Bitcoin At Key Retest: Bounce Or $98,000 Next?
On-chain data shows Bitcoin is currently retesting a historically significant level that has often decided the course of the cryptocurrency’s price. Bitcoin Is Retesting The 0.85 Supply Quantile In a new post on X, on-chain analytics firm Glassnode has talked about how Bitcoin is retesting a level that has historically been a “make-or-break” one for the asset. Related Reading: Dogecoin Plunges To $0.18 As Whales Sell 440 Million DOGE The level in question is part of Glassnode’s “Supply Quantiles Cost Basis Model.” The model reflects price levels....
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Bitcoin (BTC) is retesting a crucial support area after its price slid 5% from the recent highs and fell below the $90,000 barrier. Some analysts have suggested that the cryptocurrency’s structure remains intact, but warned that it must bounce quickly or risk retesting the November lows. Related Reading: XRP ETFs Record 13-Day Streak As SOL Funds See Largest Outflows Since Launch Bitcoin Retests $88,000 After Rejection On Friday, Bitcoin lost the recently reclaimed $90,000 level, falling to a key support area before stabilizing. The flagship crypto has been attempting to recover from the....
Ethereum spent the summer months easily outperforming Bitcoin, but that trend reversed as soon as the fall months hit. The change in tune towards the DeFi trend helped take the second-ranked cryptocurrency down to retest resistance turned support. The bullish retest has since held, and it could take the altcoin back to retest highs on […]
As the crypto market recovers from last week’s correction, Bitcoin (BTC) is attempting to reclaim a crucial price zone. Despite the bounce, some analysts have warned that the bottom may not be in yet, suggesting the flagship crypto could soon retest its recent lows. Related Reading: Ethereum Price Set To Break Out Against Bitcoin, But How High Can It Go? Bitcoin Bottom Below $60,000, Says Analyst On Monday, Bitcoin continued its sideways move, trying to turn a key area into support for the third consecutive day. After hitting a two-year low of $60,000 last week, the flagship crypto has....
NEAR price continues to struggle on both low and high timeframe despite showing signs of recovery in recent times. NEAR price trades in a range as the price looks set for a retest of key support areas. The price of NEAR fails to break above resistance despite forming rounded bottom on the daily timeframe. Near Protocol (NEAR) has struggled with the less bullish scenarios as many traders and investors are beginning to get fed up with the price action as the price fails to have a relief bounce against tether (USDT). Near Protocol has shown little or no glimpse of relief bounce as the price....
Earlier today we published a piece outlining action in the bitcoin price over the previous 24 hours or so, outlining the potential fundamental factors that translated to a decline and hinting at the levels we should be keeping an eye on in order to gain insight into action throughout the European session on Thursday. Now the European session is drawing to a close, what have these levels told us about the bitcoin price, and what should we be looking at as we head into the US afternoon? Let's take a look. As the chart shows, the levels we highlighted this morning remain relevant to the....