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…
Read more
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…
Read more
Key point: Bitcoin’s bounce off the moving averages may improve sentiment, pushing BNB, SOL, LINK, and AAVE above their overhead resistance levels. Bitcoin’s (BTC) failure to close above $110,000 may have attracted profit-booking by short-term traders. That has pulled the price near $108,000. Crypto analyst Daan Crypto Trades said in a post on X that…
Read more
Key point: BTC’s rally above $109,000 has invalidated a bearish pattern, setting the stage for bulls to make a run at a new all-time high. Bitcoin (BTC) rallied sharply on Wednesday and is trying to continue its uptrend on Thursday, indicating sustained demand from the bulls. 10x Research head of research Markus Thielen told Cointelegraph…
Read more
Key point: Bitcoin (BTC) pulled back to $105,250 on Tuesday after failing to cross above the $109,000 mark on Sunday and Monday. Bitfinex analysts said in a market report that Bitcoin could have formed a local top or may enter a period of consolidation. Let’s study the charts to determine the crucial support and resistance…
Read more
Key points: Bitcoin is facing selling near $109,000, but the shallow pullback suggests the uptrend may resume. BNB and HYPE are showing strength, having broken above their immediate resistance levels. Bitcoin (BTC) has started the week on a soft note, with the bears trying to pull the price below the $107,000 level. Bitcoin remains on…
Read more
Key points: Bitcoin aims for its highest weekly close above $109,000, but higher levels are likely to attract sellers. HYPE, BCH, LINK, and SEI could extend their rallies if Bitcoin price stays above $105,000. Bitcoin (BTC) made a solid comeback this week, rising more than 6%, indicating strong buying near the $100,000 level. The bulls…
Read more
Key points: Bitcoin is facing selling near $108,000, but the likelihood of a break above it remains high. Several major altcoins remain in a range, but some are showing signs of breaking above their near-term overhead resistance levels. Bitcoin (BTC) is facing selling just above $108,000, but a positive sign is that the bulls have…
Read more
Key points: Bitcoin’s relief rally rose above $108,000, but the bulls may struggle to push and sustain the price above the all-time high of $111,980. Several major altcoins have bounced off their recent lows but are not finding buyers at higher levels. Bitcoin’s (BTC) relief rally that started on Monday, following US President Donald Trump’s…
Read more
Key points: Bitcoin’s bounce from the $100,000 shows buyers are committed to the overarching bull trend. Select altcoins have broken below respective support levels, suggesting further weakness for mid-caps in the near term. Bitcoin (BTC) has held above the psychological support of $100,000, but the strength of each will determine whether or not the bullish…
Read more