Bitcoin Faces Persistent Resistance at $100K, Analyst Eyes Next Step
Weeks after hitting an all-time high above $109,000, Bitcoin’s price remains under pressure. It is currently trading below the $100,000 mark, an 11.4% decrease from its peak. The crypto asset’s recent trajectory has raised questions about its next move as it trades within a relatively tight range. According to CryptoQuant analyst Percival, Bitcoin is exhibiting a pattern that hints at upcoming significant market movements. Related Reading: Bitcoin’s Late Longs Liquidated: Is a Breakout Finally on the Horizon? Potential Support Levels and Short-Term Indicators In a post titled “Bitcoin....
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Bitcoin (BTC) has come under intense selling pressure, with crypto analyst Nicholas Merten, known as the host of DataDash, predicting a significant downward leg for the leading cryptocurrency. In a recent strategy session, Merten expressed concerns that BTC is primed for a bearish move. Merten’s analysis revolves around the persistent resistance that Bitcoin has encountered […]
The Cardano price is currently eyeing an impulsive move to the upside following the invalidation of a bearish Relative Strength Index (RSI) divergence. In his analysis, crypto analyst Melika Trader revealed how high ADA could rally following this bullish channel formation. Cardano Price Eyes Impulsive Move To The Upside In a TradingView post, Melika Trader predicted that the Cardano price could rally to between $0.90 and $0.94 as it eyes an impulsive move to the upside. The analyst observed that ADA recently experienced a sharp rally, breaking through resistance levels and establishing a....
The price of Fantom (FTM) shows strength and could be set for a major run against Tether (USDT) with eyes set on $0.7. Bitcoin’s (BTC) price saw a bounce from $23,000 to $24,800 as the favorable news from the consumer price Index (CPI) saw a good response across the boards in the crypto market. As a consequence, the price of Fantom was able to try and break out of its range. Related Reading: Latest Report Shows Ethereum Whales Buy 312 Billion SHIB During Crypto Winter The consumer price Index measures inflation in the economy, due to market sentiments this affects the prices of....
The price of Harmony (ONE) has shown bullish signs and could be set for a major run against Tether (USDT) as it eyes $0.04. Ethereum price rallied with so much strength from a region of $1,670 to $1,924 ahead of Ethereum merge. This has brought relief bounces for many altcoins including the price of Harmony (ONE). Related Reading: Ethereum Price Forecast Remains Bullish As Network Nears Another Milestone Ethereum merge is an upgrade on the Ethereum network from Proof-Of-Work (POW) to Proof-Of-Stake (POS) so as to increase its network efficiency in transactions. (Data feeds from Binance)....
It’s make or break time for S2F as BTC teeters on the bounds of the famous model. PlanB, the brainchild behind the Bitcoin stock-to-flow model, has revealed he is feeling “uneasy” about his renowned price predictions due to the recent downtrend in markets.The stock-to-flow (S2F) model, which has predicted BTC prices with some degree of accuracy over the past two years, has been called into question by some of his followers in a recent Twitter poll.The anonymous analyst surveyed his followers on June 21 asking them what price they thought BTC would reach by the end of the year. He used the....