BTC CHART
Bitcoin is currently trading at a resistance area. On lower time frames, there is a small symmetric triangle that needs to be watched closely to see which side it breaks. The price needs to maintain its local support, otherwise, there may be a test of the $45,000 area.
Local Support Area: $46,700-$47,200
ETH CHART
ETH Analysis:
The price has successfully breached the local resistance area and is currently testing the trendline resistance. A breakout above this trendline could propel the price towards the $3000 level. It's important to monitor the resistance area closely for potential price movements.
Local Support Area: $2380-$ 2420
DOGE CHART
DOGE analysis:
Price is currently trading between support and resistance levels. Long positions may be opened near the support area. If the price breaks above the resistance area, we may see an upward rally.
Support Area: $0.075-$0.0765
Resistance Area: $0.0864-$0.0885
BICO CHART
BICO Analysis:
The price of BICO is currently trading within a descending triangle pattern, with the price testing the trendline of the triangle. It is advisable to wait for a clear break above the trendline before considering new entries.
Support Area: $0.31-$0.327
Resistance Area: $0.395-$0.40
UTXO AGE BAND
BTC buyers from the 2021 bull cycle have finally reached breakeven.
While some may feel anxious, most long-term holders are resolute in their commitment to hodl, as evidenced by numerous on-chain data.
