Bitcoin price holds key support level — Can BTC rebound to $43K next?
Relief rally hopes rise as BTC price remains stuck inside the $34,000-$45,000 range. Bitcoin (BTC) looks poised to test the $43,000 level in March, according to a technical setup shared by Rekt Capital, a pseudonymous market analyst. BTC rebounds from solid 2022 supportBitcoin's drop toward $37,000 yesterday was met with modest buying sentiment, leading to a price rebound above $39,000 on March 8. Interestingly, the upside retracement move originated around the same upward sloping trendline serving as an accumulation zone for traders in 2022.Update after 2 months: Too many retail investors....
Related News
Dogecoin is at a critical point, with its price hovering around $0.16. Traders are watching closely, as this support level could be the deciding factor in whether the meme coin takes off or tumbles further. If history is any guide, maintaining this level could spark a rally, while losing it may bring more pain. Related Reading: Bitcoin’s ‘Ugly Start’ – Weekend Sell-Off Pushes Price Near $80K Dogecoin: Key Level To Watch The $0.16 support level is not just a random number—it has been a crucial zone for Dogecoin. If it stays above this mark, there’s a strong chance of a rebound. Past price....
Bitcoin is undergoing a correction toward the upward trend. That rebound can become a turn to decline. What is the most likely scenario for a turn? A stop and a rebound of Bitcoin’s price off the level of large trading volumes at $456 indicates that that trend is backed by some degree of support. But that situation can change, which we’ll be able to see, when judging by the structure of the price. If the bulls will continue to hold the advantage, a fortification at the level of $456 is unlikely. That means that in an upward scenario, Bitcoin’s price has to not form a turn at that level. In....
Ethereum’s price is forming a downward correction toward the medium-term trend. The price is approaching a significant level, which may serve as the peak of that rebound. When will the rebound end? Until Ethereum’s price breaks through the level of $9.7, which we wrote about earlier, the entire downward movement will remain just a correction. Beyond $9.7, the movement will grow into something larger than the entire upward trend, which has started at $7. The exponential average and the large trading volumes at $9.7 serve as support levels for that medium-term upward trend. That’s why if the....
Ethereum’s price is currently in a rebound towards the downward trend. How deep will this rebound be? Will the rebound grow into a turn to growth? The short-term upward trend is actually a rebound toward the medium-term downward dynamics. So it’s a bit too early to be talking about a turnaround in the medium-term scale. For the continuation of the downward trend to become likely, Ethereum’s price has to fortify at the level of $8. After forming a turn there, there will be a good chance for the downward trend to continue. That will indicate that the bulls are a minority at that level. But....
XRP has reached a critical $1.9 support level, a price point that could define its short-term trajectory. At the same time, the Composite Trend Oscillator indicator is signaling oversold conditions, hinting at the possibility of a price rebound. Oversold readings typically suggest that selling pressure may have peaked, paving the way for buyers to regain control. The spotlight is now on the $1.9 support level—will it act as a launchpad for a bullish reversal, or will bears push XRP into deeper declines? As the market watches closely, this combination of technical signals and price action....