Bitcoin is struggling to clear the $40,000 resistance zone against the US Dollar. BTC must settle above $40,000 to start a steady upward move. Bitcoin struggled to clear the $40,000 resistance zone and corrected lower. The price is trading below $39,000 and the 100 hourly simple moving average. There was a break below a short-term contracting triangle with support near $38,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a major increase if there is a close above the $40,000 resistance zone. Bitcoin Price Faces Key Resistance Bitcoin price remained in a positive zone above the $38,00 pivot level. BTC even broke the $39,500 resistance level. The bulls made a couple of attempts to clear the $40,000 resistance zone, but they failed. The recent swing high was formed near $39,888 before there was a downside correction. There was a move below the $39,000 and $38,800 support levels. Besides, there was a break below a short-term contracting triangle with support near $38,800 on the hourly chart of the BTC/USD pair. The pair is now trading below $39,000 and the 100 hourly simple moving average. A low is formed near $37,028 and the price is consolidating losses. On the upside, an immediate resistance is near the $38,200 level and the 100 hourly SMA. The next key resistance is near the $38,500 level. It is near the 50% Fib retracement level of the downward move from the $39,888 swing high to $37,028 low. Source: BTCUSD on TradingView.com The main resistance is now near the $38,800 level. It is close to the 61.8% Fib retracement level of the downward move from the $39,888 swing high to $37,028 low. A clear move above the $38,800 resistance could send the price further higher. In the stated case, it could even attempt a clear move above $40,000. Dips Limited in BTC? If bitcoin fails to clear the $38,800 resistance zone, it could start a downside correction. An immediate support on the downside is near the $37,200 zone. The next major support is seen near the $36,400 level. If there is a downside break below the $36,400 support, the price might gain bearish momentum towards $35,000. Technical indicators: Hourly MACD – The MACD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $37,200, followed by $36,400. Major Resistance Levels – $38,200, $38,800 and $40,000.

Bitcoin Price Prediction – February 27 The Bitcoin price prediction shows that BTC is falling below the moving averages as it trades around the $38,248 [...]

The Floki Inu (FLOKI) bears have engulfed all the gains traders made during February’s first week. The meme coin turned down from the $0.00006 resistance and hit the January low support of $0.000032. However, this 48% devaluation has interested the market participants, suggesting a possible reversal.  Key technical points:  The FLOKI price rally jumps 28%

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The price of Chainlink (LINK) is in a downward correction as the cryptocurrency holds above the previous low at $13.

The massive move upside had MIR form a golden cross

The price of Dogecoin (DOGE) is in a downward correction as the cryptocurrency has regained the previous low at $0.12.

Bitcoin Cash Price Prediction – February 26 The Bitcoin Cash price prediction shows that BCH price is preparing to cross above the moving average to [...]

Polygon (MATIC) price fails to capitalize on the previous session’s gains. MATIC opened higher but could not sustain the higher levels. The current price action could extend by another 10% to $1.35 before polygon set any directional basis. Polygon (MATIC) trades lower with significant losses. A decisive break below $1.26 could trigger a fresh round

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Terra (LUNA) price continued to perform exceptionally well since February 21 despite Thursday’s rout. However, the price remains pressured near the session’s high. LUNA was among the largest crypto market gainers for two years as demand for decentralized financial services picked up among retail traders. Terra (LUNA) price edges higher on Saturday. Luna has outperformed

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Ripple’s (XRP) price could not sustain the previous session’s gains on Saturday. XRP bounce back strongly on Friday after the Russia-led war on Ukraine send shockwaves across global markets on Thursday. But the price finds it difficult to move beyond the 50-day EMA (Exponential Moving Average) as it hovers near the crucial barrier. Ripple (XRP)

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The price of Uniswap (UNI) is in a downward correction at the bottom of the chart.

The price of Polkadot (DOT) continued its downward correction after the price fell below the previous low of the January 22 plunge.