Bitcoin Rejection Sparks Caution: Is The Rally Losing Steam?
Bitcoin’s recent rejection near key resistance has raised fresh concerns about the strength of its ongoing rally. After a steady climb, signs of selling pressure are beginning to emerge, hinting that bullish momentum may be weakening. With price now hovering around critical support zones, the next move could determine whether the uptrend regains traction or starts to lose steam. 2–618 Pattern Triggers: BTC Rejected At $78,000 In a market update, analyst Kamile Uray revealed that the long-anticipated 2-618 pattern for Bitcoin has officially activated. After the price approached the $78,037....
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Cardano’s (ADA) bullish momentum is losing steam as bearish pressure mounts, forcing the price to retreat from the critical $0.8119 level. After a promising attempt to push higher, ADA bulls are now struggling to maintain control, with sellers stepping in to reclaim dominance. The recent rejection of this key resistance suggests that downward pressure is building, raising concerns about whether the altcoin can hold its ground or slip further. With technical indicators hinting at growing weakness, the focus now is on the next support zones to determine if a deeper correction is on the....
Bitcoin has pushed considerably higher since falling to $10,400 this week on news that BitMEX was being charged by the CFTC. The cryptocurrency wicked as high as $10,760 just a day ago as buyers re-enter the market. The cryptocurrency may be “losing some steam” on an extremely short-term basis, though. Bitcoin May Be Losing Some Steam Bitcoin has pushed considerably higher since falling to $10,400 this week on news that BitMEX was being charged by […]
Dogecoin transactions have dropped to lowest levels since 2017 as DOGE loses 30% value over the past month. Is the coin losing steam? Dogecoin Daily Transactions Count Drops To Just 16,441 Dogecoin chain data shows the crypto’s daily transactions count has declined to just 16,441, a value that the coin hasn’t seen since 2017. The […]
Readers of the weekend update article will no doubt now understand why I said that I was going to pocket my gains in bitcoin at the $715 point. To recap, this is what the daily chart looks like: I pointed out that as of Saturday night, pricetime was bumping up against 4th arc resistance. While 4th arcs do not typically stop strong advances such as this one cold (but NEVER say never), they quite often slow advances down with a pullback. So it was that I suggested that it was a good time to pocket the $80/coin we had made since we called the start of the advance at the end of the 3rd square.....
Bitcoin is officially in full parabolic rally mode, with the cryptocurrency’s recent break above $20,000 giving way for it to see a massive rise Its price rallied as high as $23,700 overnight before facing a steep rejection that sent it spiraling down to lows of $22,400 The buying pressure here was intense, and has since allowed it to rally higher It is important to note that although the crypto did face a rejection, it is […]