Bitcoin price nears final hurdle at $12K before bull market euphoria
The price of Bitcoin is nearing $12,000 once again, which may be the signal for the start of a massive new bull cycle. The price of Bitcoin (BTC) had to hold the crucial support level between $11,100-11,300, and it did. After this support test, the price of BTC continued to surge upward on Oct. 20, reaching the crucial resistance area between $11,900-12,200.This upward move came along with weakness in the dollar, as the U.S. Dollar Currency Index (DXY) dropped substantially. A correlation that’s been effective throughout 2020 already. However, other cryptocurrencies haven’t been following....
Related News
Since the crypto market shifted towards positive territory, Bitcoin, the largest digital asset, has maintained a bullish stance during this period, igniting hopes of a continued bull market phase. Following the renewed upward trend, several factors of BTC’s market dynamics are beginning to see positive results, such as the overall supply in profit. Market Euphoria […]
Bitcoin (BTC) investors may need to temper their expectations as the cryptocurrency heads into its final bull run. Analysts indicate that the bull rally could unfold slowly, suggesting a gradual climb to new highs. Traders are being urged to prepare for heightened volatility and plan their strategies carefully to protect gains while staying positioned for potential upside. Slow Climb Expected In Bitcoin’s Final Bull Run A market expert who calls himself Crypto Waterman has shared his latest outlook on Bitcoin’s final bull run. He expects the last leg of the rally to be a slow and....
The XRP price is nearing the final stages of an ABC correction, potentially setting the stage for a strong recovery. According to a crypto analyst, the XRP price may decline further before making a move to the upside. As the final leg unfolds, the altcoin may soon present new price targets for a compelling buying […]
Crypto analyst NeverWishing has predicted that the XRP price will rally to as high as $1,115. He highlighted three paths for XRP to reach this target, in what the analyst described as the final bull run for the altcoin. Analyst Maps Out Final XRP Bull Run Rally To $1,115 In a TradingView post, the crypto analyst mapped out three paths for XRP to rally to the $1,115 target. They tagged the first path as the immediate delivery, the second as a normal delivery, and the third as one that will trigger only if the XRP price stays suppressed. For the third path, NeverWishing stated that a final....
Bitcoin has very few resistance levels left to clear before a new bull run is on, and the leading cryptocurrency by market cap returns to price discovery mode in search of its next all-time high. And while that break out into a bull market draws nearer with each passing day, so far, there’s no volume […]