Binance Square
LIVE
LIVE
TopCryptoNews
Alcista
--15.7k views
BTC target – $74,000 🥇 Traders found an inverted head and shoulders on the daily Bitcoin chart and added Elliott waves that send the price first to $71k, then a correction to $66k and a new rise to $74k. It is $66k that is now the key support level, above which we maintain the upward trend, because 530,000 BTC were sold at this price. Save the forecast and check it 🆗 $BTC #BTC

BTC target – $74,000 🥇


Traders found an inverted head and shoulders on the daily Bitcoin chart and added Elliott waves that send the price first to $71k, then a correction to $66k and a new rise to $74k.


It is $66k that is now the key support level, above which we maintain the upward trend, because 530,000 BTC were sold at this price.

Save the forecast and check it 🆗

$BTC #BTC

Aviso legal: Se incluyen opiniones de terceros. Esto no respresenta una asesoría financiera. Puede haber contenido patrocinado. Lee los TyC.
0
Respuestas 1
Explora las últimas noticias sobre criptos
⚡️ Participa en los últimos debates del mundo cripto
💬 Interactúa con tus creadores favoritos
👍 Disfruta contenido de tu interés
Email/número de teléfono
Creador relevante
LIVE
@TopCryptoNews

Explora más de este creador

⚠️ XRP Sees Massive 55% Surge in Trading Volume In an impressive market move, XRP has experienced a significant surge in trading volume over the last 24 hours, according to data from CoinGlass. The trading volume of XRP skyrocketed by 55.86%, reaching a total of $1.26 billion. This remarkable increase is largely driven by trading activities on major crypto exchanges, with Binance contributing $448.15 million, Bybit $204.52 million and Bitget $183.25 million. Despite the massive increase in trading volume, XRP's price has shown only a modest uptick. Currently priced at $0.4963, the cryptocurrency has risen by 0.65% over the same period. This price movement indicates a phase of consolidation, suggesting that the market may be gearing up for a more significant move. 🔸 XRP market sentiment Technical indicators provide further insights into XRP's market position. The Relative Strength Index (RSI) for XRP stands at 42, placing it in a neutral zone. An RSI between 30 and 70 is generally considered neutral, indicating that the asset is neither overbought nor oversold. This neutral stance suggests that there is room for movement in either direction, depending on market conditions and investor sentiment. Moreover, XRP is currently trading above its 200-day Simple Moving Average (SMA) and 200-day Exponential Moving Average (EMA). Trading above these long-term moving averages is typically viewed as a bullish indicator, as it suggests that the asset is in an upward trend over a longer time frame. The surge in trading volume coupled with bullish signs from technical indicators could signal potential positive developments for XRP in the near future. Traders and investors are likely to keep a close watch on the cryptocurrency, anticipating further movements that could capitalize on the current market momentum. The broader crypto market has been experiencing fluctuations, influenced by various factors, including regulatory developments, technological advancements and macroeconomic conditions. $XRP #XRP #Ripple
--
🐸 Meme Coin PEPE Bounces Off Critical Support   Meme coin PEPE is seemingly bouncing back after charting a series of red candlesticks over the past couple of days. However, investors’ behavior and market conditions do not appear to support a positive outcome. 🔸 Meme Coin Investors Could Opt to Sell PEPE’s price barely holds above the critical $0.00001146 support level, and it is facing the threat of further decline. This is due to the consistent outflow of money from the asset, which hints at a decline in conviction. This can be noted in the Chaikin Money Flow (CMF). It is a technical analysis indicator that measures the buying and selling pressure over a specified period. It uses volume and price data to gauge the strength of a market trend, helping traders identify potential reversals and confirm trends. The indicator is currently at a two-month low, which shows that the outflows are intensifying the selling pressure. This is substantiated by the behavior of the investors, particularly those who are in profit. Upon observing the active addresses by profitability, it can be noted that PEPE holders noting gains are consistently active on the network. This is of concern because such investors tend to sell their assets for profits. Generally, their participation under 25% is relatively less concerning, but more than the threshold is problematic, which is the case with PEPE. 🔸 PEPE Price Prediction: Bounce Back? PEPE’s price, trading at $0.00001195, looks like it is bouncing off the support at $0.00001146. This is a positive development for the meme coin and its investors. However, the latter’s lack of conviction might cost its recovery. Potential selling, as stated above, may lead to the PEPE price losing this crucial support and falling to $0.00001007. On the other hand, a successful bounce-back will enable the PEPE price to rise to $0.00001369. Once this resistance level is broken, the meme coin could continue its rally toward $0.00001600. $PEPE #PEPE #MemeWatch2024
--
🫣 Top Reason Why Major Altcoin Season Is Not Coming Murad Mahmudov, a prominent financial analyst, is convinced that a major altcoin season is not on the horizon due to the declining cumulative excess savings of US households. According to recent data from the Federal Reserve Bank of San Francisco, Americans have now spent their savings. The massive increase in savings over a period from March 2020 to August 2021 was prompted by a huge drop in consumer spending. As per San Francisco Fed economists, excess savings reached their peak in August 2021, surpassing a whopping $2.1 trillion. Despite the fact that these savings are now mostly gone, the report suggests that a strong labor market could make it possible to maintain spending. That said, recent earnings reports from such major companies as Amazon show that consumers are becoming budget-conscious. Considering that Americans are now more careful about their spending compared to 2021, Mahmudov implies that they are unlikely to splurge cash on risky alternative cryptocurrencies. "The most you can hope for is an occasional well-timed spike by a particular flavor-of-the-month outperformer from the crypto-native PvP hot ball of money," he said. The analyst has also pointed to the fact that there is a supply glut of altcoins. "Altcoins are growing in both number and aggregate fully diluted market cap with each new token release," Mahmudov added. When comparing the current market cycle to 2017, the analyst noted that the market was much smaller back then, meaning that less capital was required to achieve significant gains. Moreover, it was much harder to create new tokens. #Altseason #altcoins #altcoin
--
⭐️ Dogecoin (DOGE) Is in Optimal Buy Zone Dogecoin’s (DOGE) price will potentially see some struggle among bulls and bears in the coming days. The mixed signals coming from the market suggest that the meme coin will end up moving sideways. 🔸 Buy Dogecoin or Sell It? Dogecoin’s price is observing different indications from different metrics at the moment. On one hand, the Market Value to Realized Value (MVRV) ratio suggests that accumulating is ideal. The MVRV ratio monitors investor profits and losses. With Dogecoin’s 30-day MVRV at -11%, indicating losses, accumulation may ensue. Historically, DOGE MVRV between -6% to -19% frequently heralds recoveries and rallies, terming it as an accumulation opportunity zone. On the other hand, the price daily active addresses (DAA) divergence indicator suggests selling. This indicator refers to the discrepancy between a cryptocurrency’s price action and the number of unique addresses involved in daily transactions. This divergence can indicate potential trend reversals or strengths in the market. Given that participation and price action are both in decline at the moment, the market is flashing a sell signal. This could result in Dogecoin’s price countering the bullishness from any potential accumulation. 🔸 DOGE Price Prediction: Under the Bar Dogecoin’s price, trading at $0.13, has already witnessed a considerable drawdown in the last two weeks. The meme coin will now potentially witness consolidation between $0.15 and $0.12. These two levels have been rigorously tested in the past and stand as strong resistance and support, respectively. The indicators presenting mixed signals strongly hint at sideways action for the meme coin. Any breakout or breakdown will only invalidate the bearish-neutral thesis, sending DOGE to either above $0.16 or below $0.11. The former would help recover the recent losses, while the latter would extend them. $DOGE #DOGE #DogeCoin
--

Lo más reciente

Ver más
Mapa del sitio
Cookie Preferences
Términos y condiciones de la plataforma