Bitcoin Needs Weekly Close Above This Level To Confirm Market Bottom, Analyst...
In an X post published yesterday, crypto analyst Matthew Hyland highlighted that according to the weekly timeframe chart, Bitcoin (BTC) is likely to test the support level between $69,000 to $74,000 in the coming months. Is The Bitcoin Bottom In? Hyland noted that BTC’s weekly resistance level currently hovers around the $90,500 level. The analyst emphasized that if BTC has a weekly close above $89,000, then it may indicate that the market bottom is in. He added: If we do get a weekly close above this area ($89,000 to $91,000), I think the low is in for Bitcoin, and we are not going down....
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With the Ethereum price struggling around the $2,000 support, the question of when the digital asset will hit a bottom has continued to linger among investors. Naturally, a bottom is largely based on the Bitcoin price, setting the tone for the entire market. However, a crypto analyst has also suggested things to look out for that could help to confirm that the Ethereum price has actually hit a bottom and will begin to move upward once again. Watch Out For The Ethereum Close Above $2,100 For now, the Ethereum price is still trending below $2,100, and crypto analyst Rawl has called this out....
As Bitcoin (BTC) attempts to hold the $74,000-$75,000 area, an analyst suggested that the flagship crypto could see another 10% rally toward a key area, but warned that this level could be the ceiling. Related Reading: BNB Chain’s RWA Value Tops $3.5 Billion As Global Ecosystem Grows Bitcoin Double Bottom Breakout Targets Key Level In a Wednesday analysis, crypto analyst Rekt Capital shared an outlook for Bitcoin’s potential rally, as it holds the $73,000-$74,000 area as support for the first time in a month. The analyst highlighted that BTC’s price continues to move between its 2021 and....
In this episode of NewsBTC’s daily technical analysis videos, we take a closer look at a variety of bullish signals in Bitcoin that fired with the most recent weekly open. However, the cryptocurrency market isn’t out of the woods, as this week must confirm the signals with a strong close. Take a look at the video below: VIDEO: Bitcoin Price Analysis (BTCUSD): September 12, 2022 Last night we had a weekly close in Bitcoin and have already added nearly 3% on top of around 16% from the lows swept during last week’s candle. As a result of the move, several bullish signals have....
According to an X post by crypto analyst Ali Martinez, Bitcoin (BTC) is witnessing a decline in sell-side pressure, indicating that a local market bottom may soon form for the premier cryptocurrency. Bitcoin Local Bottom On The Horizon? Bitcoin continues to trade just below the psychologically significant $100,000 level, hovering at $98,650 at the time of writing. However, the top cryptocurrency by market capitalization is witnessing a notable drop in sell-side pressure. Related Reading: Bitcoin 4-Year CAGR Drops To 14.45% But Still Outshines Gold, Stocks – Details Martinez shared the....
Bitcoin price is at a pivotal moment, about to potentially confirm a break out into a new bull market. Yet for some reason, coin dormancy, what one analyst calls a measure of “old hands” selling, is reaching a high level currently. These holders sold the Bitcoin bottom fearing lower prices, but why then are these […]