Bitcoin bulls return after BTC bounces at a key support level
Bitcoin price appears to be gaining bullish momentum after BTC bounced off the lower Bollinger Band. A wave of selling took command of the cryptocurrency market on April 7 after Bitcoin (BTC) price dropped below $56,000. The market-wide sell-off led to $1.4 billion in liquidations and some analysts suggested that this could be the final sweep out of overleveraged long traders before Bitcoin can make a run higher to the $70,000 level. BTC/USDT daily chart. Source: TradingViewOne sign that the market had moved ahead of itself over the past week was the rapidly rising Kimchi premium, which....
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Bitcoin is now trading above the $93,000 level, showing strong momentum as bulls continue to push prices higher. After weeks of uncertainty and heavy volatility, the trend appears to be shifting toward recovery. The main target now is reclaiming the critical $100,000 mark, which would confirm a sustainable rally into uncharted territory and set the […]
Avalanche (AVAX) is now testing a critical support zone at the $20 level after a strong 55% surge from local lows registered in early April. This level could determine the next phase of price action, as bulls aim to reclaim control and push prices into higher territory. Holding this support is essential to maintain the bullish momentum built over the past few weeks. Related Reading: Ethereum Tests Critical Range: Breakout Or Breakdown? However, macroeconomic tensions and persistent global market volatility continue to weigh heavily on investor sentiment. With financial markets responding....
Bitcoin price was sold aggressively this past week. More losses are possible, but the $400 support area holds the key. Intraday Support Level can be $400. Intraday Resistance Level may be $420. Bitcoin price traded down, and as highlighted in this past week’s analysis, the resistance area of $450 played well to push the price down. There was a sharp downside reaction, and the price moved closer to the $400 level. A new monthly low of $402 was formed where the bulls are putting up a fight to prevent any additional weakness. There are a couple of bearish trend lines formed on the hourly....
Bitcoin started a sharp recovery wave from $39,700 against the US Dollar. BTC is rising and the next major stop for the bulls might be $43,500. Bitcoin spiked towards the $39,600 level, where the bulls took a stand. The price is trading above $42,000 and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $41,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to recover and test the $43,500 resistance zone in the near term. Bitcoin Price Recovers Sharply Bitcoin price extended decline below....
Solana (SOL) recently experienced a price pullback after failing to break below the crucial $118 support level. This rebound indicates strong buying interest at this support level, preventing further declines and stabilizing the price. The $118 mark has proven to be a resilient support, with market participants closely watching Solana’s price action for signs of […]