Bitcoin Bottom In? 2 Key Resistance Zones To Monitor – Analyst
Popular market pundit Michaël van de Poppe has stated that Bitcoin has already recorded its cycle bottom. The premier cryptocurrency is currently in a sustained uptrend that began in early April. During this time, Bitcoin’s price has surged from around $67,500 to a recent peak of around $80,000, culminating in an approximate net gain of 20%. Related Reading: Bitcoin Drops To 2 Cents! Revolut Users Report Massive BTC Price Glitch 50-Week MA Indicator Represents Pivotal Encounter For Bitcoin Bulls In line with his bullish outlook, van de Poppe has highlighted two crucial price barriers....
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The XRP price is eyeing a surge of 20% as it looks to reach a major resistance zone at $2.50, providing a bullish outlook for the altcoin. This projection comes amid XRP’s pullback to retest the breakout zone, with a confirmation of this breakout likely to lead to new highs. XRP Price Eyes 20% Surge To $2.51 In a TradingView post, crypto analyst Liam indicated that the XRP price could soon rally to the key resistance level at $2.15803. The analyst highlighted $2.29387 and $2.40995 as the other key resistance levels for the altcoin. Meanwhile, he mentioned that $2.18880 and $2.08373 are....
Crypto analyst Egrag Crypto has outlined three key targets for XRP, including $31, signaling that the altcoin could reach double digits at some point. This comes as XRP eyes a parabolic surge to the upside amid a 2-week ceasefire agreement between the U.S. and Iran. Analyst Outlines Three Key Zones For XRP In an X post, Egrag Crypto outlined $7, $10, and $31 as the top Fib 1.618 targets for XRP. The analyst described these levels as battle zones, signaling that this is where the altcoin could face significant resistance as it eyes higher price levels. He also noted that these are not....
Crypto analyst Leshka has explained why it is unlikely that the Bitcoin price has bottomed even as it continues to attempt a recovery above $70,000. His analysis also aligns with predictions from analysts such as Doctor Profit, who predict that BTC could still drop to $40,000. Analyst Explains Why Bitcoin Price Hasn’t Bottomed In an X post, Leshka noted that the Bitcoin price has never bottomed after a drawdown of just 47%. He further remarked that every bear market in history saw at least 78% drawdown from the top. BTC notably saw drawdowns of around 87%; 84%; and 73% in 2013, 2017, and....
As Bitcoin (BTC), the leading cryptocurrency, reclaims the crucial $85,000 mark on Monday, top analysts are projecting heightened volatility in the market for the coming week. Bitcoin Eyes Key Liquidity Zones Above $90,000 Crypto analyst CrypNuevo provided insights in a recent update on social media site X (formerly Twitter), emphasizing that despite the chaos surrounding tariffs and potential market manipulation, there are key data points and trends to monitor. The analyst highlighted the importance of liquidity and price action in the days ahead, noting that liquidations are primarily....
Bitcoin could be gearing up for its next bull phase as a crypto analyst has outlined the timeline for when the BTC price may reach its bottom. Contrary to widespread belief, the analyst does not consider the previous cycle low around $60,000 to be the final bottom. Rather, he expects further downside in the market, […]