Is Bitcoin Headed For A Rally Or Ruin? This Key Price Point Could Decide
Although Bitcoin has seen a noticeable rebound following its negative price performance on the red Monday witnessed this week, the asset now appears to be at a critical juncture, according to prominent crypto analyst Benjamin Cowen. Cowen disclosed in a series of posts on X that Bitcoin faces what traders call a “death cross”—a technical chart pattern that could signal either a potential recovery or further losses. However, BTC’s only ability to avoid the further plunge hinges on a notable key price point. Related Reading: Imminent Death Cross Formation Emerges For....
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The XRP price appears to be approaching higher valuations as liquidity levels point to increasing buying pressure. According to a crypto market expert, this trend could set the stage for a potentially powerful rally. However, the altcoin must first break through the key resistance level at $2.40 to confirm a sustained move upwards. XRP Price […]
Crypto trader James Wynn has predicted that the Bitcoin price rally is not done, with an all-time high expected to happen soon. This comes as the Bitcoin price has continued to stall between $102,000 and $106,000 with no discernible pattern that could point to where the price could be headed next. While the new all-time […]
With the Bitcoin price seeing some recovery after crashing to $102,000, speculations now abound as to where the pioneer cryptocurrency could be headed next. So far, it has been a mixed bag, with some expecting a rally similar to the COVID rally to follow, and others believing that this is the start of the bear market. In the same vein, a pseudonymous crypto analyst has painted a clear picture of where they expect the Bitcoin price to go, depending on how it performs in relation to the midpoint level. What Happens If The Bitcoin Price Stay Above the Midpoint? Presently, the midpoint line is....
Crypto analyst XForce has predicted that the XRP price could rally to $10 on a wave 3 impulsive move to the upside. The analyst also indicated that the bottom was in for XRP even as the crypto market remains in a downtrend. XRP Price Headed To $10 On Wave 3 Move In an X post, XForce told XRP holders to get ready for a rally to $10 or higher, which he described as a conservative wave 3 target. He noted that there are minor market inefficiencies in the local timeframes for the XRP price. However, the analyst added that the macro chart shows clear accumulation and a solid price floor after....
Bitcoin price could be in for a sharp drop if traders decide to book profits off their recent long positions. Bitcoin Price Key Highlights. Bitcoin price made a strong weekend rally as expected and is back in consolidation once more. A symmetrical triangle formation can be seen on the 1-hour time frame, indicating hesitation among both bulls and bears. Signs of rally exhaustion were seen in the past week, which suggests that profit-taking activity could happen. Technical Indicators Signals. The 100 SMA is above the 200 SMA, which means that the path of least resistance is to the upside and....