In a recent Market update, analyst Rekt Capital discussed Bitcoin’s latest dip, comparing it to previous bull cycles, particularly the 2017 pattern of corrections. He coined the term “banana zone” to describe the parabolic phase Bitcoin often reaches. Rekt Capital believes the current price drop is a typical correction and reassured traders that Bitcoin is ...
Bitcoin has recently surged past the $85,000 mark, fueled by optimism following a 90-day pause on tariffs announced by former President Donald Trump. This rally, marking a 15% increase, has sparked renewed interest among traders. However, experts caution that the surge is largely driven by leveraged positions, raising concerns about potential volatility and sharp Market ...
Bitcoin has fallen below the key $80,000 mark, driven down by worries over tariff impacts on the U.S. stock Market. As of Sunday evening, the cryptocurrency dropped about 5%, raising concerns of increased Market volatility. A troubling technical pattern called the “death cross” has emerged, indicating potential further price declines. Investors should keep an eye ...
Bitcoin, the top cryptocurrency, has been facing volatility since reaching a record high of over $109,000 in January 2024. Currently, it stands at around $82,000, reflecting a slight weekly decline of 0.6%. Analyst Crypto Dan notes that Bitcoin’s trading volume over the past six to twelve months indicates the flow of capital in the Market, ...
Bitcoin is approaching a concerning “death cross,” a technical signal that suggests it may face upcoming losses. This occurs when the 50-day moving average of Bitcoin’s price falls below the 200-day average. Currently, there’s a gap of about $2,000 between these averages, indicating that this sell signal could appear soon. Historically, such signals have led ...
Bitcoin faced a setback on March 28, dropping 3.5% to an intraday low of $84,120 after a positive start to the week. This price drop occurred just below a key trendline and threatens to push BTC below its 200-day exponential moving average, possibly leading to further declines. Analysts suggest that if liquidity conditions stay the ...
Bitcoin experienced a decline of 3.5% on March 28, dropping to an intraday low of $84,120 after initially starting the week positively. This price rejection occurred near a descending trendline and the upper range of an ascending channel. Currently, Bitcoin is below the 200-day exponential moving average, which may lead to further losses if it ...
On Wednesday, Bitcoin’s price is stable around $87,000, having recovered 4% in the past few days. Ethereum is showing signs of recovery, finding support at $1,861, while Ripple’s XRP is trading at $2.44 after bouncing back from its 100-day EMA. If Bitcoin maintains support above its 200-day EMA, it could touch $90,000 soon. Ethereum may ...
Bitcoin is currently experiencing a steady increase, trading above $86,500, and showing signs of correction. After a recovery wave, the price has found support around $87,400, forming a bullish trend line on the hourly chart. While it faced resistance near $88,000 and the recent high of $88,500, a breakthrough could see it rise towards $89,500 ...
Bitcoin has shown a steady increase, moving above the $85,500 mark and currently trading around $86,200. Recently, it faced resistance near $88,750 before correcting. The Market appears to have formed a supportive trend line at $86,800, suggesting potential for further upward movement if it surpasses the $87,500 and $88,000 levels. However, if the price struggles ...
