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BeyOglu - The Analyst
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BeyOglu - The Analyst
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Bitcoin Market Update 🟠 | Midweek Price Action Bitcoin ($BTC ) faced notable resistance around the $105,000 level on Sunday, triggering a 2% decline on Monday. The Bitcoin saw a modest rebound on Tuesday, briefly retesting the $105,000 resistance zone. To Continue the Bull Trend It must breakout the 105,000$ Resistance zone. If the pullback continues, a deeper correction could see Bitcoin retest the key psychological support at $100,000 — a level closely watched by both bulls and bears. #CryptoCPIWatch
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Is Another Altseason Coming After BTC Hits ATH?
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Most of the Alt coins following the same pattern, according to the breakout of the descending trend $CFX might hit 0.13$.
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$ETH Breakout the Descending Trendline. #Ethereum 's price broke above the descending trendline (formed by connecting multiple high levels since early January) on Thursday, leading to a 44% rally. On Saturday, it also broke above the 200-day Exponential Moving Average (EMA), which was around $2,427. As of Monday, Ethereum's price is hovering around $2,513. If ETH manages to find support at its 200-day EMA and rebounds, the rally could continue and potentially extend to test the key psychological resistance level of $3,000. #beyoglu
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#XRP Breakout!!! $XRP 's price has broken above a long-term descending trendline resistance, mirroring positive sentiment across the crypto market. the daily chart reveals a solid bullish structure supported by multiple buy signals.
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