Analyst Backs Bitcoin Rally To $174,000 If This Support Remains Intact – Details
The Bitcoin market has recorded high levels of volatility in previous weeks, resulting in significant corrections and a fragile bullish sentiment. Amid this delicate market, a market analyst with X username PlanD is projecting an incoming parabolic rally that hinges on the strength of a crucial support level. Related Reading: Bitcoin Price In Trouble As Sell-Side Momentum Spikes — $92,000 Next? Here’s Why Bitcoin Bulls Must Preserve $94,500 Price Point – Analyst In a recent post on November 15, PlanD drew market attention to a potentially bullish situation on the BTCUSDT chart.....
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Crypto analyst Klejdi has assured that the XRP bullish structure remains intact despite the recent pullback. The analyst indicated that the pullback is part of the bigger picture, while highlighting three targets the altcoin could hit once it reverses to the upside. XRP Bullish Breakout Still On The Horizon In a TradingView post, Klejdi suggested […]
Bitcoin saw a massive rally yesterday evening that allowed it to set fresh all-time highs above $29,000 The cryptocurrency did meet some serious selling pressure here that slowed its ascent and caused it to decline back down towards $28,000 It does appear to be finding some support here, but it remains unclear as to how long it will last for One analyst spoke about this in a recent tweet, noting that he is preparing for […]
Ethereum has been attempting to reclaim the $2,800 level for days, but bears continue to apply selling pressure, keeping the price below this key resistance. Despite this, demand remains strong, with bulls successfully holding ETH above the crucial $2,600 support level. The short-term outlook for ETH remains uncertain, as investors speculate on whether the current consolidation phase will lead to a breakout or further declines. Related Reading: On-Chain Metrics Reveal The Most Critical Resistance For Bitcoin – Can BTC Break $97.5K? Despite this, there is a growing sentiment that Ethereum....
XRP’s price action within the past seven days has been limited to a trading range as investors look to recover the losses they incurred at the beginning of February. This range is a consequence of the current indecisiveness on the XRP price. However, popular crypto analyst EGRAG CRYPTO has provided a detailed breakdown of XRP’s price trajectory from here. Particularly, the analyst highlighted crucial support and resistance levels that could determine XRP’s movement at each stage. XRP’s Lower Price Targets Indicate Key Support Levels Sharing his insights on X, EGRAG CRYPTO....
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 […]