Bitcoin, Stocks And Altcoins Move Toward New Houses
Bitcoin’s consolidation near the highs suggests the bulls are holding on to their positions in anticipation of a rally to new highs.
Bitcoin’s consolidation near the highs suggests the bulls are holding on to their positions in anticipation of a rally to new highs.
Bitcoin is in the midst of a new price trend, and while $150,000 is the target, a brief period of consolidation could occur first.
Bitcoin continues to find support at key moving averages, while altcoins set up for a move toward their range highs.
Crypto traders want new all-time highs, but charts suggest Bitcoin could test underlying support levels first.
Bitcoin and large-cap altcoins see bidding at their range lows, providing the energy needed for BTC price to recapture $100,000.
Analysts forecast an extended Bitcoin price rally to $120,000 if BTC secures a close above a new all-time high.
Bitcoin and altcoins could see a parabolic rally if BTC price pushes through the $112,000 resistance.
Buyers are expected to fiercely defend the $100,000 support on the way down.
Bitcoin’s recovery of the $109,000 level is a sign that the uptrend for BTC and altcoins remains in play.
Bitcoin and altcoins bounced off their intraday lows, proving that bulls are viewing all dips as purchasing opportunities.
Bitcoin’s correction has not curtailed investor attention in select altcoins, which continue to move higher.
Bitcoin’s strength below $95,000 is making an investment case for select altcoins that are also pressuring their overhead resistance levels.
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