Bitcoin Price Holds Steady Around $118,000 — Here Are The Next Crucial Levels
The Bitcoin price has been on an interesting trajectory over the past few weeks, setting new all-time highs along the way. More recently, the premier cryptocurrency surged to a new all-time high above the $124,100 mark. The Bitcoin price has since succumbed to significant bearish pressure, hovering around the $118,000 region for most of the weekend. A prominent crypto trader on the social media platform X has identified levels that could be pivotal to the coin’s future trajectory. $117,500 And $114,500 Are Next Support Levels: Glassnode Data In a recent post on the X platform, crypto....
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Bitcoin’s price action has been slow over recent weeks. This has allowed crucial technical support levels to catch up with the current price. Analysts say that Bitcoin is on the verge of falling below two support levels of macro importance. BTC doing so could trigger a move to the low-$9,000s, then potentially even further below that. Bitcoin Could Slip Below Crucial Macro Trend Levels Bitcoin bulls should be on edge, analysts say, as the cryptocurrency […]
Ethereum started a steady increase and climbed above $580 against the US Dollar, similar to bitcoin. ETH price is consolidating gains and it could correct lower in the short-term. Ethereum gained bullish momentum above the $565 and $575 levels. The price is now trading above the $580 pivot zone and the 100 hourly simple moving […]
Solana (SOL) is showing resilience as it holds firmly above critical demand levels, signaling the potential for an upcoming rally. Despite broader market indecision, with Bitcoin (BTC) struggling to regain upward momentum, Solana’s price action suggests strength in the face of uncertainty. Investors are closely monitoring SOL’s ability to maintain its current levels, as a breakout could set the stage for substantial gains. Related Reading: Cardano Holds Crucial Support At $0.77 – Massive Rally Ahead? Top analyst Ali Martinez recently provided technical insights highlighting Solana’s most....
The weakness of buyers prevents the steady growth of Bitcoin’s price. However, we could still see a return to the steady upward trend, which started at $410. Potential scenarios for short-term trend development. Due to the fact that the current movement is against the primary trend, there are multiple bounces off the key levels. For a short-term trend to form, these key levels need to be broken through and fortified on, i.e. there is a need for a significant increase in either Bitcoin buyers’ or sellers’ strength, which hasn’t happened so far. This is why the price is now stuck between two....
XRP price must break a key resistance level before $1.00 becomes a real possibility. While Bitcoin (BTC) is facing a potential new all-time high, other coins are showing strength as well. One of those coins is XRP, which has been going vertical in the previous weeks. XRP’s price surged from $0.22 to a high of $0.78 during the month of November, which immediately ended up in a massive correction towards $0.45.Let's take a look at the XRP price charts to determine whether this was an entry opportunity before the next leg up.The crucial zone around $0.45 holds as supportXRP/USDT 1-day chart.....