A recent analysis on TradingView indicates that Bitcoin may be nearing a critical moment, potentially breaking below key support levels. Current buying pressure is waning, raising concerns that Bitcoin could drop to $80,000 or even $73,000 in the near future. The asset is trading between a resistance level at $108,000 and a support level at ...
Bitcoin is facing difficulties as it struggles to break through the $100,000 resistance level, currently hovering around $96,500. After attempting to rise above $97,000, Bitcoin has started to decline, slipping below key support levels. If it can stay above $96,000, there’s a chance for recovery, but failing to do so could lead it toward $95,000. ...
Peter Brandt, a veteran trader, is skeptical about Bitcoin’s optimistic predictions following its rise to over $97,000. His technical analysis suggests that Bitcoin may struggle to exceed the $200,000 mark before 2030. While Bitcoin has shown a slight daily gain, it has declined over the week, indicating potential challenges ahead. Brandt points to significant resistance ...
Bitcoin’s price has recently slipped below a key moving average, raising concerns among traders about the Market‘s strength. Many are questioning whether this dip is just a temporary setback or the start of a more significant decline. Observers are closely watching important support levels to gauge Bitcoin’s next move. If Bitcoin fails to regain its ...
According to James Check, the lead analyst at Glassnode, Bitcoin’s price movements are similar to the 2016-2017 cycle and could reach between $120,000 and $150,000. He refers to this range as the “topping cloud,” suggesting that prices above this level may not be sustainable for long. Currently trading around $103,000, hitting $150,000 would yield significant ...
Bitcoin, currently trading above $100,000, is showing signs of potential volatility that traders may want to watch. A key indicator, the rolling 60-day price range, reveals that its price movement is becoming tighter, suggesting stable Market conditions. Historically, this pattern has often been followed by significant price swings. Analysts note that this tightening has preceded ...
Andrew Hecht, a seasoned Wall Street professional with 35 years of experience, specializes in commodities and precious metals. He leads The Hecht Commodity Report, a comprehensive service that tracks the Market movements of 20 different commodities. Subscribers benefit from informed insights, including bullish, bearish, and neutral Market calls, along with tailored trading recommendations. Andrew actively ...
XRP, the third-largest cryptocurrency, is making headlines as it approaches the significant $3 mark, currently trading around $2.65. To reach this milestone, XRP must overcome a tough resistance level between $2.85 and $2.9, which has historically challenged its price increases. If XRP breaks through, it could pave the way for further gains and attract more ...
Dogecoin’s price fell by 16% to around $0.40 on Tuesday, following failed attempts to break past $0.50, leading many traders to reduce their positions. After experiencing a surge of 175% in November, the asset is now struggling to maintain momentum amid profit-taking activities. The open interest in Dogecoin futures also declined by $380 million, reflecting ...
Dogecoin’s price fell by 16% to around $0.40 on Tuesday, following failed attempts to break past $0.50, leading many traders to reduce their positions. After experiencing a surge of 175% in November, the asset is now struggling to maintain momentum amid profit-taking activities. The open interest in Dogecoin futures also declined by $380 million, reflecting ...
