Shamii05
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#Liquidity101
A Consolidation Continues for Crypto market Amid Positive News
Despite some encouraging news, the crypto market is currently in a phase of consolidation. The total market capitalization has decreased by $13 billion in the last 24 hours, stabilizing around $3.25 trillion. This hesitation reflects ongoing uncertainty, urging investors to be cautious.
Indeed, the lack of a clear direction is keeping the crypto market within a tight range between $3.31 and $3.21 trillion. The fluctuating conditions leave traders in anticipation, awaiting more positive signals to re-engage. However, a bullish trend reversal is still possible if momentum strengthens in the coming days.Bitcoin : Between Resistance and Opportunity
On the Bitcoin front, the uptrend continues with a price holding above $103,000. The leading cryptocurrency appears well-positioned to soon break the key resistance level at $106,265, bringing it closer to the all-time high at $108,800. A breakout above this resistance could propel the Bitcoin price beyond $116,000 or even $130,000 in the weeks ahead.
Bitcoin has formed an upward trendline that could be breached soon, reinforcing the likelihood of a drop to $102,600. It is essential to monitor a rebound and the resistance at $104,900 in the days ahead if this scenario unfolds. If it fails to reclaim $105,000, it may go lower, below $100,000.
If this breakthrough materializes, it could inject a new positive momentum into the market, providing a solid base for a continued upward trend. However, investors remain cautious about the possibility of a correction down to $102,634, which could temper this optimism.
A Consolidation Continues for Crypto market Amid Positive News
Despite some encouraging news, the crypto market is currently in a phase of consolidation. The total market capitalization has decreased by $13 billion in the last 24 hours, stabilizing around $3.25 trillion. This hesitation reflects ongoing uncertainty, urging investors to be cautious.
Indeed, the lack of a clear direction is keeping the crypto market within a tight range between $3.31 and $3.21 trillion. The fluctuating conditions leave traders in anticipation, awaiting more positive signals to re-engage. However, a bullish trend reversal is still possible if momentum strengthens in the coming days.Bitcoin : Between Resistance and Opportunity
On the Bitcoin front, the uptrend continues with a price holding above $103,000. The leading cryptocurrency appears well-positioned to soon break the key resistance level at $106,265, bringing it closer to the all-time high at $108,800. A breakout above this resistance could propel the Bitcoin price beyond $116,000 or even $130,000 in the weeks ahead.
Bitcoin has formed an upward trendline that could be breached soon, reinforcing the likelihood of a drop to $102,600. It is essential to monitor a rebound and the resistance at $104,900 in the days ahead if this scenario unfolds. If it fails to reclaim $105,000, it may go lower, below $100,000.
If this breakthrough materializes, it could inject a new positive momentum into the market, providing a solid base for a continued upward trend. However, investors remain cautious about the possibility of a correction down to $102,634, which could temper this optimism.
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