Bitcoin Price Rally Fades, Market Braces for Possible Downside
Bitcoin price failed to extend its recovery wave above the $70,500 zone. BTC is now consolidating and might decline again below $68,500. Bitcoin started a decent recovery wave above the $68,500 zone. The price is trading above $68,650 and the 100 hourly simple moving average. There is a key declining channel or a possible bullish flag forming with support at $68,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might dip again if it trades below the $68,400 and $68,000 levels. Bitcoin Price Faces Key Resistance Bitcoin price remained elevated and extended its....
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Quick Facts: ➡️ Michael Saylor’s Strategy is bracing for a bear market after buying less and less $BTC over the past three months. ➡️ Strategy’s slowdown in Bitcoin accumulation underlines rising institutional caution and a market that increasingly expects prolonged consolidation or renewed downside. ➡️ PEPENODE ($PEPENODE) introduces a mine-to-earn memecoin with a virtual mining […]
Over a billion dollars in liquidations sent the XRP price and the crypto market back from the dead and into local highs. However, new data suggests the rally might be short, pushing down the nascent sector into critical support. Related Reading: Tellor (TRB) Is Up 640% In 2023, Back To 2021 Highs Ahead of Bitcoin, XRP? As of this writing, the XRP price trades at $0.5 with a 4% profit in the last week. The cryptocurrency rallied in the previous 24 hours but has been retracing its steps over the past few hours, hinting at potential losses unless buyers step in and defend these levels. XRP....
For the first time in years, XRP gained some massive momentum when it broke above $0.30 last month, with bulls sending its price rocketing as high as $0.90 on some exchanges before an influx of selling pressure sent it plunging lower. This rally gave many embattled bag holders an ideal exit opportunity, with the new […]
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