$35,000 The Next Key Level To Break For Bitcoin, Here’s Why
Bitcoin has now broken the $31,000 mark with its latest rally. According to on-chain data, the level could be the next major milestone for BTC. Bitcoin Realized Price Of 2021 Holders Is $35,000 At The Moment In a new post on X, analyst James V. Straten has discussed the profit/loss situation of the different yearly Bitcoin buyer cohorts. The indicator of interest here is the “realized price,” which keeps track of the average price at which investors in the BTC market bought their coins. When the asset’s spot price is below this metric, the average holder in the sector is....
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Bitcoin extended its rally above the $57,000 against the US Dollar. BTC could continue to rise if it is above the $56,000 support zone. Bitcoin is trading in a positive zone above the $56,000 support zone. The price is now trading above $56,000 and the 100 hourly simple moving average. There was a break above a key declining channel with resistance near $55,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is correcting gains, but the bulls could remain active near $56,000. Bitcoin Price Eyes More Upsides Bitcoin price remained well supported above the $55,000....
After the market crash that sent the Bitcoin price falling toward $100,000, the XRP price also saw a notable decline, and this crash has brought it toward an important level. While the digital asset continues to hold above the $2.1 level, it remains critical support and a break below this could be negative for the price. This is outlined by crypto analyst The Alchemist Trader, who has shown what direction the XRP price could be headed in depending on what happens here. XRP Price Threatens Major Support Level After the almost 4.5% decline that ravaged the XRP price over the last week, it....
Bitcoin has been struggling to hold above $19,000 for the past couple of days, with the selling pressure above this price level proving to be significant If sellers continue suppressing the cryptocurrency’s price action and hold it below this level for an extended period of time, it could lead to some serious losses One trader is now noting that Bitcoin could still be on the cusp of seeing further upside in the hours ahead, noting […]
Here’s what we are focusing on for this morning’s session in the bitcoin price. We’re heading into the middle of the week, and action so far has given us plenty to go at. Having traded relatively flat over the weekend, the bitcoin price entered the week with a bang, rushing through the 550 flat mark and sustaining some upside momentum towards what now looks to be the next major upside milestone – 600 flat. Whether we will actually break this level remains to be seen – longer term its almost an inevitability, but near term we cannot be so sure. Regardless, we are going to set up against....
Bitcoin price gained momentum and settled above the $57,000 level against the US Dollar. BTC is likely to break the $58,500 resistance and start a strong rally. Bitcoin started a steady increase and it broke the $56,500 resistance zone. The price is now trading well above the $56,000 level and the 100 hourly simple moving […]