Bitcoin Tests Support Before Aiming Higher: Crypto Daybook Americas

Bitcoin Tests Support Before Aiming Higher: Crypto Daybook Americas

By Omkar Godbole (All times ET unless indicated otherwise)In the world of rock climbing, athletes don't simply grab a new ledge and reach out for the next one. First, they put their full weight on the new ledge to ensure it's solid before aiming higher.Bitcoin (BTC) has followed a similar pattern since Friday's U.S. jobs data, which triggered concerns of a recession in the world's largest economy. The cryptocurrency's price came under pressure, …

Bitcoin’s Next Move Could Change Everything

As of August 5, Bitcoin is hovering around $114,531, slipping 0.05% in the past 24 hours and down over 3.6% on the week. Despite the temporary bounce, the top cryptocurrency remains trapped below a critical resistance zone that analysts say must be broken to ignite a new all-time high push. Michaël van de Poppe pointed out that BTC failed to break the $115,000 threshold, calling it the “first resistance zone” and warning that momentum must build…

Bitcoin (BTC) Price Must Break $116,800 to Go "Explosive," Says Top Analyst

Bitcoin’s price is retesting a major macro trendline that dates all the way back to 2017. Analysts see the $110K-$112K zone as a critical support and accumulation level for BTC. The key resistance to break for a new rally is $116,800, according to the charts. Leading market analysts are growing more optimistic about Bitcoin, suggesting the stage is being set for a major bull run in the second half of the year. While the price has seen a nearly 4…

Bitcoin Price Regains Strength – Can the Rebound Turn Explosive?

Bitcoin price is recovering from the $112,000 support zone. BTC is rising and might attempt to clear the $115,500 resistance zone to gain bullish momentum. Bitcoin started a decent upward move from the $112,000 zone. The price is trading above $114,000 and the 100 hourly Simple moving average. There is a bullish trend line forming with support at $114,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start anot…

BTC defends key zone, bull run toward ATH still in play

The post BTC defends key zone, bull run toward ATH still in play appeared on BitcoinEthereumNews.com. Bitcoin has defended a key support zone following its recent all-time high, maintaining the bullish structure. As long as this level holds, a continuation toward higher price discovery remains likely. Summary Bitcoin is holding above key confluence support at $111,800 after a post-ATH correction Volume and structure support the potential for a b…