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BTCUSD 4H
As long as Bitcoin stays below 100K on intraday, it is going to be on defensive and more spikes towards 90K are possible.
For coin to start building some strength it needs to go over 102K and stay there…
Supports : 98.000, 93.500 & 92.000
Resistances : 99.500, 102.500 & 106.500
This might be an early stage of Bullish Pattern forming, but it is way too early to tell.
BTCUSD – Bitcoin
Bitcoin Whales Resume Accumulation: Is a Rally Imminent?
The crypto market is recording a surge in bitcoin (BTC) inflows to whale wallets, indicating that this cohort of investors has begun to accumulate the digital asset again amid the recent downturn.
Sudden break of 104K upwards would be the first signal that the wave is starting.
However, this current consolidation might take few more days with a visit to 95K
BTCUSD SPIKES HIGHER ON THIS… Note Loomis has previously proposed US holding Bitcoin as a reserve
>Source Newsquawk.com
BTCUSD 5 Minute Chart
BTCUSD Daily
Bitcoin closed last night just below 103 K and left us wandering…
But today’s renewed test of the support at 100K and rejection ( again) is keeping Bullish sentiment ON.
It needs a close tonight above 103.600 for me to call it higher – or break below 100K to start another correction towards 90 K.
Anyways – as long as we have that rising angle, we are going Up – simple as that.
BTCUSD
110 K – almost – 109.547…
110.850 is exact number of given target– BTC can pause for awhile below it, but if taken in next 24h – next target is around 123 K
Fact that the Channel trendline held firm and launch the Bitcoin straight to the new all time high , makes me believe so.
Only close tonight Below 103 K changes this picture and negates continuous Bullish sentiment.
So What to expect from The Crypto World – BTC ?
Last two months of the previous year saw some extraordinary developments when it comes to Crypto currencies – Coins.
We have witnessed some mind-boggling rallies on Bitcoin, and all eyes have been glued to its performance.
But there are other Coins that deserve our attention as well:
What to expect from The Crypto World – BTC
SOLUSD Daily
Solana stayed shy of the Support trendline ( similar to Bitcoin) , and it has to take out 223.00 to attack the high.
However, it is still very much possible to see prolonged consolidation and to reach 160.00 prior to renewed Up Trend.
Be patient and do not try to run after it – you might end up buying a high that can last even several weeks….
So What to expect from The Crypto World – BTC ?
Last two months of the previous year saw some extraordinary developments when it comes to Crypto currencies – Coins.
We have witnessed some mind-boggling rallies on Bitcoin, and all eyes have been glued to its performance.
Why is Crypto market in Red today?
Reasons are many, but one obvious jumps out – Overbought – Correction is not only necessary, but underway….
So let’s see how The Top Coin – Bitcoin looks on the daily chart
Fact that Upward Trend is broken cannot be denied, but for Bitcoin to continue Down is more important how it is going to close tonight – below that trend line or above it.
Be aware that Upward Angle is lost, and it suggest more losses to come.
In my opinion, for BTC to regain strength and be able to make renewed attempts Up , it must not lose 87.350.00.
As long as it manages to stay within the Upper Channel, it will be able to make new rally.
For more Crypto insights continue reading….
XRPUSD
XRP Stronger Than Everyone: 2.2 Million Transactions
As the most successful cryptocurrency, XRP has maintained its position as the most reliable asset on a market that is prone to volatility. At $2.03, XRP has risen 10.6% in the last week, surpassing Bitcoin, Ethereum and Binance Coin, which are suffering losses ranging from 4% to more than 8%.
XRP is consolidating within a bullish triangle pattern, with resistance at $2.50 and immediate support at $2.20. Significant buying interest could be generated by a breakout above $2.50, which could lead to $3.00, a crucial psychological level.The downside is that a retracement toward $1.90 might occur if the $2.20 support is lost.
