| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $98355.8000000000 |
| ETH | $3149.8000000000 |
| BNB | $609.5218800000 |
| XRP | $1.1187690000 |
| ADA | $0.7926709000 |
| SOL | $242.6023000000 |
| DOGE | $N/A |
| DOT | $5.6695700000 |
| LTC | $90.2681000000 |
| LINK | $14.5265400000 |
Category: CRYPTO NEWS
The post Is This a Breather Before the Next Move? appeared on BitcoinEthereumNews.com. Bitcoin price extended gains above $88,000. BTC is now consolidating gains near $90,000 and might see a minor decline in the near term. Bitcoin extended its increase and traded above the $88,000 zone. The price is trading above $86,500 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at $85,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to rise if it stays above the $85,000 zone. Bitcoin Price Sets Another ATH Bitcoin price started a fresh increase above the $85,000 level. BTC cleared the $86,500 resistance and traded to a new all-time high. It posted a high at $89,852 and is currently consolidating gains. There was a minor decline below the $88,500 level. However, the price is still well above the 23.6% Fib retracement level of the upward move from the $78,555 swing low to the $89,852 high. There is also a connecting bullish trend line forming with support at $85,200 on the hourly chart of the BTC/USD pair. Bitcoin price is now trading above $86,500 and the 100 hourly Simple moving average. On the upside, the price could face resistance near the $88,500 level. The first key resistance is near the $89,200 level. Source: BTCUSD on TradingView.com A clear move above the $89,200 resistance might send the price higher. The next key resistance could be $90,000. A close above the $90,000 resistance might initiate more gains. In the stated case, the price could rise and test the $92,000 resistance level. Any more gains might send the price toward the $100,000 resistance level. Start of Downside Correction In BTC? If Bitcoin fails to rise above the $88,500 resistance zone, it could start a downside correction. Immediate support on the downside is near the…
2024-11-13T03:19:16+00:00