Key points: Sellers will attempt to halt the recovery at $74,508, but if buyers bulldoze their way through, the rally may reach $84,000. Select major altcoins have risen above their overhead resistance levels, signaling solid demand at lower levels. Bitcoin (BTC) rallied to $74,508 on Monday, a level that is a key near-term resistance. Crypto…
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Key points: Bitcoin turned down from the $74,000 level, indicating that the bears remain sellers on rallies. Several major altcoins are showing strength and are likely to break above their immediate resistance levels. Bitcoin (BTC) turned down from the $74,000 level, indicating that the bears are vigorously defending the level. Glassnode said in its latest…
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Key points: Rising oil prices have not hurt crypto sentiment as buyers attempt to push Bitcoin above $69,000 Buyers are attempting to propel several major altcoins above their overhead resistance levels, indicating demand at lower levels. A sharp rally in oil prices failed to deter cryptocurrency buyers who pushed Bitcoin (BTC) above $69,000 on Monday.…
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Key points: Analysts believe that Bitcoin will have to stay above the $68,000 level to continue its recovery. Several major altcoins have turned down from their overhead resistance levels, indicating that bears remain in control. Bitcoin’s (BTC) relief rally was rejected at the $74,000 level, and the bears have pulled the price below $68,500. Select…
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Key points: Bitcoin’s strong recovery above $74,000, backed by solid inflows into the US spot Bitcoin ETFs, suggests the formation of a short-term bottom. Several major altcoins are attempting to take part in the recovery by rising above their overhead resistance levels. Bitcoin (BTC) bulls made a strong comeback on Wednesday by pushing the price…
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War in the Middle East failed to sink Bitcoin (BTC) below the $63,000 level. That may have attracted buyers who are attempting to maintain the price above $69,000. However, a quick recovery is unlikely. Macroeconomic newsletter Ecoinometrics said in a post on X that deep drawdowns generally unfold slowly, advising “patience rather than urgency.” Data…
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Key points: Bitcoin continues to face selling on minor rallies, indicating a negative sentiment. Several altcoins have turned down from the overhead resistance levels, indicating the bears are active at higher levels. Bitcoin (BTC) continues to face selling on rallies, with bears attempting to sink the price below $66,000. However, some analysts believe the downside…
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Bitcoin’s (BTC) weakness extended into the weekly open as major stocks sold off in response to US President Donald Trump’s threat to enforce a 15% global tariff after the Supreme Court ruled that his IEEPA tariffs were illegal. Market sentiment remains fragile, as the Crypto Fear & Greed Index at 5 out of 100 remains…
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Key points: Bitcoin bulls are struggling to sustain the intraday rallies, indicating that every minor rise is being sold into. Select major altcoins are showing weakness, signaling a drop to their strong support levels. Bitcoin (BTC) bulls pushed the price above $68,300 but are struggling to maintain the higher levels. BTC is likely to record…
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Key points: Bitcoin remains under pressure, and the downside might accelerate if the $65,118 level is breached. Several major altcoins are attempting a recovery, but the bears remain sellers on rallies. Bitcoin (BTC) bulls are attempting to hold the price above $67,000, but the bears have continued to exert pressure. A positive sign for the…
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