Technical Indicators Suggest Bitcoin Could Surge to $260,000
The daily chart of the leading cryptocurrency has formed two bullish 'megaphone' patterns, potentially indicating a move towards new all-time highs.Technical analysis of Bitcoin prices and the cryptocurrency market. Bitcoin price forecasts based on technical analysis.
Technical Indicators Suggest Bitcoin Could Surge to $260,000
The daily chart of the leading cryptocurrency has formed two bullish 'megaphone' patterns, potentially indicating a move towards new all-time highs.
Analysts see risk of Bitcoin slipping below $90,000
The price of the leading cryptocurrency has retreated almost 8% in four days from its all-time high above $124,000. Technical indicators point to the risk of further declines. 15-minute BTC/USD chart on Binance. Source: TradingView. The analyst known as Captain Faibik highlighted a breakdown from a rising wedge on the daily chart. Traders view the […]
Ether tests $4,000
The second-largest cryptocurrency has risen 5.8% in the past 24 hours. At one point it touched $3969, setting a local high.
Technical Analyst Warns of Bitcoin’s Waning Bullish Momentum
The price of the leading cryptocurrency is trading sideways around the $120,000 mark. Options data on Deribit indicates a significant positive gamma for dealers at the $120,000 and $120,500 strikes, noted CoinDesk analyst Omkar Godbole. In this scenario, traders buy on dips and sell on rallies to neutralize risks, which reduces volatility, the expert explained. […]
Bitcoin Price Retreats After Testing $120,000 Level
On July 24, the price of the leading cryptocurrency retreated from the resistance level of $120,000. This may indicate selling by participants holding positions at this threshold. Daily chart of BTC/USD on Binance. Source: TradingView. At the time of writing, digital gold is trading at $115,715 (-2% for the day), according to CoinGecko. Following the […]
Analyst calls the start of altcoin season
Veteran chartist Peter Brandt declared the start of an “altcoin season”.
Bitcoin’s Long-Term Resistance Levels Identified at $115,000 and $223,000
As Bitcoin trades above $100,000, market optimism remains buoyant. Analyst Omkar Godbole from CoinDesk suggests that potential resistance levels during the “bullish” phase are approximately between $140,000 and $200,000.
A break above $109,000 would confirm bitcoin’s ‘bull flag’. Technicals and market outlook
Technical analysts point to patterns implying bitcoin could top $120,000 as soon as this summer. Experts surveyed by ForkLog described the crypto market’s current state and outlined prospects. A “bull flag” is forming on bitcoin’s chart, pointing to a potential rise to $140,000 and beyond, said CoinDesk technical analyst CoinDesk Omkar Godbole. A “bull flag” […]
Bitcoin Indicator Suggests Potential Surge to $130,000
Despite the consolidation of the leading cryptocurrency, its on-balance volume indicator (OBV) suggests a rise to $130,000-$135,000 in the third quarter. Analyst Cas Abbe highlighted this potential. Source: X. An increase in OBV indicates buyer pressure, while a decrease suggests seller dominance. If the indicator continues to rise, Bitcoin will break out of the $103,000-$111,000 […]
CryptoQuant Identifies Bitcoin Correction Target
The price of the leading cryptocurrency is set to return to $96,700, which corresponds to the average purchase price of short-term investors. CryptoQuant believes this level can be seen as a potential rebound point. Bitcoin at Key Support: Market Awaits Post-Correction Entry Opportunity “Currently targeting the $96,700 level, which represents a key support zone on […]
Analyst Identifies Key Level for Bitcoin’s Next Surge
If the leading cryptocurrency maintains its course within the $103,000-$105,000 range, conditions may be ripe for a new surge towards $115,000. This forecast was shared with The Block by Rachel Lucas of BTC Markets. According to her, the price is at a “pivot point” from both a psychological and technical perspective. The current area could […]
Analysts spot Bitcoin whales shifting from accumulation to selling
Holders of wallets with balances of at least 10,000 BTC have shifted from buying to distributing coins, while investors with smaller positions continue to accumulate digital gold, according to CoinDesk. These conclusions stem from changes in the Accumulation Trend Score, which tracks the intensity of accumulation across address cohorts. For the largest holders, the reading […]We use cookies to improve the quality of our service.
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