Key points: Bitcoin and most major altcoins have bounced off their support levels, indicating solid demand at lower levels. Buyers may find it difficult to sustain the recovery, as the bears are expected to sell on rallies. Bitcoin (BTC) made a strong comeback on Monday, rising above $111,000. Traders turned bullish after US President Donald…
Read more
Key points: Bitcoin is finding buying support below the $107,000 level, but the relief rally is likely to be sold into. Several altcoins have reached strong support levels, but the lack of a solid rebound suggests the downward pressure may continue for a while. Bitcoin (BTC) remains under pressure as bears attempt to maintain the…
Read more
Key points: Bitcoin’s recovery is facing selling at higher levels, indicating that the bears remain in control. Several altcoins have turned down from their overhead resistance levels, signaling selling on rallies. Bitcoin’s (BTC) recovery is facing selling on rallies, but a positive sign is that the bulls are trying to form a higher low near…
Read more
Key points: Bitcoin and several altcoins have bounced off their Friday lows, but higher levels are likely to attract solid resistance from the bears. BTC price and select altcoins could see rangebound action for a few days. The US stock markets, Bitcoin (BTC) and altcoins are trying to claw their way back up from the…
Read more
Key points: Bitcoin has pulled below $116,000, but select analysts expect buyers to step in at lower levels and arrest the decline. Select altcoins have reached critical support levels where the buyers are expected to mount a strong defense. Bitcoin (BTC) attempted a recovery on Friday, but higher levels attracted selling. That has pulled the…
Read more
Key points: Bitcoin experienced profit booking on Tuesday, but the shallow pullback suggests that the bulls are not rushing to the exit, as they anticipate the uptrend to continue. Many altcoins rebounded off their support levels, indicating buying at lower levels. Bitcoin (BTC) turned down sharply on Tuesday, but the bears could not pull the…
Read more
Key points: Solid buying in Bitcoin ETFs last week helped propel the price to a new all-time high on Sunday, with buyers attempting to extend the rally on Monday. Several altcoins are showing strength and are striving to rise above their overhead resistance. Bitcoin (BTC) pulled back after hitting a new all-time high of $125,708…
Read more
Key points: Solid inflows into spot Bitcoin ETFs show that bulls are back in the driver’s seat and a rally to a new all-time high is likely. BNB is leading the altcoin recovery, with several altcoins poised to break above their overhead resistance levels. Bitcoin (BTC) rose close to $123,900 on Friday, continuing its march…
Read more
Key points: Bitcoin has broken above the $117,500 resistance, opening the gates for a retest of the all-time high at $124,474. Several altcoins have started a strong relief rally, signaling solid buying at lower levels. Bitcoin (BTC) closed September with gains of more than 5% and the bulls extended the gains on the first day…
Read more
Key points: Bitcoin could challenge the $117,500 level if buyers secure a daily close above $114,000. Altcoins are trying to start a relief rally, but are still expected to face selling at higher levels. Bitcoin (BTC) extended its recovery above $114,000 on Monday, indicating aggressive buying by the bulls. BTC remains stuck in a range,…
Read more