Bitcoin Must Now Beat $11.2K for Bull Revival, Say Analysts
Bitcoin has woken up from its recent slumber. But a bull revival might need a break above $11,200.
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Bitcoin remains on a positive recovery trend. One that could very well see it beat the coveted $45,000 resistance point. This price level remains the level to beat for the digital asset as this is where bears continue to mount the most resistance. Bitcoin had tested this level in the early hours of Friday but like always, met significant push that caused it to crash back down below it. In the wake of this crash, the market saw bitcoin lose almost $1,000 in the space of two hours. However, this dip would be defined by a higher low as bitcoin had been able to find support above $44,000 and....
Bitcoin has recovered above $23,000 off the back of a rally that had started during the last leg of the weekend. This recovery has brought more money into the market, which has helped push the price even further. As bitcoin trends at $23,000, there is significant resistance mounting up ahead, presenting various important technical levels. Bitcoin Must Beat $25,500 Even though bitcoin is making its way towards $24,000 in a tremendous bull trend, there are still some technical levels that the digital asset must beat in order to fully establish its arrival in a bull market. An example was the....
Data shows the Non-Fungible Tokens (NFTs) have enjoyed a revival recently, something that could signal a bull market for the cryptocurrency sector. NFT Volume On Ethereum Has Risen To Highest Level Since July According to data from the market intelligence platform IntoTheBlock, the NFT market is finally showing some increased activity after what was a […]
Bitcoin is eyeing a bull revival above the psychological resistance of $11,000, but a strengthening dollar could put a spanner in the works.
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