The price has reached the support area, and it has bounced back from there. Currently, it is moving towards the resistance area of the trading range. If the price manages to break above the resistance area, it will be a bullish signal, and the upward movement will continue. However, if the price gets rejected from the resistance area, it will move back towards the support area.
The current Bitcoin price is testing the $59,000-$60,000 level, as expected. If BTC manages to reclaim the $60,000 level, we can expect the upward movement to continue. However, if the price is rejected at this level, we may witness some sideways movement and a slow downward trend.
Altcoins are demonstrating strength as they bounce from support levels, while Bitcoin Dominance breaks the uptrend line. This signals a positive outlook for altcoins, and we may see a continuation of the downward movement in BTC Dominance toward the 51.90%-52.15% support area. #buythedip#BTC#bitcoin#AltSeasonComing#aPharmacist
The price of W has attempted to surpass the resistance area, but it was rejected. However, the price is still near the resistance area and appears to be holding strong. There is a possibility that we may see a break of this resistance area. If the price breaks and closes above the $0.69 level, you may consider opening a long position. #BTC#bitcoin#wusdt#aPharmacist
Bitcoin is unable to hold the $59,000 level and breaks below it. As warned price was dumped hard after the breakdown. We may see some sideways movement here and a test of the $59,000-$60,000 area before the next move. #BTC#bitcoin#BullorBear#aPharmacist
Bitcoin has failed to maintain its uptrend and is currently testing the major support area of $59,000-$60,000, which was expected earlier. This is a crucial zone for BTC, and a break below $59,000 will likely bring about panic and more selling in the market. Therefore, keeping a tight stop loss in all open positions is recommended. The next good support level will be in the $50,000-$53,000 area. The news about CZ's 4-month imprisonment is the reason for this dump.
Price is currently testing a resistance area, and a break above it would be bullish. There is also a small uptrend line acting as support. Traders should wait for a break above the resistance area before entering new positions.
BCH has now reached the support area. Price needs to hold this level otherwise see heavy sell-off in the market. You can open a small long position here with tight stop loss.
The current price is being tested near the support area and this level must be held. If you plan to open a long position, it is recommended that you do so at the support area while keeping a tight stop loss. We might observe an upward movement from this point towards the triangle's resistance line.
It is advisable to open a small long position here with a tight stop loss as the price is currently testing the support area. We may then see a bounce towards the resistance area.
Bitcoin is gradually trending upwards, hinting at a potential move towards the $70,000 level. Should BTC successfully surpass this milestone, it could trigger a significant upward rally in the broader crypto market. #BullorBear#BTC#bitcoin#ETH#aPharmacist
ARB stop hunted both sides of the strong levels and started a new consolidation. The support is around $1.05 - $1.08 and Resistance nearby $1.18. ARB is a good project for long term and now available at cheaper price. Its better to accumulate some here and add more with the breakouts. #bitcoinhalving#BullorBear#SHIB#ARB/USTD#write2earn🌐💹
Bitcoin has bounced near the support area again, and we may see a continuation of sideways movement this week. As of now, nothing has changed in the market. We will have to wait and see how the price reacts to the halving event. #etf#BTCHalvingApril2024#BitcoinAwareness#SHIB#aPharmacist
SOL has been following a downward trend as anticipated. The price has dropped more than expected and has reached the support zone of $116-$120. However, there has been a good recovery after the drop. We may see another test of the $133-$140 support area, so it would be advisable to place buy orders in this zone. #etf#BullorBear#SolanaStruggles #aPharmacist#SHIB
Altcoins are dropping hard as Bitcoin Dominance breaks a major resistance level. The Dominance may test this level and see if it breaks below it. We only see an uptrend in altcoins if Dominance breaks below the 55% level.
Bitcoin experienced a significant drop in price due to the escalating tensions between Iran and Israel. The price tested a critical support level but managed to rebound from there. To preserve its bullish structure, BTC must hold this support level. A break beneath it could result in more market panic. It is recommended to set tight stop-losses on all open positions.
Bitcoin experienced another drop in price due to the recent war news, but it managed to hold the $65,000 level which is a good sign as it shows that the price is holding at a support area. The market is currently in an uncertain zone and we anticipate this to continue until the halving event occurs. It is recommended to use tight stop losses in all open positions. #BullorBear#SHIB#BTCHalvingApril2024 #aPharmacist
Bitcoin is currently holding above the $70,000 level, and it remains to be seen whether the price will move towards the all-time high resistance area. The support and resistance levels remain the same.
The TOTAL crypto marketcap experienced a false breakout above the triangle pattern and the price has now returned to within the triangle. We will likely see another breakout in either direction soon which will determine the next move in the crypto market. The resistance level remains unchanged. #BullorBear#Memecoins#SHIB#marketcap#aPharmacist
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