Here’s The Next Major Bitcoin Resistance To Watch Out For Before A Crash
Bitcoin’s climb back above $82,000 has led to bullish conviction among investors. However, an interesting technical analysis suggests that the rally may still be part of a corrective structure, not the start of a clean impulsive breakout. That difference is important, because the analysis shows that Bitcoin is now approaching a resistance band that could decide whether the rebound continues or turns into another trap for late buyers. Bitcoin Heads Into Major Resistance Zone The BTC price climbed back above $80,000 this week, with the move supported by strong inflows into Spot Bitcoin....
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Crypto analyst SiDec has raised the possibility of the Solana price dropping to double digits. The analyst revealed major levels to watch for entries as market participants brace up for this massive crash. Major Levels To Watch As Solana Price Risks Drop To Double Digits In a TradingView post, SiDec highlighted the range between $136 and $143 as the major resistance zone for the Solana price. Meanwhile, he stated that between $102 and $98 is the next major support zone, indicating that SOL risks dropping to double digits soon if it fails to hold this support zone. Related Reading: Solana....
Here are the levels we are focusing on for this evening's intraday breakout strategy in the bitcoin price. In this morning’s bitcoin price watch piece, we highlighted a very tight range in an attempt to draw a profit from our breakout strategy on tight volatility. We had in term resistance at 418 flat, and shortly after publication bitcoin broke to the upside through this resistance, and put us long towards an upside target of 421 flat. Shortly after the break, we broke back within range, but managed to avoid a stop loss hit and again broke to the upside. Since this, however, we’ve been....
Crypto analyst ElmoX has asserted that the XRP price is still bullish despite the recent crypto market crash. His analysis revealed that XRP is set to face major resistance at $2.9, although he is confident that the crypto will eventually break this resistance and rally to as high as $20. XRP Price Faces Resistance At $2.9 But Could Still Rally To $20 In a TradingView post, ElmoX outlined two scenarios for the XRP price as it eyes a rally to $20, although he noted that the crypto will retest the major resistance at around $2.92 either way, on its way to a new all-time high (ATH). For the....
Crypto analyst Sherlock has revealed how a Bitcoin price crash to $63,000 could play out. He highlighted key levels to watch and zones where traders should look to short BTC in preparation for this potential downtrend. Key Levels To Watch With Bitcoin Price Crash To $63,000 On The Cards In an X post, Sherlock told traders to look for a short setup around $80,000 if the Bitcoin price only takes the equal highs around this range and then gets rejected. However, he added that if BTC breaks above April’s high at $79,485 before May 5, traders shouldn’t short immediately; instead, they should....
After breaking below $90,000 again, the next direction of the Bitcoin price is being hotly debated once again. This comes with the added burden of a number of major events coming around this week, as well as investor sentiment being stuck in the negative territory for an extended period of time. Crypto analyst, MarcPMarkets, shares his thoughts on the current state of the market and what investors should be looking out for as the next direction is determined. The Bearish And Bullish Scenarios In the analysis shared on the TradingView website, MarcPMarkets highlights the different scenarios....