#BreakingNews" $XRP is launching its own stablecoin. | TMC on Binance Square

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#BreakingNews"  $XRP  is launching its own stablecoin.

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Market Update: Bitcoin recently swept liquidity below $90k, triggering a strong reversal, marking its most substantial recovery in recent weeks. To confirm the bullish momentum, a 4-hour close above $95.8k (Monday's high and 4-hour EMA200) is crucial. The next major resistance to watch is at $97.5k (highlighted by the orange line), which has acted as a significant support/resistance zone in recent weeks. Currently, Bitcoin's trading range for the week is between $88.9k and $95.8k. Tracking price action at these levels will provide insight into the potential for further upside.

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Market Update As noted yesterday, the $96k level (4-hour EMA200) was expected to act as resistance for Bitcoin, and we saw a strong rejection exactly at that price point. With BTC now trading below $94.5k (the weekly open), the potential for a pullback to the $90k range remains on the table. The key focus now will be on how the market behaves within the Monday range to determine the next move.

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Market Update: Bitcoin has been trading within a narrow 1% range so far this weekend, showing minimal movement. The $93.5k level, which represents the Monthly Open, remains a key support area, while $96k (4hr EMA200) stands as the immediate resistance to break. With volume still low, there's no rush, but we could see a spike in volatility as the weekly close approaches.

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Market update- A bad day of price action for Bitcoin yesterday catching out traders on both sides. We are seeing $93.5k (Monthly Open) holding as 4hr support now, as we were looking for, but BTC has been able to hold $95k+. I am not expecting any significant moves today, but I will be watching the reaction of any push towards $96k (4hr EMA200) or further retests of $93.5k.

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Market Update As highlighted in yesterday's update, Bitcoin had a strong likelihood of testing lower levels around $90k. The market touched a low of $91k, with the key support at $91.5k (Prev Week Low) providing a strong reaction. BTC has since reclaimed the $93.5k (Monthly Open), signaling the start of a potential V-shaped recovery. If the current bullish momentum holds, the next target is a push towards $97.8k (Monday Low). Traders should keep an eye on the strength of this move to gauge whether the recovery continues.

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