Bitcoin Breakdown Averted? Analyst Says This Level Will Determine BTC’s Fate
After retesting the range lows, Bitcoin (BTC) has closed the week above a key area, momentarily preventing a breakdown to lower levels. Some market watchers suggested that reclaiming the local range highs this week will set the stage for another leg up, but an analyst warned of potential volatility in the coming days. Related Reading: Worldcoin Jumps 42% Following Eightco’s Announcement Of First WLD Treasury Strategy Bitcoin Holds Crucial Weekly Support As the market moves sideways, Bitcoin has continued to trade within its local range between the $108,250-$111,140 levels since the start....
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According to a popular crypto analyst on the X platform, the Bitcoin price might be primed for a fresh rally beyond its current all-time high. However, the analyst has identified a crucial resistance level that could determine the fate of the flagship cryptocurrency in the short term. $67,300 Could Prove Pivotal To BTC’s Price — […]
As Solana (SOL) taps the $225 barrier, Bitwise’s CIO forecasted that a bullish Q4 rally might be brewing for the altcoin if it follows Bitcoin (BTC) and Ethereum’s (ETH) recipe. Related Reading: Bitcoin Breakdown Averted? Analyst Says This Level Will Determine BTC’s Fate Solana To Follow BTC, ETH’s Recipe? On Tuesday, Matt Hougan, CIO at Bitwise, affirmed in a new memo to clients that the recipe for strong returns has been clear over the past 18 months: “Take one part ETP inflows, add strong corporate treasury purchases, and voilà—you get big returns.” Hougan explained that BTC followed....
Despite XRP’s continued decline and its struggle to regain the $2 level, one analyst believes the asset is approaching a decisive technical zone that could determine the next rally. A chart breakdown from crypto analyst Egrag Crypto shows that if XRP reclaims key levels above the 200-week EMA, it could strengthen momentum and open the […]
A crypto analyst is urging traders and investors to keep a close eye on a bearish Order Block (OB) level on the Bitcoin (BTC) price chart. According to the expert, this OB level sits within a critical zone near $90,000, which could determine BTC’s next directional move, with the cryptocurrency either continuing to the upside or experiencing a sharp rejection toward lower levels. With Bitcoin currently trading around $77,000, a positive reaction to this OB level could open the door for a fresh price rally. Bitcoin’s Bearish OB Level Signals Make Or Break Zone A TradingView crypto analyst....
Crypto analyst Phila has predicted that the Bitcoin price could see a massive decline to $55,000 after breaking a 14-year support level. This comes amid BTC’s fall below the psychological $80,000 level, with the leading crypto now at risk of dropping to new lows. Analyst Predicts Bitcoin Price Drop To $55,000 Amid Breakdown In an X post, Phila stated that the Bitcoin price just broke a support level that has held for 14 years, noting that it had held in previous bear cycles. The analyst further remarked that this is not a dip, a correction, or a shakeout, but rather capitulation happening....