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Bitcoin was rejected from the resistance area, causing a price drop. The price also broke through the support area and is now trading below it. Let’s observe how Bitcoin reacts on Monday when the global markets open.
Читать полностью…WOO analysis:
Price is now testing the support zone and needs to hold this level. You can open long position here with stop loss. We may see a bounce from here towards the resistance area.
Support Area: $0.201-$0.21
Resistance Area: $0.233-$0.24
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AEVO again entered the accumulation phrase and with that market dumped hard too. Now, we can expect the same accumulation here before any leg up.
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APT has been rejected from the resistance area and has tested the support area. You can open a long position at the support area.
Support Area: $11.60-$12.20
Resistance Area: $14.00-$14.60
Bitcoin failed to hold the local support zone, and dropped further towards the support at $100,000 level. Rejecting doesn't mean a reversal, need to wait for the market to build bullish market structure in lower time frame.
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ROSE dipped below the support level but quickly bounced back from that point. You can raise your stop loss to the breakeven level and hold the trade. We may see a movement toward the resistance area in the coming days. The support and resistance levels remain unchanged.
Читать полностью…Bitcoin experienced a significant drop, pulling liquidity from lower levels. However, the U.S. government has managed to avoid a shutdown as the bill has been passed, which is a positive sign for the market's recovery. We might see a retest of the $100,000 mark, so it will be interesting to see how the price reacts at that level.
Читать полностью…PYTH analysis:
Price broke the support area and now trading below it. You can wait for a reclaim of the level for new entries.
Resistance Area: $0.392-$0.415
The Bitcoin network's difficulty - which measures how much computational power is needed to mine a block - has seen a massive increase over time. After 418 adjustments, the difficulty has reached 446,331,432,498,125,300,000,000, reflecting the tremendous growth in network security and mining power committed to Bitcoin. This represents a significant evolution from Bitcoin's early days, showing how the network has become increasingly robust and secure.
Читать полностью…we wasn't expecting a reversal and that's what happened, Bitcoin dipped lower and final support area around $96,000 and now this need to be hold. Additionally, Price might go for might liquidity grabs below lows
Читать полностью…ROSE analysis:
Price is currently approaching the support area. This is an ideal zone for new entries, and you can place your buy orders within the support zone. We may observe a bounce from this level.
Support Area: $0.0808-$0.0842
Resistance Area: $0.100-$0.106
📉 Least Volatile Bitcoin Cycle to Date
The deepest drawdown in this cycle was -32%, recorded on 5 August 2024. Most drawdowns have only dipped -25% below local highs, highlighting that this is one of the least volatile cycles in Bitcoin’s history.
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1️⃣ Strong demand driven by the launch of spot ETFs.
2️⃣ Growing institutional interest in Bitcoin as a long-term asset.
The cycle continues to demonstrate resilience amidst evolving market dynamics! 🚀
ICP dropped further lower and back to the support area as mentioned. Price kinda having a rejection and but market is still bearish movement. Wait for the sell-pressure to settle down and buy after the LTF breakout.
Читать полностью…TRB analysis:
The price failed to break above the resistance area and was rejected. You can place your buy orders around the support area and wait. Start accumulating from the local support level.
Local Support Area: $62.00-$65.50
Major Support Area: $46.50-$50.50
Resistance Area: $78.00-$82.50
SEI is approaching the support area, and you can place your buy orders in this zone. We may see some accumulation at the support area before the next move. The support and resistance levels remain unchanged.
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Bitcoin reached a new all-time high of $108,300 but faced heavy selling from that point. The price is currently holding in the local support area.
Local Support Area: $102,600-$103,400