Bitcoin is currently experiencing a price consolidation, finding strong support above the $86,500 mark. After a rise beyond $87,000, the price encountered resistance near $88,000 and has been correcting since then. A bullish trend line is forming on the hourly chart, indicating potential for further gains if Bitcoin can break through the $88,000 and $88,800 ...
Bitcoin is currently facing resistance at its 200-day EMA around $85,500, and a close above this level could signal a potential recovery towards $90,000. Ethereum has found support at $1,861, which if maintained, may lead to a bounce back to the $2,258 mark. Conversely, XRP is encountering resistance at the 50-day EMA near $2.50, and ...
The cryptocurrency Market shows signs of stabilization, but traders remain cautious, especially with altcoins like XRP. XRP, used by Ripple for cross-border payments, has recently increased over 3% to $2.24 due to hopes of a favorable outcome in its legal struggle with the SEC. However, negative trends in funding rates and cumulative volume suggest a ...
The cryptocurrency derivatives Market has recently experienced a significant liquidation event, with over $680 million liquidated in just 24 hours as Bitcoin and other digital assets fell in value. Data shows that long positions accounted for nearly 76% of these liquidations, totaling around $519 million. Bitcoin took the largest hit, with $278 million liquidated, while ...
Ethereum is facing significant challenges, struggling to break through crucial resistance levels for over a year. Despite numerous efforts, the second-largest cryptocurrency has been unable to gain momentum, recently experiencing increased price weakness. Analyst Tony “The Bull” Severino highlights that Ethereum has repeatedly failed to surpass key resistance indicators, indicating a potential for further price ...
Bitcoin is attempting to recover from a recent dip to $85,211, but its lack of strong buying momentum raises questions about its ability to sustain this rebound. While buyers are trying to gain control, key technical indicators show that bullish strength is still weak, leaving Bitcoin vulnerable to further declines. If it can hold above ...
XRP’s recent performance against Bitcoin has left many traders puzzled amidst the shifting cryptocurrency Market. Currently priced at 0.0000262 BTC, XRP has seen significant change from three months ago when it was valued at only 0.000009 BTC. After a remarkable 500% increase, XRP is now trading below its 200-day moving average, indicating a bearish trend. ...
Understanding financial markets can be similar to ensuring your home is secure before leaving for vacation. Just as you might double-check your locked door, markets often revisit and confirm past resistance levels after significant price movements. This “breakout and retest” phenomenon is crucial in various asset classes, including Bitcoin. Currently, Bitcoin’s price drop appears to ...
Bitcoin’s price has recently dropped below the $85,000 support, causing concern among traders. After failing to maintain levels above $88,500, BTC fell heavily, testing the $80,000 zone. Currently, the price is below $82,200 and facing resistance around $83,800. If Bitcoin cannot break above $85,000 soon, it risks further declines. Immediate support is at $80,000, with ...
Bitcoin has started a downward trend after failing to hold above $92,500, now trading below key support levels at $88,000 and $85,000. Currently, BTC is consolidating around $83,500 after previously dipping to $80,525. To prevent further losses, Bitcoin needs to remain above the $80,000 mark. Immediate resistance is around $85,000, with a crucial level at ...
