Weekly Cryptonews

Weekly Cryptonews


After the mixed trading on Monday, the oldest cryptocurrency started to rise. On Thursday, Bitcoin has crossed the 23.6% Fibo level and tested the 50-day SMA. The next resistance for the digital currency will lie at $10,924 (38.2% Fibo level). After that, if bulls are strong, the next resistance will lie at $11,496 (50% Fibo). If bears take over the market, Bitcoin will fall below the $10,353 level. The next support will lie at $10,020. After that, pay attention to the support at $9,488.


The digital silver has strengthened after the consolidation near the $86.26-$89 levels. On Friday, it performed a little bit weaker and moved down to the support at $89. If bulls try to break the 98.86 level once again, the next resistance will lie at $102.81 (38.2% Fibo).  This level is also significant as the 100-day MA moving close to it. If this level is broken, the next resistance will lie at $115.66. From the downside, after the break of the $86.28-$89 levels, the next support will lie at $76.78 (200-day SMA).


Ethereum has been consolidating between the $201 and $225.35 levels. If the resistance at $225.35 is broken, the next resistance will lie at $233. After that, reaching the $250 level seems possible. In case of the bearish strength, the price for Ethereum will fall to the $201 level. If it is broken, the next support will be placed at $192.


After the fall towards the $100.64 level, the cryptocurrency has been trading with a low volatility. The first resistance lies at $106.9. After the breakout, pay attention to the 113.78 level (200-period SMA). Bears need to pay attention to $100.64, $97.3 and $87.5 levels.


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