Bitcoin Set For $88,000? Analysts Forecast May Breakout After Key Weekly Close
As the end of April approaches, some market observers suggest that Bitcoin (BTC) could be preparing to reclaim a crucial level in the coming days, potentially opening the door to another recovery rally next month. Related Reading: Why The 42% Crash From ATH Is Actually Good For Bitcoin And The Crypto Market Bitcoin Sees First Weekly Close Above Key Levels Bitcoin has closed above a crucial level for the first time since January, setting the stage for a potential rally toward higher levels even though it failed to break through another resistance level. Notably, the flagship crypto ended....
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Bitcoin is about to see its next weekly candle close, one that analysts say will be critical. One trader highlighted how this candle will most likely mark Bitcoin’s highest weekly candle since the blow-off top seen at the end of 2017 and start of 2018. The Importance of Bitcoin’s Upcoming Close Bitcoin is about to see its next weekly candle close. In the coming hours, the leading cryptocurrency will print its latest weekly candle. Analysts […]
Levels immediately below the current $23,000 need to hold at the weekly close for Bitcoin bulls to breathe easy, commentators warn. Bitcoin (BTC) recovered above $23,000 into July 22 as attention increasingly focused on the upcoming weekly close.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC price needs to preserve at least $22,400Data from Cointelegraph Markets Pro and TradingView showed BTC/USD finding renewed strength after briefly dipping towards $22,000.The pair traded in a critical zone for bulls on the day, with the 50-day and 200-week moving averages (MAs) still yet....
Bitcoin’s price action around the $70,000 region is beginning to look like the start of a breakout. Bulls are watching closely for a close above the $70,000 resistance that could signal a new upward leg. At first glance, that outcome appears positive. A breakout and weekly close above $70,000 would seem to confirm strength after […]
Ethereum has stalled after hitting the pivotal highs of $420 earlier this week. The coin now trades for $408, failing to break higher even as Bitcoin flirts with yet another breakout ahead of the weekly close. Despite the mixed price action, analysts think ETH remains in bullish standing. Ethereum Analysts Thinks the Uptrend Is Intact One crypto-asset analyst shared the chart below on October 25th. It shows that Ethereum remains in a consolidation below a […]
Bitcoin’s price has been sliding lower throughout the past few hours due to its stalling momentum This decline is occurring directly following an incredibly bullish weekly candle close posted by the cryptocurrency Analysts believe that this close will provide it with some serious strength going forward, potentially putting a firm end to its recent downtrend It is important to note that there is a CME gap that exists around $11,100, which may act as a […]