Tag: Rally

Why Bitcoin price rally risks a bull trap as Fibonacci holds

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Bitcoin price impulsive rally is approaching a dense resistance cluster, raising concerns that the move could evolve into a bull trap. Summary Price testing channel high and Fibonacci resistance Declining volume signals weakening bullish momentum Rejection risks rotation toward $60,000 channel support Bitcoin (BTC) price has staged a sharp recovery from recent lows near $60,000, pushing price back toward the upper boundary of its broader trading channel. While the rally has improved short-term sentiment, the technical landscape suggests caution. Multiple layers of resistance now converge above price, creating conditions where…

Willy Woo Warns Liquidity Breakdown Could Cap Bitcoin’s Rally Despite Short-Term Relief

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Bitcoin faces mounting bearish pressure as weakening liquidity and deeply negative on-chain flows cloud the outlook, Willy Woo warns, suggesting that any short-term rebound may be rejected before a durable recovery can take hold. Bitcoin Faces Structural Weakness With $45K Touted as Typical Bear Market Floor Crypto market cycles remain under close scrutiny as on-chain […] Original

Z Score of Bitcoin-to-Gold Ratio Signals ‘Major’ Rally Coming: Analyst

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Bitcoin (BTC) is relatively undervalued compared to gold and the global money supply, which could signal a price reversal, according to Samson Mow, the CEO of Bitcoin technology company Jan3. “Bitcoin is about 24%-66% below its trend relative to gold’s market cap or global money supply, while gold is overextended,” Mow said in a Saturday post on X. Gold futures for April delivery closed Friday at $5,247.90; Tokenized gold PAX Gold USD was trading at the time of writing at $5,404.14. Mow also cited Bitcoin’s Z-score, a metric that tracks…

XRP Daily Liquidity Is Pointing To A Rally To $4, Analyst Explains What’s Going On

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XRP’s liquidity structure on higher timeframes is in a situation where the path of least resistance could extend to the $4 level. The remark came from crypto analyst Bird in response to hourly and daily liquidity heatmaps shared by Cryptoinsightuk, which show a clear contrast between short-term and higher-timeframe liquidity positioning. At the time of writing, XRP is trading around $1.45, still below the large liquidity clusters visible above the current price. According to Bird, that imbalance may not stay unresolved for long. Hourly Liquidity Cleared, Short-Term Volatility Reduced XRP’s…

Bitcoin Rally Stalls Near $70K: Will Altcoins Keep Going?

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Key points: Bitcoin continues to face selling on minor rallies, indicating a negative sentiment. Several altcoins have turned down from the overhead resistance levels, indicating the bears are active at higher levels. Bitcoin (BTC) continues to face selling on rallies, with bears attempting to sink the price below $66,000. However, some analysts believe the downside may be limited.  Analyst Willy Woo said in a post on X that the selling may have exhausted and BTC is likely to enter a period of consolidation. He expects the rebound to be rejected…

Ethereum Price Signals Fresh Rally Attempt, Traders Watch Key Levels

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Ethereum price started a major rally above the $2,020 resistance. ETH is now consolidating gains and might aim for another increase above $2,050. Ethereum started a fresh upward move above the $1,980 zone. The price is trading above $2,000 and the 100-hourly Simple Moving Average. There is a new bearish trend line forming with resistance at $2,040 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it stays below the $2,080 zone. Ethereum Price Dips To Support Ethereum price managed to…

Bitcoin Slides to $66K Support as Relief Rally Loses Steam

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Bitcoin’s rally stalled as the cryptocurrency retreated from over $69,000 to roughly $67,000, triggering over $470 million in liquidations and wiping $40 billion off its market cap. Market Cap Shrinks Amid Liquidations On Feb. 26, bitcoin’s relief rally hit a wall. After effortlessly sweeping past the $69,000 mark, the cryptocurrency struggled to sustain its upward […] Original

XRP March Recovery? Analyst Eyes Rally If This Level Breaks

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During the Wednesday market recovery, XRP surged 7.9% to hit a one-week high of $1.47. The cryptocurrency has been hovering between $1.35-$1.50 over the past three weeks but has failed to break above the local range’s upper boundary. As the price nears this resistance once again, an analyst has suggested that a short-term rally toward another critical level could be brewing, potentially setting the stage for the altcoin to decide its next market direction by the end of Q2. Related Reading XRP To See March Breakout On Wednesday, analyst ChartNerd…

Dogecoin (DOGE) Strengthens as Altcoin Rally Signals Renewed Risk Appetite

Dogecoin started a major increase above $0.10 against the US Dollar. DOGE is now consolidating and might decline again if it fails to clear $0.1060. DOGE price started a fresh increase above $0.0950 and $0.10. The price is trading above the $0.10 level and the 100-hourly simple moving average. There was a break above a bearish trend line with resistance at $0.0942 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could aim for a fresh increase if it remains stable above $0.0988. Dogecoin Price…

XRP Price Rally Accelerates, $1.50 Resistance Could Decide Next Move

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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…