Bitcoin Might Test $104,500 Before Hitting New Price Highs
Crypto traders want new all-time highs, but charts suggest Bitcoin could test underlying support levels first.
Crypto traders want new all-time highs, but charts suggest Bitcoin could test underlying support levels first.
Bitcoin appears to be gearing up for new price highs, while charts suggest that altcoins could struggle to follow.
Bitcoin chases its year-to-date range highs while altcoins crawl back from their recent lows.
Bitcoin and large-cap altcoins see bidding at their range lows, providing the energy needed for BTC price to recapture $100,000.
Bears are winning the battle to take control of Bitcoin price, but dip buyers could buy the fresh lows in BTC and altcoins.
The outcome of today’s FOMC presser could determine Bitcoin’s next trending price move.
Analysts forecast an extended Bitcoin price rally to $120,000 if BTC secures a close above a new all-time high.
Bitcoin and altcoins bounced off their respective support levels, highlighting traders’ dedication to buying large price dips.
Bitcoin faces slight resistance near $110,500, while the rally in ETH and HYPE suggests an altcoin season is beginning.
Bitcoin and altcoins could see a parabolic rally if BTC price pushes through the $112,000 resistance.
Bitcoin bulls have held the $100,000 support but may struggle to break above the $109,588 resistance.
Ether and select altcoins are showing strength even as Bitcoin bulls attempt to maintain the price above $105,000.
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