Amid Dogemania, Why Bitcoin’s Bullish Case Holds Up
Bitcoin has regained momentum. At the time of writing, BTC trades at $57,225 with a 1.5% profit in the daily chart and sideways movement in the lower timeframes. The general sentiment in the market is divided, investor’s attention seems to have gone towards Ethereum (+27.3%) and Dogecoin (+88.4%), cryptocurrencies with impressive rallies in the 7-day […]
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Crypto analyst The Cryptagon has raised the possibility of the Ethereum price mirroring Bitcoin’s 2018 to 2021 cycle, which he indicated was bullish ETH. This development comes amid record selling among ETH investors, which continues to exert downward pressure on the crypto. Ethereum Could Be Mirroring Bitcoin’s 2018-2021 Cycle In a TradingView post, the Cryptagon stated that Ethereum has been repeating Bitcoin’s 2018 to 2021 cycle very closely. He remarked that ETH’s long-term holders may remain bullish just by looking at this BTC cycle, seeing as ETH could achieve a similar end result....
The Bitcoin market has recorded high levels of volatility in previous weeks, resulting in significant corrections and a fragile bullish sentiment. Amid this delicate market, a market analyst with X username PlanD is projecting an incoming parabolic rally that hinges on the strength of a crucial support level. Related Reading: Bitcoin Price In Trouble As Sell-Side Momentum Spikes — $92,000 Next? Here’s Why Bitcoin Bulls Must Preserve $94,500 Price Point – Analyst In a recent post on November 15, PlanD drew market attention to a potentially bullish situation on the BTCUSDT chart.....
In the last week, Bitcoin’s correction took another drastic turn as prices retested the psychological $100,000 price zone, triggering heavy waves of liquidation. Although the premier cryptocurrency witnessed some rebound after, the current market price remains 19.02% away from the all-time high at $126,198. In the hope of a sustained recovery, a popular analyst with the X username PlanD has outlined one critical market condition. Related Reading: Bitcoin Valuation Reset: MVRV Slides Into Macro Correction Territory — What This Means Bitcoin 50-Week EMA Holds Bullish Structure –....
In the face of ongoing market volatility, Shiba Inu (SHIB) has demonstrated impressive resilience as it holds strong above the pivotal support level of $0.00002045. While fluctuations and market uncertainty have swayed many altcoins, SHIB’s ability to stay above this key level signals a growing sense of stability and bullish potential. The support at $0.00002045 […]
Which direction will Bitcoin’s price choose? Bitcoin’s movement. After its downward trend, Bitcoin’s price stopped on March 17th-18th and a rebound started forming. This is only natural, some traders are closing their positions at the lowest points, while the buyers who expect a new upward trend, are buying bitcoins at the most profitable price. However, that price is also the most risky. There are no specific signs of a buyer’s advantage in a situation like this, and such signs are important for stable profits. That’s why the trend will most likely change at the $412 resistance. This....