Bitcoin Recovery Falters — Weak Volume Signals Possible Exhaustion of Buyers
Bitcoin price failed to recover above $107,000. BTC is trimming gains and might could continue to move down if it trades below $102,500. Bitcoin started a fresh decline after it failed to clear $107,000. The price is trading below $105,500 and the 100 hourly Simple moving average. There was a break below a bullish trend line with support at $104,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move down if it settles below the $102,500 zone. Bitcoin Price Trims Gains Bitcoin price started a recovery wave above $105,000. BTC recovered above the....
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XRP is trading at a critical juncture, struggling to hold support below the $2.5 mark after weeks of heavy selling pressure. Bulls are finding it increasingly difficult to regain control, and overall sentiment across the market remains weak following sharp declines in major altcoins. Yet, some analysts argue that this exhaustion phase could represent a local bottom — a setup that historically precedes strong rebounds in XRP’s price. Related Reading: Bitcoin Bulls Rely on STH Realized Price Support Cluster: Loss Could Trigger $100K Retest According to data shared by CryptoQuant analyst....
Bitcoin price could be due for a quick selloff at this point, as profit-taking might happen ahead of the weekend and next week’s EU referendum. Bitcoin Price Key Highlights. Bitcoin price has been on a tear these days but some technical indicators are hinting at an exhaustion. Price is closing in on the $800 level, which is an area of interest visible on longer-term time frames. If a selloff is seen at the current levels, it could find nearby support at $700. Technical Indicators Signals. The 100 SMA is above the 200 SMA for now so the path of least resistance is to the upside. In....
Bitcoin (BTC) is experiencing a notable price recovery, reclaiming the $85,000 level after a 4.3% increase in the past 24 hours. This rebound has sparked renewed optimism among investors, who are now looking for signs of further momentum in the market. However, while Bitcoin is showing signs of a potential uptrend, on-chain data suggests that market demand remains weak, which could impact the sustainability of this rally. Related Reading: Bitcoin & Altcoin Volume Fades—Investor Exhaustion Setting In? Bitcoin Demand Drops Despite Price Recovery Recent on-chain analysis by CryptoQuant....
The XRP price saw a sharp upward boost on Tuesday, April 7th, owing to the somewhat de-escalating tensions between the United States and Iran. This price momentum follows multiple weeks of unstimulating price movements, mirroring the general market’s uncertain state. During those moments of relative silence on the charts, user activity seemed to drop alongside prices. Data from a recent on-chain analysis revealed a significant decline in XRP trading activity on Binance, the world’s leading exchange by trading volume. Weak Volume Signals Cooling Market Momentum In a Quicktake post on....
Bitcoin price found support at the bottom of its ascending channel visible on the 4-hour time frame, but buying pressure seems weak. Bitcoin Price Technical Analysis. Bitcoin price halted its sharp drop yesterday, bouncing off the ascending channel support illustrated in the previous post. Buyers seem to be getting back in the game at that point, possibly yielding another climb back to the resistance at $780. Technical indicators are giving mixed signals for now so a breakdown might still be possible. Technical Indicators Signals. The 100 SMA is above the longer-term 200 SMA so the path of....