If Bitcoin fails to rise above the $102,500 resistance zone, it could start a fresh decline. Immediate support on the downside is near the $101,250 level.
The first major support is near the $100,000 level. The next support is now near the $98,550 zone. Any more losses might send the price toward the $96,500 support in the near term.
Technical indicators:
Hourly MACD â The MACD is now gaining pace in the bullish zone.
Hourly RSI (Relative Strength Index) â The RSI for BTC/USD is now above the 50 level.
Major Support Levels â $101,250, followed by $100,000.
Major Resistance Levels â $102,500 and $103,200.
Bitcoin Price Skyrockets Above $100K as MicroStrategy Announces Latest Purchase
Jan 6, 2025
$BTC
It has taken roughly three weeks for bitcoin to come out of the woods, skyrocket past $100,000, and tap a yearly peak of over $101,000.
This came after the most recent MicroStrategy purchase, which is sort of unexpected given the developments after the previous such occasions.
CryptoPotatoreportedlast Monday, just after the NASDAQ-listed giant announced its then-latest BTC purchase, that the cryptocurrency plunged hard, going from over $94,000 to a monthly low of $91,300. Interestingly, similar price drops transpired after each of the previous MicroStrategy, otherwise bullish acquisitions.
Now, though, the largest digital asset went on the offensive within an hour of the Saylor-led companyâs announcement on X. It went from $98,000 to its highest price tag since December 19 of over $101,000.
Cardano faces a pivotal week with the annual member meeting scheduled for December 31. This event will address the 2025 budget and other strategic decisions, potentially influencing $ADA direction for the upcoming year and sparking investor interest in the altcoinâs future.
The timing of the meeting, aligning with the new year, could provide the momentum ADA needs to reclaim $1.00 as support. Currently, Cardano is holding above the critical $0.85 support level, positioning itself for a possible recovery depending on market sentiment and outcomes from the meeting.
Celestia is one of the key altcoins to watch this week as it prepares for the Ginger upgrade. This critical update will double Celestiaâs data availability throughput while reducing block times by 50%, from 12 seconds to just 6 seconds, marking a significant milestone in its network development. The Ginger upgrade is expected to influence TIAâs price, particularly after the altcoin fell by 44% during the early December crash. Currently trading at $4.82, $TIA performance hinges on whether the market perceives the upgrade as a catalyst for recovery or further volatility. #alvisignals
here are some coins which can boost to 3Ă or 5Ă till 29 January $THE current price 1.6 target 3$ $XLM current price 0.33 target 0.80$ $SEI current price 0.40 target 1$ follow for more signals #alvisignals #THEusdt #Sei
Binance will delist the following trading pairs on 2024-12-20 at 03:00 (UTC): đš $BNT /ETH đš $CYBER ER /TUSD đš $EUR /AEUR đš $hmstr /BNB đš SUI/TUSD Tokens remain tradable under other pairs. Spot Trading Bots for these pairs will be disabled. Sell or adjust your holdings in these pairs before the delisting date. For details, refer to Binanceâs official announcement. #alvisignals #FollowMeAndGetReward
Bull Run Confirmed for $TLM /USDT! đĽđŻ $TLM /USDT has successfully broken the resistance zone around 0.01770, signaling strong bullish momentum. This could be an ideal time to take an entry. đ đš Entry: 0.01780-0.01797 đš Target 1: 0.01820 đš Target 2: 0.01860 đš Stop Loss: 0.01740 #CryptoUsersHit18M #alvisignals