rebound here, and I think the rebound will be dependent on whether BTC […]
Read MoreOver the past 48 hours Bitcoin continues to trade in a tight range between the white support zone and yellow resistance line. BTC is building support at $60.3k and has resistance at $62.1k. There have been 3 retests of the $60.3k support level, and I have my concerns that this support could break over the […]
Read MoreBitcoin is currently trading directly above the white support line around $60.3k. I think today Bitcoin is likely to trade sideways, but once the new daily candle opens at 5 PM PST I think Bitcoin could continue to drop further. This is looking like a dead cat bounce, and I think the $55k price target […]
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Iran’s attack on Israel led to a market selloff, which was very timely for Altcoins that were on the brink of breaking out. The Altcoin market has dropped back into the yellow channel again, forming a false breakout. Altcoins are trying to rebound here, and I think the rebound will be dependent on whether BTC […]
Read MoreOver the past 48 hours Bitcoin continues to trade in a tight range between the white support zone and yellow resistance line. BTC is building support at $60.3k and has resistance at $62.1k. There have been 3 retests of the $60.3k support level, and I have my concerns that this support could break over the […]
Read MoreBitcoin is currently trading directly above the white support line around $60.3k. I think today Bitcoin is likely to trade sideways, but once the new daily candle opens at 5 PM PST I think Bitcoin could continue to drop further. This is looking like a dead cat bounce, and I think the $55k price target […]
Read More