Bitcoin Could Rally Toward $78,000—Then Fall To New Lows In Q2, Top Analyst P...
Bitcoin (BTC) is pressing up against a major decision point after failing to break above the $76,000 resistance level. Following consecutive rejections in that area, the cryptocurrency has shifted into consolidation once again. Bitcoin Set For A ‘Final Push’ One of the latest bullish takes came on Wednesday from market analyst Ted Pillows, who recently suggested that Bitcoin has broken out of a broader 7-month downtrend. In his view, this shift is supported by a technical signal on the weekly chart: a weekly MACD bullish cross. Pillows argues that, together, these developments could....
Related News
XRP has recovered from the recent market pullback and is attempting to confirm the $3.00 level as support. However, an analyst suggested that the cryptocurrency risks a new retest of the range lows before bullish momentum continues. Related Reading: Cardano Retests Key Support As SEC Delays ETF Decision – Is An October Rally Brewing? XRP’s Daily Close Key For Momentum XRP has reclaimed a crucial level as support while the crypto market stabilizes from this week’s market downturn. The altcoin has been trading sideways over the past week, hovering between $2.85-$3.10 range. The....
Certified market analyst Tony Severino has revealed that the Litecoin 2M Bollinger band width has hit new lows. He explained what this means and how it provides a bullish outlook for the altcoin. Litecoin’s 2M Bollinger Band Hits New Record Lows In an X post, Severino stated that the Litecoin 2M Bollinger Band Width has continued to set new record lows, representing the tightest volatility in LTCUSD history. The expert further revealed that the 2M candle closed as a Hammer above the Bollinger Band basis despite the wick to the downside. Related Reading: Signal That Sparked 100% Litecoin....
In a newly published chart, Elliott Wave specialist and crypto analyst Big Mike (@Michael_EWpro) outlines a precise roadmap for Bitcoin’s price action, indicating that a break above $95,000—or a bounce from lower support near $72,895—could propel BTC toward the $130,000–$140,000 region. His analysis builds on detailed wave counts, multiple Fibonacci extension targets, and critical moving averages, offering a granular look at the BTC’s near- and mid-term possibilities. What’s Next For Bitcoin? Big Mike’s chart displays a complex Elliott Wave structure consisting of five main impulse waves....
In March, few expected Bitcoin to be in the place that it currently is in. The coin is up over 200% since the lows of March, showing that the crypto market is far from dead. Back at the lows, there were some that feared that cryptocurrencies wouldn’t be around for much longer. Bitcoin’s ongoing rally was predicted by some analysts, though. One such analyst predicted the cryptocurrency would retest $10,000 by May, just months after […]
Bitcoin and Ethereum have undergone strong rallies over recent weeks since their September lows. BTC currently trades for $16,000, far above the $9,800 lows seen in September. Other assets have also ripped higher. Not everyone is convinced that this rally will continue, though. One analyst explained that with the second wave of the pandemic sweeping the world, along with Ethereum and Bitcoin running up against a key resistance level, a drop could follow suit. Bitcoin’s […]