Bitcoin price has experienced a strong rally in recent days, peaking at $65,473.80 before correcting to the $65,000 region. Currently, the price is trading around $65,406.62, indicating accumulation after setting a new short-term high.
Volume has been generally stable, with some volume peaks appearing at BOS points. While volume has not really exploded, it is enough to support the recent price increase. Monitoring volume in the coming days will be important to confirm the trend.
Crypto Market In Red: CEL & WLD Explode Amid Bloodbath
The cryptocurrency market is experiencing a volatile trading day with red covering most coins. However, amid this gloomy context, Celo (CELO) and Worldcoin (WLD) emerged as rare bright spots with impressive growth. Most of the top cryptocurrencies have recorded losses in the past 24 hours. Bitcoin (BTC), Ethereum (ETH), and many other altcoins are all in the red, indicating cautious market sentiment.
BTC- Buying power increases strongly after correction
Overview: The Bitcoin (BTC) liquidity chart on Binance over the past 24 hours shows increased buying pressure after a strong liquidity wave, concentrated mainly in the price range around $62,000. The current price is $63,300, up slightly from the peak liquidity period. The total value of liquidity peaked at the time of a sharp price drop, indicating significant market volatility.
$62,000 price zone: This is the price zone that saw the most liquidity, mainly long positions (bets on a price increase). This shows that many traders were expecting Bitcoin to increase but were forced to close their positions when the price fell below the liquidation level. The liquidity peak suggests that the high level of leverage, especially 100x leverage, contributed to the selling pressure.
Cryptocurrency market fluctuates strongly, Bitcoin and Altcoin simultaneously adjust
The cryptocurrency market is experiencing a period of extreme volatility, with Bitcoin and many top altcoins recording significant losses over the past 24 hours. According to data from CoinGecko, the total cryptocurrency market capitalization has decreased by 2.8% to $2.325 trillion. Bitcoin (BTC), the world's largest cryptocurrency, fell 1.8% over the past 24 hours, trading around $63,285.90. However, Bitcoin still managed to maintain a 2.1% gain over the past week.
SAGA - Strong increase but also very miserable fall
SAGA has undergone a significant price correction after peaking at $2.8688. SAGA is currently trading around $2.4112, down significantly from its highs. The downtrend remains dominant, although there are some signs that the price may be looking for support. SAGA price has broken the lower band of Bollinger Bands, indicating strong volatility and the possibility of price being in oversold territory. However, the fact that price has not returned inside the BB band suggests that the downtrend may still continue.
Bitcoin (BTC) is trading around $63,141.00, after a slight recovery from the low of $61,814.00. The price remains in a short-term downtrend. Bollinger Bands (BB): Price is moving near the lower band of the Bollinger Bands, indicating that BTC may be in oversold territory. However, price has not shown clear signs of reversal yet. The RSI indicator is currently at 27.71, which is in the oversold zone. This reinforces the possibility of a short-term recovery, but does not guarantee a trend reversal.
BTC - Are there signs of a deep correction to gain momentum to break ATH?
Bitcoin (BTC) is trading around $63,168.00 after going through a period of strong volatility. The price has declined from a high of $64,817.99 and is currently looking for support. Trading volume during the recent decline was quite high, especially at the $64,817 price zone, indicating strong selling pressure. Lower volume in recent bullish candles shows a lack of strong buying pressure. BTC appears to be in a distribution phase after a rally. The decline from the recent high could signal a âshakeoutâ or âtestâ phase before continuing to decline.
BNB- Continues to maintain upward momentum with BTC
BNB price is currently trading around $606.6, after experiencing a significant increase from the $508.4 support zone. Trading volume during the recent rally has been fairly steady, indicating buyer interest. However, volume has not really exploded, suggesting that the upside potential has yet to be fully exploited. Some bullish candles are accompanied by low volume, indicating a possible short-term correction.
SUI Breaks Out Spectacularly, Up 70% in 2 Weeks: Will the Uptrend Continue?
SUI, one of the most anticipated layer 1 projects of 2023, has had an impressive performance, increasing its value by more than 70% in just 2 weeks. From a price of 0.788 USD on October 11, SUI has been continuously growing, setting a new high at 1.7929 USD. Is this spectacular rise sustainable or is it just a "bubble" about to burst? SUI is in a strong uptrend, confirmed by a series of higher highs and higher lows and the breakout of important resistance levels.
DYM is trading at $2,029, after a strong rally from the $1,700 price zone. The price is currently retesting the old resistance zone at $2,033. Trading volume during the recent rally was quite good, indicating strong buying power. However, the volume at the current resistance zone is not really convincing, there may be selling pressure blocking it. If the price breaks above the $2,033 resistance with high volume, this could be a confirmation signal of the pattern and open the door for a strong upside move.
SAGA Finds Its Uptrend Again: New Opportunity For Investors?
SAGA is trading at 2.8688 USDT, surpassing its recent high of 2.8740 USDT. After a prolonged accumulation phase, SAGA has broken out of a key resistance zone and is in a strong uptrend. Trading volume increases sharply during the breakout phase, indicating active buyer interest and participation. Bullish candles are often accompanied by high volume, confirming the strength of the uptrend.
TrueFi (TRU) Impressive Recovery: Can It Break Out From Resistance Zone?
TrueFi (TRU) has made an impressive recovery in recent days, rising more than 25% from its low of $0.0750. The price is currently trading around $0.1025 and is facing a key resistance zone at $0.1064. Does TRU have enough momentum to break out of this zone and continue its upward momentum? TRU is in a short-term uptrend, confirmed by a series of higher highs and higher lows. The nearest resistance zones are $0.1064 (old high) and $0.12 (historical high).
BTC sideways + DOM down + MarketCap up --> Altseason has started in doubt!!!
BTC is trading at $64,384.46, after successfully retesting the $62,000 support zone. The price is in an uptrend and is trying to break out of the $64,000 resistance zone. Trading volume during the recent rally was quite stable, showing relatively strong buying power. However, the volume at the current resistance zone has not really exploded, need to monitor further to confirm buying power. BTC may be in the "Markup" phase of the Wyckoff Accumulation model.
TIA has had an impressive run in recent times, rising more than 20% from the $5,000 price range to an all-time high of $6,910. However, is this rally sustainable? TIA is in a long-term uptrend, confirmed by a series of higher highs and higher lows. The nearest resistance level is the $6,910 zone (old peak). The nearest support levels are at $5,978, $5.5 and $5,000. RSI is in the overbought zone, indicating that the bullish momentum is strong. However, it is also important to note that RSI has been in the overbought zone for a long time, indicating the possibility of a short-term downside correction. MACD is also showing a negative divergence signal, indicating that the bullish momentum is weakening.
Crypto Market Today: Green Covers, Altcoins Lead Growth
The cryptocurrency market today witnessed a bright trading session with green covering the whole market. Bitcoin (BTC) remained stable above $63,000, while altcoins exploded, led by SEI (+23.7%), PHB (+23.9%), SAGA (+22%), and EDU (+16.1%). Altcoin Dominance: The strong growth of altcoins shows that money is flowing into this market. DeFi, GameFi, and Metaverse projects are especially notable for their impressive growth.
WIF has had a spectacular rally, breaking out to a new all-time high of $1,937. This growth comes amid signs of recovery in the overall crypto market. However, the question is whether this rally is sustainable or just a pump and dump? WIF has broken out of the $1.4 - $1.8 accumulation zone that has lasted since early September, surpassing the important $1.8 resistance level with high trading volume.
NEAR Explodes: Up 50% in a Month, Will the Bullish Momentum Continue?
NEAR Protocol (NEAR) had a breakout September with impressive growth, reaching a new high of $5,198, up more than 50% from the beginning of the month. This growth occurred in the context of the general crypto market showing signs of positive recovery. However, is this growth sustainable or is it just a pump and dump?
NEAR convincingly broke the key resistance level of $4,253 (Strong Low), confirming the strength of the uptrend.