Three Key Factors That Might Hinder Bitcoin's Ascent to $120K
While Bitcoin is gaining momentum towards $120K, experts warn of potential pitfalls that could derail its rally.
Recent in
While Bitcoin is gaining momentum towards $120K, experts warn of potential pitfalls that could derail its rally.
Bitcoin has confirmed a bullish inverse head and shoulders pattern with its price exceeding $113,600, prompting analysts to project potential upward momentum.
The price of Filecoin has retreated to $2.43 following a test of the critical resistance level.
Major cryptocurrencies are forming bullish price patterns.
Currently priced at $2.44, Filecoin has established support between $2.38 and $2.39, while facing resistance at $2.46.
Bitcoin is forming a bullish inverse head-and-shoulders pattern, suggesting a potential rise towards $120,000, as indicated by technical analysis.
XRP is currently consolidating between $2.70 and $2.83, with significant whale activity hinting at a possible breakout.
XRP's recent candlestick pattern indicates early signs of a potential bullish reversal, while Bitcoin has breached a significant trendline amidst bearish pressure.
Bitcoin faces potential declines as technical indicators show a shift towards bearish momentum, with August seeing a notable drop leading to concerns of a downturn towards $100,000.
Analyst Alex Krüger suggests that current bearish indicators in the crypto market could set the stage for a bullish turnaround, especially following the Fed's upcoming decisions.
Polkadot's DOT token has shown a significant recovery to the $3.90 support level after a brief rise, with notable trading volume hinting at institutional interest.
Amid a drop below a significant moving average, Bitcoin's technical situation has soured, yet XRP, Ether, and Solana are showing resilience.
Bitcoin has returned to pre-Powell levels, indicating ongoing bearish pressure in the market.
Technical patterns hint at a possible downturn for Bitcoin after a significant price drop from record highs.
The recent rise in DOGE is linked to significant buying by institutional investors, along with bullish technical chart patterns.
XRP remains beneath the crucial $3.65 threshold, where bearish signals have appeared, as market data suggests profit-taking among holders.
Aptos' token, APT, experienced a significant 7% increase, bolstered by strong market momentum and substantial trading volume.
The Internet Computer's token shows strong upward momentum as it defends critical support levels amid significant trading volumes.
The rise in PEPE's price appears linked to broader market trends and anticipation of a Federal Reserve interest rate cut next month.
The number of SHIB tokens on exchanges increased, hinting at possible whale distribution despite notable accumulation.
Every week we share the most relevant news in tech, culture, and entertainment. Join our community.
Your privacy is important to us. We promise not to send you spam!