Sentences with phrase «psychological resistance level»

Indeed, after the cryptocurrency dropped below $ 6,273 USD on November 11, 2017, Bitcoin staggers and crouches, as if to gather the impulse to break the $ 6,500 USD psychological resistance level again.

Earlier today Bitcoin surpassed $ 4465 and is now eyeing the next psychological resistance level at $ 4500.

Key psychological resistance level.

This is a psychological resistance level so investors again expect some consolidation to develop in this area.

Not exact matches

After rising by as much as $ 3,000 in April, bitcoin BTCUSD, +0.29 % is looking to push higher through psychological and technical resistance levels, which if breached, could result in a sharp move higher, according to one analyst.

On the other hand, immediate resistances could be faced at 120.00 / 03 (psychological level / Feb 3 high), 120.23 (50 - day SMA) and 120.58 (100 - day SMA).

The stock's been slow to build on its gains since, but final results are due in a couple of weeks & there's little in the way of technical resistance overhead (aside from the psychological EUR 1.00 level).

The resistance levels are generated by 50 - DMA at $ 9.930, psychological $ 10,000 and 50 % Fibo at $ 10,266.

Notwithstanding, the cryptocurrency is likely to breakout of it and rally to about $ 5000 levels, where it should face stiff resistance as it's a major psychological barrier.

An assessment of the Relative Strength Index (RSI) shows momentum is building, although prices are coming up against a firm resistance around the psychological $ 11,000 level.