Bitcoin and other cryptocurrencies were little changed Tuesday, mostly maintaining gains from a recent rally as analysts turned more bullish on Ether, seeing momentum behind the second-largest digital asset.
“Bitcoin has maintained positive short-term momentum after confirming a breakout last week, and it still has room to … resistance near $35,900,” said Katie Stockton, managing partner at technical research firm Fairlead Strategies. “Support for Bitcoin is at the confluence of the 50- and 200-day moving averages, near $28,300.”
Bitcoin’s rally has also buoyed the entire crypto space and reignited momentum behind Ether, the token underpinning the Ethereum blockchain network. While Ether was down 1% on Tuesday to $1,800, prices have advanced 17% since mid-October, topping $1,800 to trade at the highest levels since August, and the technical market backdrop is improving, according to analysts.
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Cointelegraph - 🏆 562. / 51 Read more »
Bitcoin (BTC) Technical Outlook – Chart Suggests Higher Prices are LikelyBitcoin (BTC) refuses to break lower and the technical outlook remains positive for the weeks ahead
Source: DailyFX - 🏆 305. / 63 Read more »