Tag: Key

Bitcoin Price To Recover $100,000: BTIG Cites Key Reasons For Optimism

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The Bitcoin price has recently stabilized above the $90,000 mark, sparking renewed optimism among bullish investors. Analysts at BTIG have suggested that this rebound could propel Bitcoin towards its ambitious target of $100,000.  Bitcoin Price Positioned For ‘Reflex Rally’ Jonathan Krinsky, an analyst at BTIG, expressed confidence that the Bitcoin price is positioned for a continued “reflex rally,” potentially reaching $100,000 in the short-term.  Historical data indicates that Bitcoin typically reaches a bottom around November 26, gaining momentum as the year comes to a close. This seasonal pattern further bolsters…

Bitcoin eyes next upside target as analysts track key fair value gap

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Bitcoin is rebounding after a sharp sell-off, with analysts highlighting reclaimed support, a filled fair value gap, and a looming imbalance zone that could define the next major move. Summary Crypto Patel says bitcoin has filled a fair value gap, tapped a bearish order block, and may push into a higher imbalance zone before any deeper correction.​ A sustained close above a higher resistance area would invalidate the current bearish structure and could trigger a new all-time-high trend, according to patel.​ Analyst the boss notes bitcoin has defended local support,…

BTC Needs Key Trend Shifts to Hold $90K

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Bitcoin (BTC) reclaimed $90,000 this week, but onchain data indicated that the move sat on shaky grounds. Despite a strong cost-basis cluster, demand, liquidity, and futures activity remained thin. Key takeaways: The $84,000 cost-basis cluster held 400,000 BTC, but spot demand above it remains shallow. BTC liquidity signals resembled the weakness seen in early 2022, with losses dominating recent flows. Recent futures activity was mostly shorts-covering, and not long-positional build-up.  BTC spot demand must improve above $84,000 cost basis Bitcoin’s recent move took place at the back of a dense…

Bitcoin Needs To Reclaim This Key Level To Escape The Trap Below $82,000

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Bitcoin is sitting at a critical crossroads once again, hovering dangerously close to a liquidity pocket that could trigger deeper losses if bulls fail to respond. Momentum has slowed, volatility is tightening, and attention is now locked on one key level that could determine whether BTC stages a recovery or slips further into the trap below $82,000. Key Resistance at $89,000 Remains Bitcoin’s Biggest Hurdle Analyst Lennaert Snyder highlighted in a recent update that BTC is currently locked in a critical fight for the key $89,000 resistance level. He acknowledged…

Dogecoin (DOGE) Shows Controlled Strength as Traders Eye Key Resistance Above

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

Has The Bitcoin Price Hit Its Bottom? Key On-Chain Data Signals Potential Rebound Ahead

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Following a significant downturn that saw Bitcoin (BTC) plunge to the $80,000 mark on November 21, the leading cryptocurrency has managed to stabilize above this critical threshold for several days.  This development has sparked speculation about whether this level represents a short-term bottom and if a new upward trend might follow. Potential Local Bottom For Bitcoin According to analysis from CryptoQuant analyst Carmelo Aleman, on-chain data indicates a market landscape characterized by institutional redistribution, structural weakness, and signs of a rebound that may hint at a local bottom. Related Reading…

Ethereum Price Approaches Key $3K Test, Recovery Momentum at Inflection Point

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Ethereum price started a recovery wave above $2,850. ETH faces resistance near $3,000 and might start a fresh decline in the near term. Ethereum started a recovery wave above $2,800 and $2,850. The price is trading above $2,850 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $2,970 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it settles below the $2,840 zone. Ethereum Price Faces Resistance Ethereum price managed to stay above…

Ethereum Price Faces Key Barriers That Could Decide the Next Market Move

Ethereum price failed to stay above $2,800 and tested $2,620. ETH is now attempting to recover but faces resistance near $2,890. Ethereum started a fresh decline after it failed to stay above $2,800. The price is trading near $2,840 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $2,960 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it settles below the $2,720 zone. Ethereum Price Attempts Recovery Ethereum price failed to continue…

aPriori Dismisses Insider Airdrop, Leaving Key Questions Unanswered

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Web3 startup aPriori said Friday that suspicious activity tied to its recent airdrop was not connected to its team, following investor concerns that a single entity claimed an outsized portion of the token distribution. A mysterious entity claimed about 60% of the recent aPriori (APR) token airdrop across 14,000 interconnected cryptocurrency wallets, according to blockchain analytics platform Bubblemaps. The pattern resembles a Sybil-style farming operation, where one actor uses multiple wallets to maximize rewards. APriori lowered eligibility requirements for its Monad Mainnet airdrop in an effort to reward “genuine users,”…

XRP Price Weakens Again, Key Demand Area Tested After Steady Downmove

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…