Here’s Why Bitcoin Must Hold Crucial Support At $63,111 – Analyst
The Bitcoin market recorded another week of volatile price action, but continues to consolidate a defined range between $60,000 – $70,000. Bearish sentiments remain at a heightened level, considering the downtrend observed in recent months and the non-confirmation of a cycle bottom. Notably, recent on-chain data has revealed the importance of a particular support level, which, if breached, could expose investors to steeper downsides and extend the crypto winter. Related Reading: Bitcoin Has Officially Entered Bearish Territory, And It’s Headed To $35,000; Chart Shows URPD Indicator....
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An analyst on social media platform X has highlighted a crucial support level for PEPE, as the meme coin faces a significant drawdown from its recent highs. Based on historical price trends, the analyst noted that PEPE has consistently experienced an average drawdown of approximately 64% following each local peak. The ongoing correction has placed […]
Solana (SOL) is currently trading at a crucial demand level near $163, following a retrace from local highs around $183. This price is a critical support area that could determine the direction of SOL’s upcoming price action. Losing this level could signal a deeper correction, which would intensify selling pressure and potentially push SOL to retest lower support levels. However, top analyst Daan shared a technical analysis suggesting that if SOL can hold this “green zone” around $160, it could pave the way for a rebound. Daan notes that in the most optimistic scenario, SOL could hold this....
According to a crypto analyst, the XRP price is currently trading at a critical support level that could determine its next move if it fails to hold it. The analyst has forecasted that XRP could extend its decline to new lows after its recent crash below $1.60. This prediction comes amid a widespread market downturn, […]
While the crypto market bounces from last week’s correction, Bitcoin (BTC) is attempting to reclaim a crucial area as support to continue its recovery rally. As the flagship crypto faces some resistance, some market watchers have suggested that this week’s close may be key for its end-of-year performance. Related Reading: Solana Reclaims Crucial Resistance Despite First SOL ETF Outflows – 25% Rally Ahead? Bitcoin Faces Rejection Ahead Of November Close Bitcoin has retested a crucial resistance level for the first time in a week, hitting a one-week high of $93,092 on Friday morning before....