Bitcoin Price Consolidates Above Support, Breakout Hopes Strengthen

Earlier today, in the first of our twice-daily Bitcoin price watch pieces, we documented the breakout above $400 we saw last night. Traditionally, strong psychological levels (such $100, $200, $500, $1,000 etc.) will initiate the kind of volatility we saw on the break, and when they are broken to the upside, will often retest as support. Conversely, but similarly, when a key level breaks to the downside, it will often retest as resistance. In this instance, however, we've not seen this retest. Price has stayed buoyant despite the inevitable run of profit taking, and this suggests there is....

Bitcoin price started a fresh increase above the $108,000 zone. BTC is now consolidating gains and might aim for a move above $110,750 Bitcoin started a fresh upward move above the $108,000 zone. The price is trading above $108,000 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at $108,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears the $110,750 resistance. Bitcoin Price Consolidates Gains Bitcoin price found support near the $107,400 zone and recently started an....

What to Know: 1️⃣ Aster’s 26% breakout yesterday and potential path to a $10B market cap show selective altcoins can still advance despite broader market weakness. 2️⃣ The key Aster support near $1.13 suggests even the current pullback could preserve the bullish structure while flushing excess leverage and sentiment. 3️⃣ Traders rotating beyond majors are […]

Cardano has surged more than 40% from its early April lows, signaling renewed bullish interest across the altcoin space. As the broader crypto market faces macroeconomic uncertainty and consolidates just below major resistance levels, ADA is now entering a critical phase. Price action remains range-bound, but sentiment is shifting as investors eye key technical patterns that could define the next move. Related Reading: $380M In Ethereum Leaves Exchanges In 7 Days – Accumulation Trend Accelerates Top analyst Carl Runefelt recently highlighted that Cardano is consolidating within a....

Post scripting another breakout from a contracting channel, Bitcoin rose to an intraday high of $247.99. With this gain, Bitcoin has marched towards the primary target of $250. On the increased hopes of a possible Greek government deal with its creditors, Bitcoin is trading up 1.04% at $246.98. Market participants must book partial profits when the first target is met. The other two targets of this breakout are $255 and $260. Technical indicators overlaid on the 240-minute BTC-USD price chart tell of a positive undertone for Bitcoin. Bitcoin Chart Structure - As can be seen from the above....