Bitcoin Rally Faces First Test At $76K As Sellers Step In: Analysts
Daily profits from Bitcoin sales are climbing fast — and analysts say a key threshold could determine whether the current rally has legs or runs out of steam. Related Reading: ‘Extremely Good News’ – XRP DeFi Momentum Builds As SEC Softens Position On Interfaces Profit-Taking Still Below Danger Zone Realized daily profits are hovering around $500 million, according to blockchain data firm CryptoQuant. That number matters because $1 billion has historically marked the point where local price peaks tend to form. Reports from CryptoQuant indicate that if Bitcoin pushes closer to its realized....
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Bitcoin is entering a pivotal moment after failing to secure a close above the highly watched $125,000 all-time high. The rejection at this level triggered a sharp retrace, leaving bulls defending critical demand zones around $110,000–$112,000. This range is now seen as the line in the sand that could determine whether BTC resumes its bullish trajectory or faces deeper consolidation. Related Reading: Ethereum Faces High-Risk Setup: Leverage-Driven Rallies Signal Volatility Market analysts remain divided. Some highlight the resilience of buyers who continue to absorb selling pressure and....
The crypto market rally continues, but analysts are on the fence about whether BTC and ETH will slip back into range or push closer to higher-timeframe resistance levels. Cryptocurrency investors continue to enjoy this week's bullish price action after Bitcoin (BTC), Ether (ETH) and a handful of altcoins rallied on July 20 alongside gains in the traditional markets. Data from Cointelegraph Markets Pro and TradingView shows that a midday rally by Bitcoin bulls managed to lift the top crypto to a daily high of $24,281, which sparked a new round of bullish proclamations on Crypto Twitter.....
Ethereum price somehow remained above the $10.20 support against the US Dollar, but ETH/USD faces sellers on the upside near $10.30-10.40. Key Highlights. ETH price attempted a minor bounce against the US Dollar, but faced sellers near $10.40. There is a bearish trend line formed on the hourly chart of ETH/USD (data feed via SimpleFX), which has a resistance near $10.30. On the downside, the $10.20 low is acting as a support and preventing losses. Ethereum Price Resistance. There was a continuous selling pressure on ETH price against the US Dollar with resistance near $10.30-10.40. There....
Ethereum price extended the downside move against the US Dollar to test $11.50. Let’s see if the price can recover moving ahead or not. Key Highlights. ETH price declined further versus the US Dollar, and traded as low as $11.46. There is a new short-term bearish trend line formed on the hourly chart (data feed via SimpleFX) of ETH/USD, which may provide a relief rally. The pair is finding support near $11.50, which may produce a bounce in the short term. Ethereum Price Resistance. Ethereum price broke down further as sellers remained in action. There was a break below the $11.60 support....
Bitcoin has finally begun to strongly recover since last week’s lows near the $16,200 region. In the past 48 hours, the coin surged from the $17,000 region to $18,500 — the highest the coin has traded at in many days. Analysts are mixed over what comes next for Bitcoin. Some think that this rally is a precursor to new highs. Others think that the coin could revert lower as it faces down key resistance levels. […]