🚀Bitcoin’s Next Move: Quick Outlook🚀
Current Price: $88,048
👉Key Levels:
Resistance: $88,500 — Breaking this could fuel a rally toward $90,000.Support: $86,500 — A pullback here could act as a re-entry point.
👉Indicators:
RSI: Near overbought; a cooling-off period might be due.EMAs: Short-term EMAs above long-term EMAs, keeping the trend bullish.
👉Whale Activity: Large players are cautiously watching, with potential sell orders just above current levels. If they see momentum, they might join the rally.
👉Scenarios:
Breakout: A strong push past $88,500 could attract new buyers and boost BTC.
Pullback: Profit-taking might bring BTC down to $86,500, a level where bulls may regroup.
👉Trade Ideas:
Long: If BTC dips to $86,500 with signs of support, target $88,500+.Short: If BTC stalls at $88,500, a short to $86,500 could be profitable.
👉Bottom Line: Watch for either a breakout above $88,500 or a pullback to $86,500 for the next move.
🚨🚀
BITCOIN SURGES TO $90K AMID $900M IN LEVERAGE LIQUIDATIONS
Bitcoin briefly reached an all-time high of $90,100 on Coinbase, triggering a wave of liquidations totalling over $900 million across leveraged crypto positions, according to CoinGlass.
The surge, driven by investor anticipation of pro-crypto policies following Donald Trump's election victory, also saw altcoins like XRP, XLM, and HBAR rise by 15-18%.
Despite a quick pullback to $88,500, BTC remains strong as institutional interest grows on hopes for favourable regulation.
Source: CoinDesk
$AGLD /USDT SKYROCKETS WITH A 95% SURGE.. Check my BOLD analysis results ... What I can do more for you guys.. soon will hit our $3 Target
$AGLD has catapulted to 2.974, marking a massive 95.27% increase within 24 hours, with a peak at 3.200 before stabilizing. The enormous volume of 49.11 million AGLD indicates significant bullish interest driving this rapid ascent. Traders should keep an eye on the 3.200 resistance, as a breakout could push AGLD into uncharted territory, attracting further buying momentum. Meanwhile, a support level around 2.204 will be crucial in preventing a pullback. This dynamic setup is ripe for those seeking high-reward trades, though caution is advised to manage potential volatility swings.
#CPIUpdateOctober #cryptomarketcapATH #DogecoinPriceSurge
🚀 XRP's on a roll! After a strong bull run, it hit an 8-month high of $0.73, briefly surpassing USDC to become the 7th largest crypto by market cap. Despite a slight dip, XRP is still up 8% in 24 hours, with a market cap of $37 billion and trading at $0.654.
- Trading volume tripled, sparking volatility.
- FOMO is key to breaking the $0.74 barrier.
- Social media buzz: 4% of crypto chats are XRP-focused.
- Trump's election win could impact XRP's legal battles with the SEC.
What are your thoughts on XRP's future? Share below! 💬
$PNUT
{spot}(PNUTUSDT)
$PNUT is flashing extremely bullish signals, indicating a promising long opportunity. Long immediately, no need to hesitate! A potential pullback presents a buying chance. Technical indicators confirm its upward momentum, with a golden cross formation on the daily chart and RSI(14) suggesting increasing buying pressure. Additionally, the chart pattern reveals a higher low, signaling a robust uptrend. currently orm new pullback around 0.8
{future}(PNUTUSDT)
Bitcoin Price Prediction: Analyst Targets $320,000 in Wave 5
A crypto specialist says Bitcoin has broken resistance and is headed toward $320,000. Bitcoin has returned to full bullishness, and the crypto fear and greed index currently shows high greed.
Crypto expert Gert van Lagen found a bullish pattern in Bitcoin's price chart, including a verified breakout of the traditional ‘cup-and-handle’ pattern that started a bullish Wave 5 run.
Bitcoin Price Targets $320,000 in Wave 5
Bitcoin's price motion has been spectacular in recent days. As investors flood in, Bitcoin has reached numerous all-time highs. The daily and weekly charts show repeated bullish candles due to continuous demand, indicating strong upward momentum.
Interestingly, these bullish candle patterns confirmed crypto researcher Gert van Lagen's sub-wave 5 prediction. This bullish wave is predicted to be the last sub-wave of a broader Elliot wave upswing that began in January 2023.
Technical analysis reveals that Bitcoin broke out of a cup-and-handle structure during the latest price advance, supporting wave 5. This bullish trend began in 2022. The ‘cup’ section of this pattern started in early 2022 and culminated with Bitcoin's high over $73,700 in March 2024. The pattern's ‘handle’ portion was the consolidation phase till October.
Bitcoin also escaped a bear trap by breaking out of a ‘base 4 step-wise formation,’ according to van Lagen. With this breakthrough established, van Lagen predicts a $220,000–$320,000 goal range. This range is his ‘major sell line,’ where profit-taking may escalate when Bitcoin approaches these upper boundaries.
Bitcoin is now trading at $89,500 with a market valuation of $1.77 trillion and an all-time high of $89,864, up 10.5% in 24 hours. Given this pattern, this record high may not persist. So much strong enthusiasm and influx around Bitcoin that investors don't know when to take profit. Every day to year, the RSI is over 70. The purchasing impetus is high right now.
#WillBTCBreak100KSoon #cryptomarketcapATH $BTC
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