Bitcoin Price Rebound Picks Up Pace With $90K Break in Focus
Bitcoin price started a recovery wave above $88,000. BTC is now consolidating and might soon aim for a move above the $90,000 zone. Bitcoin started a recovery wave and climbed toward $89,000. The price is trading above $87,000 and the 100 hourly Simple moving average. There is a bearish trend line forming with resistance at $88,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move up if it settles above the $90,000 zone. Bitcoin Price Eyes Upside Break Bitcoin price managed to stay above the $83,500 level. BTC formed a base and recently....
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The crypto market saw prices move from key support across all boards, with the crypto marketcap finding some relief recently as it aims to reclaim its resistance of $1.2 trillion. This has led to market sentiments returning bullish, with many crypto assets rallying from the key support and producing double-digit gains. Let us focus on the top 5 cryptocurrencies you should pay attention to this week. Related Reading: Solana Shines In Trending Searches In Last 7 Days – But SOL Price A Different Story Disclaimer: The picks listed in this article should not be taken as investment advice.....
Here's what we are looking at for tonight's session in the bitcoin price. We’ve had another pretty flat day in the bitcoin price, and so we are going to adapt our strategy to focus on intrarange, in an attempt to pick up a position based on action between support and resistance. Of course, we’ll keep our breakout strategy on the backburner, as a bit of volatility can come at any time, but from a charting perspective, our focus is going to be on the bounces and corrections, instead of the sustained directional movements. So, with this in mind, let’s have a look at what we’re focusing on for....
BNB is making a strong comeback as bullish momentum picks up following a recent dip, sparking renewed optimism among traders. After facing significant selling pressure, the price found solid support at the $500 mark, allowing buyers to step in and drive a sharp rebound. This renewed strength suggests that BNB could be gearing up for a larger recovery, with key resistance levels now coming into play. Market sentiment appears to be shifting in favor of the bulls, but challenges remain. The price must overcome crucial resistance zones to confirm a sustained uptrend, while technical indicators....
Bitcoin’s price is in a correction towards the downward trend. The most likely peak of that rebound is getting close. That means that soon a new development will be chosen by the market. At which mark is the price most likely to undergo a downward rebound? Bitcoin’s price has formed a short-term flat under a key resistance line. Whether the downward trend will continue or a turn to decline will form is dependent on the future reaction of the price at the key levels. The key resistance line has descended a little bit toward $455. Several significant instruments are intersecting at that....
The reason for a weak, flat-like movement on altcoin markets is the undergoing correction of a larger scale. After a large rebound ends, a trend of a similarly large scale usually follows. When will the altcoin corrections end? As was expected, Ethereum’s price went into a rebound toward the downward movement. In order for the price to continue moving downward, it needs to break through an important long-term level around $10, which is protected by the bulls. The current rebound will show the future trend of Ethereum. After passing the $10 mark, the movement will become a larger scale one.....