After the German government, Mt. Gox is now moving BTC for repayments. Bitcoin is experiencing a dip due to this, but don't worry – this phase will also pass soon.
Читать полностью…ALGO analysis:
Price is currently testing the resistance area. It's better to wait for new entries to see if it can break this level.
Support Area: $0.115-$0.124
Resistance Area: $0.156-$0.166
ETH is expected to continue its upward movement, heading towards the resistance area. It is advisable to accumulate ETH during dips for the mid-term, as the spot ETF is expected to drive significant buying and pump.
Читать полностью…ALT analysis:
Price is currently trading within a downtrend channel and is unable to break the resistance line. Before considering any trades, it is advisable to wait for a break above the resistance line.
Support Area: $0.11-$0.116
Resistance Area: $0.136-$0.140
NEAR is slowly approaching the resistance area. If the price can break above this resistance area, then we could see a move towards the major resistance area. A rejection from here will send the price towards the support area. It's better to wait for price action before making new entries.
Resistance Area: $5.50-$5.85
Major Resistance Area: $8.00-$8.50
Bitcoin’s recent decline below the 200-day moving average (DMA), marking its deepest correction since late 2022, has resulted in significant unrealized losses for many short-term investors, according to a new report by Glassnode analysts.
Читать полностью…The TOTAL cryptocurrency market cap bounced from the support area and is now heading towards the local resistance level. The selling pressure from Germany is no longer present, and we may see some positive movement in the market. The resistance level remains unchanged.
Читать полностью…The German government has sold all its BTC holdings. Remember, for every seller, there's a buyer on the other side. Accumulation is happening, and this could lead to a massive rally.
Читать полностью…Historically, Q3 has been the weakest period for Bitcoin, often due to supply distribution from bankruptcy estates.
However, Q4 typically sees the strongest performance, driven by factors such as the U.S. election, halving effects, cash distributions from the FTX estate, and easing macroeconomic conditions.
This trend suggests potential resilience and growth for Bitcoin as it moves through these cycles.
A small uptrend line is currently acting as a support area for Bitcoin. Bitcoin is forming higher highs and higher lows on lower time frames. The crucial level to watch is $60,000, and BTC has been unable to surpass it. We might see another attempt, and if it gets rejected again, we could see a new low.
Читать полностью…The current bull rally is slightly behind previous rallies, but not by much. Historically, BTC shows rapid growth 6-8 months after Halving.
Читать полностью…ADA analysis:
Price tested the major support area on the daily chart. ADA is now moving upward. Let's see how it reacts to the resistance area. It's better to wait for some time for new entries.
Support Area: $0.34-$0.345
Resistance Area: $0.43-$0.46
RLC analysis:
Price broke the major support area and now trading below it. This is no trade zone and better to wait for some time for new entries.
Support Area: $1.24-$1.31
Resistance Area: $1.95-$2.07
The TOTAL crypto market cap has rebounded from the support area, indicating that the market holds the major support area. A potential move towards the local resistance area may be observed. The support area remains unchanged.
Local Resistance Area: $2.17-$2.21 Trillion area
Binance Performs Wallet Maintenance - 2024-07-17
https://www.binance.com/en/support/announcement/90f80370fd054628b595f886f79f0672
Bitcoin is continuing its upward movement and has tested the resistance area. However, there was a sharp rejection at the resistance area, leading to traders taking profits. This correction is considered healthy and we may expect some sideways movement now.
Support Area: $59,500-$60,000
Resistance Area: $64,500-$65,000
Bitcoin is testing the short-term holders' MVRV support area. Historically, in the majority of cases, this has been a precursor to a continued bull run.
Читать полностью…Bitcoin broke through the resistance area with a large green candle, which is a good sign for the entire crypto market. We may now see some sideways movement before moving towards the next resistance area.
Support Area: $59,500-$60,000
Resistance Area: $64,500-$65,000
🚨 Breaking News:
US Bitcoin ETFs saw $310 million in inflows yesterday, marking the highest in a month.
This significant influx highlights growing investor confidence and a bullish sentiment in the market.
Bitcoin is currently testing a key resistance area. Let's observe its reaction. A breakout above this level would be bullish and bring positive sentiment to the market.
Читать полностью…Educational Post
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Bitcoin is respecting the uptrend support line. Price is moving up slowly and we may see a test of the resistance area. Let's see how the price reacts there.
Читать полностью…EOS analysis:
Price is currently retesting the zone after a breakdown. Let's see if the price can reclaim above this level or not. This is a no-trade zone, and waiting some time for new entries is better.
Resistance Area: $0.52-$0.54
ETH has held the support area and bounced from it. This is a good sign, and we hope you have accumulated some ETH at the support area. If BTC remains stable, we expect the upward movement in ETH to continue.
Читать полностью…ZIL analysis:
Price is currently testing the major support area on the daily chart. This area presents an opportunity for new entries, and we may anticipate a bounce from this level. Consider opening a long position at the support area for the mid-term.
Support Area: $0.0146-$0.016
Resistance Area: $0.0213-$0.0227
NEAR analysis:
Price tested the support and bounced from there. You can open long positions if the price drops to the support area again.
Support Area: $4.00-$4.50
Resistance Area: $5.50-$5.85
Bitcoin is currently trading sideways, with the possibility of retesting the resistance area. We'll have to wait and see if the price can surpass $60,000 in the upcoming days.
Читать полностью…AVAX analysis:
Price is currently trading in a downtrend channel and is approaching the resistance trendline. A break of the downtrend channel would be considered bullish, and a long position can be opened after confirmation.
Resistance Area: $27.30-$27.70
Support Area: $24.10-$24.80
Bitcoin is displaying strength and has tested the resistance area. Let's see if the price is able to break above the resistance area. A break above $60,000 is bullish. The market is not currently reacting to the German Government's BTC movements.
Читать полностью…GALA Moved nearly 10% in favor after the dropping back to the support as per the call. Also, price forming the Triangle pattern and looks like on a verge to breakout. Price still giving unclear sentiment, so eyes on breakout of the pattern now and trail stops too.
Читать полностью…