Bitcoin trend analysis: After breaking through $58,100, it fell back, and future trend forecast
Yesterday, the price of Bitcoin reached a high of $58,100, close to the pressure limit. Subsequently, the bulls temporarily waited and the bears took the opportunity to exert pressure, causing the price to fall back by 2,000 points. This fluctuation is in line with the normal market trend.
So, where will Bitcoin go next? Based on volume analysis, I think the probability of falling below $55,000 is low.
The bulls are just taking a short break, and the upward trend has not ended. The possibility of reaching $58,000 again is very high. As long as there are no sudden events such as black swan events, the probability of this trend is high.
As for whether it will break through $60,000, we still need to observe the volume of the bulls. But please note that this is only a forecast for today and tomorrow, and the probability of falling below $55,000 this week is higher.
The market is still in the stage of shock and bottoming out. It seems sluggish but there is still hope.
The short-term market is volatile, so it is not recommended to speculate or reduce leverage. The profit effect is limited, and the best strategy is to buy at the bottom of the decline and keep enough spare cash to deal with potential risks.
5 altcoins that have surged 100x that you must buy before the big bull run!
1.FLOKI
The crypto market is bullish and recovering, and FLOKI price rises by 3.49%!
Amid a strong rebound in the cryptocurrency market, FLOKI price has increased by 3.49% in the past day, with trading volume surging to $163.58 million.
Over the past week, FLOKI has gained 5.89%, bringing its year-to-date return to 262.24%, highlighting strong long-term bullish momentum.
The 50-day and 200-day EMAs are currently flat, suggesting a possible golden crossover, which shows that buying enthusiasm for altcoins is heating up.
If the bullish trend continues, FLOKI might challenge the ceiling at $0.000214 this month.
2.BEAM
BEAM price surges 7.89%, altcoin market bullish again!
After a brief period of weakness, BEAM prices have surged 7.89% in the past 24 hours. While the year-to-date return is still -23.78%, the recent strong rebound shows that market enthusiasm for this altcoin is recovering.
The RSI indicator has risen significantly towards the midpoint, and the bullish convergence signal on the BEAM price chart further confirms this trend. At the same time, the performance of the SMA also points to optimism for the future.
If the market pushes BEAM price above the $0.013525 resistance, the altcoin could be poised to challenge its all-time high of $0.021475 in the coming weeks.
3.APE
APE prices soared 11.04% against the trend, setting new highs!
Amid market headwinds, APE prices surged 11.04% in the past day and 37.56% in the past week. With a monthly gain of 35.56%, APE ranked 109th with a market value of $495.87 million.
The green histogram of the MACD indicator has risen sharply, showing strong upside momentum, while the EMA 50-day support level further solidifies the positive outlook for this week.
If the bulls continue to gain momentum, the APE price is expected to return to the $1 mark in the near future and challenge the resistance level of $1.30.
4.FTM
FTM price surged 14.28%, breaking through key support levels!
Over the past day, FTM has surged 14.28% in price, with a trading volume of $190.233 million, and has successfully broken through the important support level of $0.390. With a market cap of $1.376 billion, the altcoin has jumped to the 50th position in the global market.
The MACD indicator shows a continued rise in the green histogram and a bullish convergence in the averages on the 1D timeframe, signaling a bullish outlook for Fantom’s price.
If the bull run continues, FTM Token could hit its overhead resistance at $0.840 in the coming weeks.
5. DONE
FET price surges 14.48%, AI tokens see strong recovery!
Driven by the bull market recovery, FET prices have soared 14.48% in the past day, with a trading volume of $268.79 million, and have risen 90.23% year-to-date. In the past 30 days, FET prices have risen by about 50%, highlighting the long-term bullish potential of AI tokens in the market.
The Relative Strength Index (RSI) managed to return to the neutral point and quickly rose to the overbought area, indicating strong upward momentum. Meanwhile, the SMA also shows a very positive outlook for the future.
If the bullish trend continues, FET prices are expected to cross the $2 mark.
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