Bitcoin Price Could Run Up To $131,000 — But It Must Hold Above This Level
The Bitcoin price has been in a red-hot form over the past two weeks, leading to talks of the premier cryptocurrency reclaiming the significant $100,000 mark. Interestingly, the latest on-chain data suggests that the price of BTC could fly past this level and forge a new all-time high over the coming weeks. What Will Happen If Bitcoin Price Falls Beneath $93,145? In an April 26 post on X, popular crypto analyst Ali Martinez shared an exciting analysis and projection for the Bitcoin price over the next few weeks. According to the online pundit, the flagship cryptocurrency could be on its....
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Ethereum is on an obvious bull path given its performance in the last couple of weeks. The digital asset took a turn for the better more than a month after the Merge was completed and accumulation among investors was already in full swing. ETH’s price eventually surpassed $1,600 before encountering rejection and dropping down below. Ethereum Needs To Hold $1,500 Now that the digital asset has been beaten down back below $1,600, support has moved lower. $1,500 is currently serving as the support level for Ethereum at this point. This now makes it the level to hold for bulls and the level....
Bitcoin has been struggling to hold above $19,000 for the past couple of days, with the selling pressure above this price level proving to be significant If sellers continue suppressing the cryptocurrency’s price action and hold it below this level for an extended period of time, it could lead to some serious losses One trader is now noting that Bitcoin could still be on the cusp of seeing further upside in the hours ahead, noting […]
We spotted yesterday what seemed to be an attempt at reversing the current bearish trend, as bitcoin price was well supported at the $220-$230 level; however, the attempted reversal was resisted shortly and the price began to fall again after reaching a high of around $243. By drawing a trend line between the low reached on the 14th of January ($165.82) and the high reached on the 26th of January ($315) on the 1 hour Bitfinex (BTC/USD) charts from tradingview.com, and then plotting the Fibonacci retracements accordingly (look at the below chart), we can see how the downtrend that had....
Bitcoin has been struggling to hold above $17,000, despite this being an important price level for the cryptocurrency Where it trends next will depend largely on whether or not bulls can continue building support at this level So far, each dip below it has been met with intense buy-side support that has allowed it to ascend Where it trends next will likely depend largely on its imminent price action It is important to note that […]
The bitcoin price held above $660 (Bitstamp) today, as the market stays in flux. Another declining wave seems due, but it is unsure whether this will unfold sooner rather than later. Price has held at the $660 level overnight and the market may attempt to hold this level. However, looking at the blue annotations on the left of the chart we can see that an eventual return to the 4hr 200MA (red) is inevitable. Whether the market continues selling off now, or first puts in an upward correction, remains to be seen. A resumption of the sell-off should see price target the $600 level near the....