Key points: Bitcoin’s fall has resulted in three consecutive weeks of outflows from crypto ETPs, indicating a negative sentiment. Several altcoins are struggling to start a rebound, indicating a lack of demand from buyers. Bitcoin (BTC) attempted a recovery to start the week, but the long wick on the candlestick shows selling at higher levels.…
Read more
Key points: Bitcoin has broken below the psychological support at $100,000, opening the gates for a potential sell-off to $87,800. Several major altcoins are approaching their support levels but have failed to bounce with strength, increasing the risk of a breakdown. Bitcoin (BTC) appears weak in the near term as bears pull the price further…
Read more
Bitcoin (BTC) bulls pushed the price above $105,000 on Wednesday, but the bears pounced on the rally and pulled the price below $102,000. That shows the bears are not willing to relinquish their advantage. Morgan Stanley Wealth Management investment strategist Denny Galindo has turned cautious on the BTC rally. In a podcast episode titled Crypto…
Read more
Key points: Bitcoin has remained above the $100,000 level on a closing basis, but the risk of a breakdown remains until the price rises above $108,000. Several major altcoins are holding onto their support levels, but a weak bounce heightens the risk of a breakdown. Bitcoin (BTC) has risen above $101,000, indicating that the bulls…
Read more
Bitcoin bulls are aggressively defending the critical $100,000 support level, as a break below it may accelerate selling, potentially pulling BTC price below $87,800. Source link
Key points: Bitcoin will complete a double-top reversal pattern on a close below the $107,000 support. Several altcoins have broken below their immediate support levels, clearing the path for further downside. After October’s dismal performance, Bitcoin (BTC) has failed to change course. BTC has started the new month with a drop to the crucial support…
Read more
Key points: For the first time in seven years, Bitcoin is at risk of ending October in the red. Several altcoins have dropped to their crucial support levels, indicating selling on rallies. Bitcoin (BTC) bulls are attempting to maintain the price above $110,000, but the bears have continued to exert pressure. That increases the risk…
Read more
Key points: Bitcoin’s failure to rise above $118,000 may have attracted profit-booking by short-term traders, resulting in a drop toward $107,000. Several major altcoins turned down from their overhead resistance levels, signaling that the bears remain sellers on rallies. Bitcoin (BTC) bulls are attempting to sustain the price above $111,000, but the bears have continued…
Read more
Bitcoin and several major altcoins have started a strong recovery, but the relief rally is expected to face significant headwinds near major overhead resistance levels. Source link
Key points: Bitcoin’s relief rally is facing selling near $112,000, signaling that the bears have not given up. Buyers have defended the support levels in select major altcoins, but unless they push the price above the overhead resistance, the selling is likely to resume. Bitcoin (BTC) is attempting a comeback, but the bears are selling…
Read more