Bitcoin price consolidation leans toward ‘another leg higher’
Bitcoin is a way off from its $67,000 all-time high, but analysts say historical data and fractals point toward “another leg” up. On Oct. 22 Bitcoin (BTC) price entered what some traders predict to be a "consolidation phase" as investors lock in profits following a non-stop run-up in price that began on Oct. 1 and saw BTC increase 55% in just three weeks. Data from Cointelegraph Markets Pro and TradingView shows that a wave of midday selling on Friday dropped the price of Bitcoin from support at $63,300 down to the $60,000 level. BTC/USDT 1-day chart. Source: TradingViewHere’s what market....
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XRP is still in consolidation mode after hitting a new seven-year high in January 2025. This consolidation has seen the price drop slowly, but steadily, losing around 40% of its value since then. Currently, bulls seem to have created support for the altcoin at $2, as this level continues to hold even through crashes. Thus, it has created the expectation that the bottom could be close for the XRP price, and this could serve as a bounce-off point. XRP Price Consolidation Could Be Over Soon Taking to X (formerly Twitter), crypto analyst Dark Defender revealed that the consolidation that the....
Bitcoin price continues trading into a narrowing range and the market seems to have foregone decline in favor of consolidation. The consolidation floor and expectations going forward are discussed below. Yesterday’s analysis stated that, barring a bullish resurgence, the 1-hour chart stochastics imply bearish bias. The hope was expressed that, if decline sets in, it will be contained above $500. Well, today’s chart saw price decline according to the stochastic indication and, additionally, it appears that the correction since the June high has reached a consolidation floor at Bitstamp $600....
Ethereum Price Key Highlights. Ethereum price is still slowly climbing, transitioning into a rising wedge formation from an earlier ascending channel. Price bounced off the mid-channel area of interest as predicted in an earlier article, reflecting increased bullish pressure. With the consolidation getting tighter and ethereum price approaching the peak of the wedge, a breakout in either direction is imminent. Waiting for Bitcoin Breakout? Bitcoin is also stuck in a consolidation pattern, as traders are probably on the lookout for more catalysts. This has kept ethereum price in....
Bitcoin price has spent another day in the vicinity of its consolidation pivot level of $640 (Bitstamp). Consolidation leads to break-out, but traders are advised to mind the possibility of a fake-out. The horizontal magenta line shows the $640 (Bitstamp) level around which price has been oscillating for the past two weeks. Any move below is quickly bought back up to $640 and any advance above, eventually returned to this level. Even the downward spike, a few blocks before the halving event, had targeted $640 – overshot and snapped back to it. At the time of writing, price is just $640,....
XRP has surged dramatically higher in the past day. The coin is up 30% against the U.S. dollar in the past 24 hours, making it the top-performing crypto asset in the top 100 by market capitalization. That’s no joke, XRP, a coin that has almost continually been bleeding out since the 2018 highs, has gained […]