Key points: Continuation of Bitcoin’s consolidation seems likely in the near term, but the trend remains positive as long as the price remains above $110,530. Charts for BNB, XLM, LTC, and ETC are looking positive. Bitcoin (BTC) remains in a consolidation phase as bears thwart the bulls’ attempt to sustain the price above $120,000. According…
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Key point: Bitcoin (BTC) has been consolidating after hitting the all-time high of $123,218. Although BTC has not given up much ground, its falling dominance of the total crypto market capitalization shows that money is flowing into altcoins. Will Sui (SUI) be one of the beneficiaries this altseason? Let’s analyze the charts to find out.…
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Key point: Bitcoin (BTC) is taking a breather, but a positive sign is that the bulls have not ceded much ground to the bears. That suggests the bulls are holding on to their positions as they anticipate the uptrend to resume. US-based BTC exchange-traded funds recorded $799.4 million in inflows on Wednesday, the tenth successive…
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Key point: Bitcoin (BTC) pulled back after hitting a new all-time high of $123,218 on Monday, indicating profit-booking at higher levels. The correction seems to be technical in nature, as the underlying demand remains strong. Bitcoin treasury companies purchased 159,107 BTC in Q2, according to BitcoinTreasuries.NET. The retail investors were not to be left behind.…
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Key points: Bitcoin is facing profit booking near $123,000, pointing to a minor consolidation or correction in the near term. Several major altcoins have broken above their overhead resistance levels, indicating the start of a new uptrend. Bitcoin (BTC) started the new week on a strong note, rising above $123,000, but higher levels are witnessing…
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Key points: Bitcoin remains strong as long as it stays above $110,530. Bitcoin breaking to new all-time highs has attracted buying in select altcoins such as ETH, HYPE, UNI, and SEI. Bitcoin (BTC) has been on a roll, rising above $118,800 on Friday, indicating sustained buying by the bulls and short covering by the bears.…
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Key points: Bitcoin (BTC) surged to a new all-time high on Thursday, and the bullish sentiment has rubbed off on select altcoins. One such altcoin is Sui (SUI), which rallied 11.3% to $3.41. Could SUI continue its upward move? Let’s analyze the charts to find out. SUI price prediction SUI turned up sharply from the…
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Key point: Bitcoin’s momentum continues to accelerate above $113,000, leading traders to predict a rally to $150,000. Bitcoin (BTC) made a new all-time high above $113,788 on Thursday, and several analysts expect the uptrend to continue. 10x Research head Markus Thielen told Cointelegraph that BTC has a 60% probability of rising more than 20% in…
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Key point: Bitcoin is finding support at $107,245, showing investor sentiment remains positive, and every minor dip is being purchased. Bitcoin (BTC) is attempting to bounce off the moving averages, indicating buying on dips. Although the price is just below the all-time high of $111,980, it is not yet in the overvalued zone. CryptoQuant contributor…
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Key points: Bitcoin is facing selling near $110,500, but the bulls are expected to aggressively defend BTC price at its key moving averages. XRP is trying to break above its immediate overhead resistance level. Bitcoin (BTC) continues to face selling near the $110,500 level, indicating that the bears are vigorously defending the level. A positive…
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