Tag: resistance

BTC approaches the resistance zone while analysts warn of a possible setback to USD 76,600

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  • The key resistance zone is between $ 86,549 and $ 88,244.
  • Microstrategy buys 6,556 BTC for a value of 555.8 million dollars.
  • $ 90,000 is considered a psychological and technical barrier.

Bitcoin has come up again to about $ 89,000, approaching its historical maximum and preparing the stage for what could be a significant breakup.

According to cryptocurrency analyst Michael Van de Poppe the cryptocurrency is now approaching a crucial resistance band between $ 86,549 and $ 88,244.

Historically, this level has been difficult to overcome, which often leads to temporary corrections.

However, the current feeling of the market, combined with macroeconomic signals as a possible agreement between the United States and China, is feeding speculation about a new rebound beyond the $ 90,000.

In a Tweet published earlier this month, Van de Poppe shared a technical chart that highlights the Bitcoin rebound and its current position near a level of historical resistance.

He suggested that Bitcoin could first fall to try back the support at $ 80,982 before making another breakdown attempt.

A new fall at $ 76,604 is also possible if the current support is not maintained, which would mark a new test of an anterior support level that could now act as resistance.

Bitcoin wins 1.5% thanks to the accumulation of whales driving feeling

Bitcoin increase above $ 88,500 has been helped by a strong accumulation of institutional actors.

It should be noted that the US corporate shareholder. UU. Microstrategy recently acquired 6,556 BTC for a total cost of around $ 555.8 million.

The purchase occurs in the midst of a growing interest in Bitcoin as coverage against inflation and geopolitical risks, and seems to have given the market a impulse of trust.

According to Coinmarketcap, Bitcoin won 1.5% in the last 24 hours, which adds to its weekly gain of 4.7%.

The increase has also raised the general capitalization of the cryptocurrency market to more than 2.7 billion dollars.

Fountain: Coinmarketcap

Van de Poppe said that, despite approaching the territory of overcompra, the market can continue to be upward if Bitcoin is consolidated above the $ 88,000.

A sustained rise above $ 90,000 could open a movement towards new maximums, while if the support is not maintained around $ 80,000, prices could fall.

Analyst warns of recoil at $ 76,604 if the support fails

Technical indicators show that Bitcoin’s RSI is approaching critical levels, suggesting that temporary correction could occur.

Even so, many traders are considering the resistance level of $ 90,000 as the next important milestone.

If Bitcoin manages to reach $ 90,000 as support, he could mark a psychological and technical advance.

Historically, this type of pattern has led to a rapid price discovery.

However, if the impulse fades, cryptocurrency can have difficulty maintaining profits and visit lower support areas.

Van de Poppe said that a correction at $ 76,604 would still be within healthy limits and could act as a springboard for a future rebound.

The price level was previously a key support and remains one to take into account in the short term.

Macro trends could support Bitcoin’s impulse

In the macroeconomic front, Van de Poppe hinted at the potential impact of global events.

In particular, the signs of de -escalated between the United States and China could reduce market anxiety, which would cause a greater appetite due to the risk among investors.

The geopolitical calm, combined with the institutional accumulation and favorable regulatory signals, can prepare the scenario for Bitcoin to finally exceed their superior resistance.

However, short -term volatility should not be ruled out, especially because the asset remains close to historically reactive areas.

As of April 14, Bitcoin quote just above $ 88,606.

Now all eyes are put in itself the largest cryptocurrency in the world can consolidate their profits and exceed $ 90,000 in the next sessions.

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BTC and Cardano prices face resistance as Bitcoin Pepe increases

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The cryptocurrency market strives to recover, although fear remains the main emotion. While most of the main cryptocurrencies seem to have found their balance, most have found resistance at crucial levels. At the same time, cunning investors seek opportunities in new projects with a solid growth potential.

Bitcoin Pepethe only ICO of Memecoins on the Bitcoin Network, is one of these platforms. By bringing the culture of memes to the stable BTC network, investors get the best of both worlds. This also includes lower transaction commissions and a speed similar to that of Solana.

Bitcoin’s price stops on his way to recovery

Sosovalue’s data show that BTC ETFs Spot registered a net exit of 1.03 million dollars on Friday. Of the 12 main ETFs, the Bitcoin Ark 21Shares ETFs of CBOE registered a net entrance of $ 11.28 million. The rest did not register flow, and the Bitcoin Bitwise ETF recorded a daily net exit of 12.31 million dollars.

It should be noted that these data indicate the persistent selling pressure. While the market seeks a recovery, buyers seem reluctant to make great bets in their favorite tokens.

A look at Daily price graph of Bitcoin It shows that the cryptocurrency experiences resistance in the exponential (EMA) mobile average of 50 days at $ 85,930. With the entry of more buyers, the bullies will have the opportunity to continue going up to the next target at $ 89,075. On the negative side, I anticipate that $ 82,000 will be maintained as a stable short -term support zone.

Bitcoin Pepe sees a greater interest in stage 8, here is why

The cryptocurrency market has been quite unpredictable in recent months, since Trump’s aggressive tariffs generated risk aversion. Even so, cunning investors are still looking for memecoins with real and potential cases for explosive growth.

Bitcoin Pepe, Bitcoin Meme’s first ico, offers precisely that. In fact, their infrastructure and solid potential make investors go to mass to buy BPEP tokens before they reach the market in the second quarter.

Since the launch of its presale on February 11, the project has raised more than 6.5 million dollars, exhausting the first 7 stages. During that period, the first users have obtained 33.8 % of accumulated profits. What began with a 0.0210 token price is currently 0.0295 dollars and it is expected to reach $ 0.0864 at the end of the 30 stages.

In addition, beyond the current presale, BPP has the potential to multiply its value in the coming months. When integrating the memecoin 2 layer 2 solution in the Bitcoin Network, Bitcoin Pepe is emerging as the necessary bridge between the Memecoins and Bitcoin.

Investors enjoy the safety and stability of the BTC network, while benefiting from the capacity of the meme culture to transform a low investment project into a gold mine. In addition, the concept of “building Solana on Bitcoin” guarantees a transaction rate similar to that of Solana and low commissions. Hurry and Buy Bitcoin Pepe here!

Cardano’s price faces resistance along the short -term mobile average while fear persists

Cardano’s price continues to quote below the EMA of 25 and 50 days, while economic uncertainty weighs on the cryptocurrency market. In fact, fear remains the main emotion that defines the sector. In comparison with a neutral level of 45 in the previous session, the feeling has fallen to a level of fear of 31 in Monday’s session.

As can be seen in its daily chart, the price of Cardano has remained stable above $ 0.6000, even while the bulls strive to exceed the resistance in the EMA of 25 days at $ 0.6595. If successful, the next objective will be the 50 -day EMA at $ 0.7000.   

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