Bitcoin Flips Key Support, Bulls Now Target $117,000

Bitcoin Flips Key Support, Bulls Now Target $117,000

Bitcoin (BTC) has reached a critical turning point, successfully flipping a key horizontal support zone that previously acted as resistance. With momentum now building, the focus has shifted to the next major test: the $117,000 resistance level. A decisive move above this threshold would not only confirm the continuation of the current rally but also set the stage for a potential run toward new highs. Daily Support Flip Confirms Bullish Control Alpha Crypto Signal, in a recent market update, pointed out that BTC is showing renewed strength on the daily timeframe. The leading cryptocurrency....


Related News

Ethereum Could Target $700 Next If Bulls Break This Crucial Resistance

Ethereum has been closely tracking Bitcoin’s price action as of late, which has caused it to see some large volatility Bulls have been trying to secure ETH a stable position above $600, but the selling pressure here has been quite intense Until Bitcoin flips $19,000 into a support level and begins pushing higher, ETH could see some further consolidation One trader is now noting that a strong daily close above $600 could be all that […]

Bitcoin Rockets Past $30,000 as Bulls Target Key Level; What Analysts are Saying

Bitcoin is in the process of rocketing up towards $32,000, with the cryptocurrency showing some immense signs of strength as bulls target it seeing further upside The overnight breakout rally that allowed it to see this explosive move higher came as a shock, with the resistance at $30,000 being sliced through with ease The strength of this movement does bode well for bulls, as it indicates that significantly further upside could be imminent in the […]

If Bitcoin Price Doesn’t Hold Take And Hold $69,000 With Momentum, It Could G...

The Bitcoin price broke below $70,000 over the weekend, effectively erasing the gains from the previous week. This move puts the cryptocurrency in a perilous position as the bulls are now hard-pressed to find another major support or risk the decline going deeper from here. According to one analyst, Bitcoin bulls will have to reclaim and hold $69,000 with momentum in order to trigger another recovery trend. Why Bitcoin Bulls Must Hold $69,000 According to crypto analyst Tealstreet, the bulls will need to defend $69,000 to prevent the Bitcoin price from falling lower. The reason for this is....

XRP Price Could See 20% Bounce To $3.4 If This Trendline Holds

The XRP price is still showing bullish momentum despite the previous wave of downtrends. After falling below $2.8, a quick bounce was able to reclaim this level once again as support, putting it on a path lined with further gains. With the formation of an ascending trendline, the XRP price may be sitting on a ticking time bomb primed for explosion, and this would send it back toward its July peaks as bulls find their way back into the market again. XRP Price Breakout Could Notch 20% Gains The analysis from CMF Trading Point shows that the XRP price is at a critical level after the....

Is Bitcoin at risk of another drop below $40K in a historically corrective Ma...

Bitcoin is showing signs of weakness as February draws to a close. Bitcoin (BTC) has seen a corrective week as the price dropped from $58,000 to $44,000 in a matter of days. This dropdown caused a panic reaction across the markets as the euphoria was immediately halted.For instance, the Crypto Fear and Greed Index plunged to monthly lows of 56 after being above 90, or "extreme greed" for an entire month. Crypto Fear & Greed Index. Source: Alternative.meHowever, such a panic reaction is unwarranted because corrections appear frequently in a bull market as a "reset" before continuation. This....