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#write2earn #BitcoinPrice Breaks Records: Charting the Path to New Highs #BitcoinPrediction After fluctuating around its previous all-time high, #bitcoin has surged past $69,000, skyrocketing to over $71,000. With Bitcoin now in uncharted territory, the question on everyone's mind is: where will the price go next? All eyes are once again fixated on Bitcoin, the reigning champion of cryptocurrencies, as it embarks on this unprecedented journey, leaving us to ponder just how high this rocket can soar. Crucial Weekly Close for Bitcoin ($BTC ) Bitcoin has marked a significant milestone with a daily and weekly close above the previous all-time high of $69,000, with a slight dip to $67,000 confirming the upward momentum. It appears that the path is now clear for Bitcoin to continue its ascent. Bold Bitcoin Price Predictions When it comes to forecasting Bitcoin's trajectory in this phase of price discovery, the fibonacci extension tool emerges as a reliable ally. By anchoring from the top of the previous all-time high at $69,000 to the bottom of the bear market at $15,500, the fibonacci extensions reveal intriguing possibilities. The fibonacci extension levels paint an exciting picture. The first level, at 1.618, suggests a target just shy of $102,000, a seemingly conservative estimate considering Bitcoin's past performance in bull markets. The subsequent levels offer even more optimistic projections, with the 2.618 level at $155,000, the 3.618 level at $208,000, and for the thrill-seekers, the 4.618 extension level hints at a staggering $241,000. While these figures are derived from mathematical calculations and not certainties, the historical alignment of Bitcoin's price movements with fibonacci levels lends credibility to their consideration alongside other indicators. Anticipating Further Price Surge Zooming in on short-term price movements, it's evident that $69,000 now acts as a support level, with the price demonstrating robust upward momentum. However, a retest of this level for confirmation remains a possibility.

#write2earn #BitcoinPrice Breaks Records: Charting the Path to New Highs #BitcoinPrediction

After fluctuating around its previous all-time high, #bitcoin has surged past $69,000, skyrocketing to over $71,000. With Bitcoin now in uncharted territory, the question on everyone's mind is: where will the price go next?

All eyes are once again fixated on Bitcoin, the reigning champion of cryptocurrencies, as it embarks on this unprecedented journey, leaving us to ponder just how high this rocket can soar.

Crucial Weekly Close for Bitcoin ($BTC )

Bitcoin has marked a significant milestone with a daily and weekly close above the previous all-time high of $69,000, with a slight dip to $67,000 confirming the upward momentum. It appears that the path is now clear for Bitcoin to continue its ascent.

Bold Bitcoin Price Predictions

When it comes to forecasting Bitcoin's trajectory in this phase of price discovery, the fibonacci extension tool emerges as a reliable ally. By anchoring from the top of the previous all-time high at $69,000 to the bottom of the bear market at $15,500, the fibonacci extensions reveal intriguing possibilities.

The fibonacci extension levels paint an exciting picture. The first level, at 1.618, suggests a target just shy of $102,000, a seemingly conservative estimate considering Bitcoin's past performance in bull markets.

The subsequent levels offer even more optimistic projections, with the 2.618 level at $155,000, the 3.618 level at $208,000, and for the thrill-seekers, the 4.618 extension level hints at a staggering $241,000.

While these figures are derived from mathematical calculations and not certainties, the historical alignment of Bitcoin's price movements with fibonacci levels lends credibility to their consideration alongside other indicators.

Anticipating Further Price Surge

Zooming in on short-term price movements, it's evident that $69,000 now acts as a support level, with the price demonstrating robust upward momentum. However, a retest of this level for confirmation remains a possibility.

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#write2earn Cryptocurrency MARKET OUTLOOK: #BITCOIN REBOUND AND #ALTCOIN RESURGENCE AWAIT #BTC $BTC    After experiencing two consecutive red days on Monday and Tuesday, there's anticipation in the cryptocurrency market for a potential rebound, both in Bitcoin and altcoins. The question arises: Could this rebound propel Bitcoin back to test its all-time high? Following a momentary scare on Tuesday, when Bitcoin plummeted to $64,500, the leading cryptocurrency has managed to maintain its position and is now showing signs of potential recovery to regain lost ground. Bitcoin's Loss of Bullish Trend Line On the daily time frame, it's evident that Bitcoin has broken its bullish trend line, which had been a significant support since early February. A daily close below this trend line on Wednesday, coupled with price confirmation of the break, signals a concerning development. However, there's a resurgence of bullish momentum in Bitcoin, indicated by the resetting of stochastic Relative Strength Index (RSI) across lower time frames. Additionally, the daily stochastic RSI is on the brink of resetting before potentially turning upwards again. Bitcoin's immediate challenge is to re-enter the triangle formed by the bullish trend line and the series of lower highs since its all-time peak. Failure to surpass the lower high at around $72,000 could result in further price declines and lower levels for Bitcoin. Potential Altcoin Rebound For altcoins, there's optimism reflected in the Total 3 chart (market cap of all cryptocurrencies excluding Bitcoin and Ethereum). A formation of a higher low suggests a positive outlook, contingent upon the altcoin market cap surpassing resistance at $776 billion and nullifying its own lower high. Decision Time for Bitcoin Dominance Bitcoin Dominance serves as a crucial indicator to determine the fate of altcoins. A pivotal moment is approaching, as depicted in the chart. A breakout to the upside could see dominance surge to 55%, further suppressing altcoin performance.
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#Write2earn Unveiling Fetch.ai's Rise and the AI-Powered Blockchain Revolution #FetchAI #CryptoAI #AI #AICryptoWatch $FET The recent surge in Fetch.ai's (FET) token price caused quite a stir in the crypto community. But what fueled this excitement? It was a significant merger announcement that solidified Fetch.ai's position as a frontrunner in the emerging intersection of AI and blockchain. However, amidst the flourishing landscape of AI within the crypto realm, Fetch.ai's success might just be the beginning of a larger narrative. Leading this narrative is Algotech (ALGT), which has been generating significant buzz in the crypto market with its highly successful presale. What's the bigger picture here? Let's delve deeper and uncover the intricacies. Fetch.AI Paves the Way for AI-Driven Blockchain Revolution Fetch.ai (FET) stands at the forefront of blockchain's evolution, seamlessly integrating artificial intelligence with decentralized ledger technology. Their pioneering efforts span various facets of the blockchain ecosystem, including automating smart contracts and ensuring secure data exchange, thus setting a new benchmark for innovation in the industry. A recent strategic merger announcement with two other blockchain-based AI platforms, SingularityNET and Ocean Protocol, has resulted in the formation of The Superintelligence Alliance. This alliance aims to challenge the dominance of traditional tech giants in AI projects by forging a decentralized path for AI development. The announcement propelled FET's price to an all-time high of $3.45, underscoring the immense potential and positive sentiment surrounding this AI-powered blockchain venture.
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#Write2earn Navigating #Bitcoin 's Current Dip: Will the Market Rebound or Extend the Pullback? #marketanalysis. #BullorBear. #BTC......... $BTC Monday witnessed a significant dip of up to 4.5% in Bitcoin's price before it managed to regain some ground. However, Tuesday has proven to be even more challenging. The question now is whether Bitcoin will rebound from its current level, or if investors will be given a more favorable chance to buy in. Is More Decline Ahead? For the second consecutive day, the cryptocurrency market is showing red. Following a 2.3% decline on Monday, Tuesday has seen a further drop of 4.4%. The big question looms: is this the extent of the pullback, or are we in for more downside? CME Gap Still Unfilled A glance at the daily chart reveals that Bitcoin's recent dip only brought it down to the main trend line, which has been holding since early February. While a bounce could occur here, nothing is certain yet. One potential scenario is the filling of a CME gap around $64,100, coinciding with a strong support level. It's possible that the price could dip through the trend line to reach this level and close the gap. Bull Markets Mean Upside For traders and investors feeling hesitant, it's important to remember that Bitcoin is in a bull market. Despite inevitable corrections, the overall trajectory is upward. Throughout this bull market, corrections have typically stayed under 22%, with the current one sitting around 17.5%. A true trend reversal would require the price to drop below $61,000. Resetting Leverage A silver lining emerges as funding rates and open interest have reset due to recent price pullbacks. Leverage traders, who often contribute to market volatility, have suffered losses totaling approximately $422 million. This reset could pave the way for a swift bounce-back. As of now, Bitcoin's price seems poised to potentially break below the trend line, indicating a possible journey towards closing the CME gap. An opportune moment for entry or dip-buying could be on the horizon.
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#write2earn Crypto Market Analysis: #Bitcoin Surges, #Altcoins Shine, and #ORDI Emerges as Top #Gainer $BTC $ORDI Last week witnessed a predominantly bullish trend among the top cryptocurrencies in the market, largely attributed to Bitcoin's price surge. Altcoins like Shiba Inu (SHIB) and ORDI (ORDI) rode on Bitcoin's momentum, experiencing significant gains during this period. This market upswing led to a 4.3% increase in the global crypto market capitalization, reaching $2.66 trillion by March 31, fueled by an influx of $11 billion in capital. Let's delve into the performance analysis of some notable cryptocurrencies during this time: Bitcoin Reclaims $70,000: Following a challenging week, Bitcoin managed to recover from bearish pressure, reclaiming the $70,000 territory. A significant rebound occurred on March 25, with BTC reaching $71,213, marking its largest intraday gain for the week. During this period, Bitcoin remained largely in a consolidation phase, encountering resistance at $71,754 while maintaining support at $68,362. Despite fluctuating trends, Bitcoin retained its gains, currently valued at $70,409, reflecting a weekly gain of 4.76%. Shiba Inu's Winning Streak: Shiba Inu continued its bullish momentum from the previous week, sustaining a four-day winning streak at the start of the week. Despite a modest increase on March 25, SHIB maintained its upward trajectory, closing above $0.00003 for the first time in 12 days on March 26. Although encountering a mild correction, Shiba Inu remained above $0.00003, reaching a peak of $0.00003285 on March 28. Despite subsequent corrections, SHIB stands at an 8.5% increase for the week, with its current price at $0.00003048. ORDI Among Top 24-Hour Gainers: ORDI, inspired by Casey Rodarmor’s Ordinals Protocol, emerged as one of the standout performers last week. Despite initial underperformance, ORDI witnessed a significant rebound on March 30, securing an 8.78% gain, reaching the fourth position among the top 100 gainers.
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