Morris15
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As a result, Bitcoin has returned to the boundaries of the Ichimoku Cloud, but to develop an upward movement, it needs to overcome its upper limit around $106,250. It is quite likely that it will not succeed on the first attempt, and we will see a repeat descent to the volume level of $103,600. It is extremely important for buyers to hold this zone, as it will maintain the chances for a new upward impulse. A move with a fixation below this mark will signal a continuation of the correction. The first stop will be at the round $100,000.
#BTC110KSoon?
#BTC110KSoon?
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The US stock market closed Thursday's trading in positive territory due to the rise of the utilities, healthcare, and IT sectors. As a result of trading on the NYSE, the Dow Jones index rose by 0.24%, the S&P 500 added 0.38%, and the NASDAQ Composite increased by 0.24%.
▫️The capitalization of the cryptocurrency market fell by 3.1% over the past 24 hours, with #BTC dominance rising by 0.75%. In the current conditions of geopolitical turbulence, it is better to refrain from new transactions until clarity on the situation arises. Any attempt to chase the rebound without considering fresh news may result in a false entry. At a minimum, wait for the price reaction to support in the $103,600 zone.
▫️The capitalization of the cryptocurrency market fell by 3.1% over the past 24 hours, with #BTC dominance rising by 0.75%. In the current conditions of geopolitical turbulence, it is better to refrain from new transactions until clarity on the situation arises. Any attempt to chase the rebound without considering fresh news may result in a false entry. At a minimum, wait for the price reaction to support in the $103,600 zone.
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four-hour timeframe). Against the backdrop of the start of hostilities between Israel and Iran, sales began in the high-risk instrument markets. Although the $106,000 mark initially slowed Bitcoin's decline, selling pressure significantly increased, and the price dipped to $102,665, from which a bounce followed. The RSI indicator also tested the lower Bollinger Bands line, from which it reversed.
As a result, Bitcoin returned to the Ichimoku Cloud, but to develop an upward movement, it needs to overcome its upper boundary around $106,250. It is quite likely that this will not succeed on the first attempt, and we will see a repeat drop to the significant level of $103,600. It is extremely important for buyers to hold this zone because it will maintain the chances of a new upward impulse. A drop with a fixation below this mark will signal a continuation of the correction. The first stop will be the round $100,000.
As a result, Bitcoin returned to the Ichimoku Cloud, but to develop an upward movement, it needs to overcome its upper boundary around $106,250. It is quite likely that this will not succeed on the first attempt, and we will see a repeat drop to the significant level of $103,600. It is extremely important for buyers to hold this zone because it will maintain the chances of a new upward impulse. A drop with a fixation below this mark will signal a continuation of the correction. The first stop will be the round $100,000.
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