Why Bitcoin Needs To Go Above This Level To Reclaim $50K
Bitcoin slows downs as it makes its way back from the high area of around $30,000. The top crypto by market cap still records profits over the past week (3%) but could re-test support at lower levels. Related Reading | Bitcoin Bounces Back Past $40,000, But May Struggle To Maintain Position At the time of writing, Bitcoin trades at $41,300 with sideways movement over the past day. The cryptocurrency continues to trade in a tight range but soon could see an increase in volatility. Data from Material Indicators (MI) records short-term resistance as BTC’s price is above its current....
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Ethereum (ETH) has seen underwhelming price action this year, disappointing analysts and investors who expected a massive breakout. Instead, ETH is now trading at its lowest levels since October 2023, as bears maintain control and bulls struggle to reclaim momentum. The $2,000 level remains a critical barrier, and ETH must reclaim it soon to prevent […]
Volatility continues to linger within the general crypto market, and Bitcoin has seen notable bearish movement since its recent failed attempt to reclaim the $100,000 price level. Bitcoin may have failed to reclaim the $100,000 mark, but certain developments suggest that a rebound might be imminent. Could A Major Reversal Be Next For Bitcoin? In […]
Bitcoin Maximalists should reclaim that label and refocus on what it means to build a future built on BTC only.
Bitcoin (BTC) has failed to reclaim $84,000 resistance again and has fallen 4% to retest another crucial support zone. Some analysts suggested that the cryptocurrency’s rally will be determined by its weekly close, which could see BTC crash or climb to new levels. Related Reading: Solana (SOL) Retests Crucial Support Level – Is A 50% Price Drop On The Horizon? Bitcoin Hits $84,000 Wall Again After losing the $84,000-$86,000 support zone on Sunday, Bitcoin has failed to reclaim this level. The flagship crypto has retraced over 11% in the past week, briefly falling to a 4-month low of....
Bitcoin (BTC) has seen a 4% bounce from the lows to retest a crucial resistance level, which could determine whether a breakout or a breakdown is next. Meanwhile, an analyst suggested that BTC’s final leg up and cycle peak could come in the coming weeks. Related Reading: No Ethereum Rally Until Q4? Analyst Eyes Choppy September Before New Highs Bitcoin Key Attempts Key Level Reclaim Following its recent drop, Bitcoin is now attempting to break out of its local range high and reclaim the $111,000 zone as support. As September started, the flagship crypto retested the $107,000 range low....