Bitcoin Price Could Fall To $72.5K Before Next Rebound — Here’s Why
After a terrible start to the weekend, the Bitcoin price jumped back to life on the back of news of a potential agreement between the United States and Iran. However, ignoring the potential impact of fresh geopolitical news or events, the current price structure suggests that new investors would be catching a falling knife. According to a chart highlighted on the X platform, the Bitcoin price appears bound for a drop to around $72,000, at least in the short term. BTC Price Trading In Ascending Channel Pattern Prominent chartist Aksel Kibar took to the social media platform X to share an....
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Here are two Ethereum metrics that are currently showing values that may lead to a rebound for the cryptocurrency’s price. Ethereum Could Rebound Off The Current Market FUD According to data from the on-chain analytics firm Santiment, the crowd seems to have started to bet against ETH in the past few days. There are two […]
Ethereum’s price is heading down. The short-term downward trend, which has held for almost the entire week, has reached a key level. It is time for a natural upward movement. ETH/USD. Last Tuesday, the advantage was held by the bears. Ether’s price has begun confidently forming a downward trend, never once breaking its structure. However, in order to continue its fall, the price has to break through a serious resistance line, which it has approached closely. Usually, an opposing force appears in such points, in the form of bulls, and the downward trend is followed by at least a rebound.....
Bitcoin’s price has bounced off a significant resistance line. The basis is now formed for a medium-term upward trend. When can an upward trend begin? A second rebound off the top level indicates that that price is used by the majority of traders, who are expecting a similar fall to the one we’ve seen earlier. Consequently, if the advantage at that level is held by the bulls, a larger scale movement will be likely to begin. The main condition for that is a rebound off the level of $455.5. Thus, the upward movement will have a good chance to grow into a powerful impulse. In case of....
After a continuous decline back in the beginning of March, Bitcoin’s price is now undergoing a period of tentative growth. Will this end up in a new, even sharper fall? What trend should we expect in April? The first month of spring has passed. As was predicted, Bitcoin’s price underwent a downward rebound toward $400-390. The likelihood of that rebound was high, due to the price reaching a key level, while moving along an upward trend. After that, the market had to choose a new trend, and it needed a rebound to do that. Bitcoin price has recoiled and stopped at another key level. At such....
Bitcoin’s price is approaching a critical line, where the following direction of the trend is likely to be decided. Is it a rebound or a turn? Bitcoin’s price is in a rebound toward the downward trend. The fact that Bitcoin’s price didn’t fall lower and faster indicates that the bulls are holding it at the current level. There is always a chance for a turn. But for a more certain signal, this downward movement has to become a rebound, instead of the first downward wave. In that case, the bulls will win the advantage. The buyers will then have to fortify at the level of $418-19, thus....