Bitcoin Examined: These Critical Points Are ‘Very Bad’ For BTC, Analyst Says
Popular crypto analyst Crypto Rover is navigating the choppy waters of the Bitcoin market, offering a measured analysis tinged with cautious optimism. In a recent YouTube video, Rover dissected the recent price action, highlighting both bearish indicators and potential bullish triggers that could send Bitcoin soaring. Related Reading: Avalanche On The Verge: Will AVAX Break Out And Reach $65? Bitcoin Tests Crucial Support, Buy Orders Set The immediate future of Bitcoin appears to hinge on its ability to hold key support levels. Rover pinpointed the $58,000 to $60K mark as a critical zone,....
Related News
The winds of change are swirling around Polkadot (DOT). After a month-long slump that mirrored a broader cryptocurrency market downturn, DOT finds itself at a critical juncture. Technical indicators hint at a bullish reversal, with some analysts predicting a significant price surge for the interoperable blockchain darling. However, a recent spending spree by the Polkadot Foundation has cast a shadow of doubt, leaving the community divided. Falling Wedge Hints At Breakout, Analysts Eye $9 Target As technical analysis presents a potentially hopeful picture, DOT holders’ hope wavers. On....
Bitcoin fast approaching towards a critical intersection of macro support, according to a crypto analyst. Critical Intersection Of Macro Support As pointed out by a Bitcoin analyst on Twitter, the cryptocurrency is coming closer to an intersection with a macro support curve. BTC macro support curve | Source: TheCryptoCactus The above chart showcases how Bitcoin […]
Ethereum has been struggling to garner any technical strength in the time following its dip below $380 This is a critical level that has determined its trends in the past, and the break below it is quite bearish Where the entire market trends next will likely depend on Bitcoin, but any near-term BTC downside could force ETH below a critical support level It is currently trading just a hair above this level, and one analyst […]
VeChain has followed the general sentiment in the market and it’s currently trading in the green. Its 24-hour profits stand at 7.8% with VET’s price exchanging hands at $0.053. Related Reading | VeChain Foundation Announces New Stablecoin, Could It Create Fresh Demand For VET? In a recent video posted on his YouTube channel, analyst Justin Bennett looked into VeChain as the sell-off across the crypto market seems to slow down. As seen below, on the weekly timeframe, the analyst believes VET’s price is yet to come out of the wood. As the chart shows, VeChain broke an important....
Binance CEO CZ has argued that crypto firms that have been poorly managed, poorly operated, or have released poorly designed products should be left to crumble. Binance founder and CEO Changpeng “CZ” Zhao argues that “bad” crypto projects should be left to fail and not receive bailouts from crypto firms with healthy cash reserves. In a June 23 blog post, CZ said that firms that have been poorly operated, poorly managed or have released poorly designed products shouldn’t receive bailouts — and should instead be left to crumble: “In short, they are just ‘bad’ projects. These should not be....