Key points: Bitcoin could rally to $115,000 and then to $120,000, but the upside looks capped in the near term if the whales continue to sell. Select altcoins look strong and ready to break above their overhead resistance levels. Bitcoin (BTC) started the new week on a positive note with buyers attempting to sustain the…
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Key points: Bitcoin rallied above $113,000 on Friday, but the long wick on the candlestick shows solid selling at higher levels. Several major altcoins are trying to hold on to their support levels, but the bears have maintained their selling pressure. Sellers pulled Bitcoin (BTC) below $110,000 on Thursday, but the bulls bought the dip…
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Key points: Bitcoin made a strong comeback, confirming that dip buyers were present at lower levels; higher levels could continue to attract sellers. Select altcoins have bounced off their respective support levels, indicating a positive sentiment. Bitcoin (BTC) rallied to $112,500 on Wednesday, indicating that the bulls are trying to extend the recovery. The relief…
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Key points: Bitcoin bulls will have to quickly push the price back above the 20-day EMA to prevent a collapse to $105,000. The shallow pullback in select altcoins suggests that the investors are not hurrying to sell them as they anticipate the up move to continue. Bitcoin (BTC) is trying to rise above $110,000, but…
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Key points: Bitcoin risks falling into the $105,000 to $100,000 range over the weekend. Ether has pulled back in the near term, but remains above the crucial $4,094 support. Bitcoin (BTC) dropped near $108,100 on Friday, its lowest level since July 8. That suggests the bulls are losing their grip. Veteran trader Peter Brandt said…
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Key points: Bitcoin selling is mainly attributed to large sales by whales, not a chance in BTC’s market structure. Despite the sharp market correction, Ether and BNB remain strong on the charts. Bitcoin (BTC) bulls are defending the $110,530 support, but the bears have kept up the pressure. CoinShares reported $1 billion in net outflows…
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Key points: Bitcoin’s drop has resulted in net outflows from BTC ETFs on Tuesday, but buyers are likely to step in and arrest the decline near $110,530. Ether bulls are trying to flip the $4,094 level into support, indicating a positive sentiment. Bitcoin (BTC) is attempting to bounce off the immediate support near $112,000, but…
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Key points: Bitcoin risks falling to $110,530, where the buyers are expected to step in. Bitcoin is approaching a solid support, and a strong rebound off it could see buyers return to ETH, BNB, LINK, and MNT. Bitcoin (BTC) is gradually pulling lower, indicating profit booking by short-term traders. Bitfinex analysts said in a report…
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Key points: Bitcoin is showing a negative divergence on the charts, signaling a weakening in bullish momentum. Buyers need to maintain Ether above $4,094 to retain the upper hand. Bitcoin (BTC) extended its pullback on Monday, suggesting profit booking by short-term traders. Analyst Captain Faibik said in a post on X that BTC could drop…
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Key points: Bitcoin’s pullback is finding support near $117,000, indicating buying on dips. Ether has given up some ground but is likely to find support near $4,094. Bitcoin (BTC) turned down sharply from $124,474 on Thursday, but a positive sign is that the bulls are trying to arrest the decline near $117,000. According to a…
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