Day: May 6, 2021

April Showers Could Blossom Return Of Bitcoin Bull Run This May

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A storm monthly of April is now in the past, and although the forecast was looking glooming for Bitcoin for a while there, bulls are breaking through the clouds and it could blossom another bullish impulse higher. Here’s a closer look at the technical Indicator that suggests the top crypto is back to bull mode after a few rainy days. We’ll also learn for sure if the phrase “April showers brings May flowers” is true. Will A Stormy April Bring A Bountiful May For Bitcoin? The idiom “April showers bring…

Ethereum Sets New ATH, Why Dips Remain Attractive In Near-Term

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Ethereum extended its rally and it traded to a new all-time high near $3,550 against the US Dollar. ETH price is correcting gains, but it is likely to remain well bid near $3,400. Ethereum extended its rally above $3,500 and it traded to a new all-time high near $3,550. The price is now trading well above $3,400 and the 100 hourly simple moving average. There is a major bullish trend line forming with support near $3,390 on the hourly chart of ETH/USD (data feed via Kraken). The pair is correcting…

Bitcoin Reclaims 100 SMA, Here’s Why BTC Could Surge above $58K

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Bitcoin price started a decent increase above the $56,000 resistance against the US Dollar. BTC is showing positive signs and it could aim a break above $58,000. Bitcoin formed a support above $54,000 and it recovered above the $56,000 zone. The price is now trading above the $56,000 level and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $54,850 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair traded as high as $57,994 and…