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Cryptocurrency News Articles

Bitcoin (BTC) eyes recovery, Sui (SUI) and Uniswap (UNI) could rally alongside

Jan 10, 2025 at 11:55 pm

Bitcoin (BTC) lost nearly 3% of its value this week, the largest cryptocurrency is beginning its recovery on Friday.

Bitcoin (BTC) eyes recovery, Sui (SUI) and Uniswap (UNI) could rally alongside

Bitcoin (BTC) price attempts to recover on Friday, adding nearly 3% to its value and trades above $94,000. BTC price eyes a recovery after losing nearly 3% this week. Among the altcoins, Sui (SUI) and Uniswap (UNI) price movements and technicals show potential for gains in the coming week.

Related Reading: Bitcoin Price Analysis For January 12: BTC To Rally Past $96K Resistance? | Crypto Newsbitcoin

Bitcoin Price Eyes Recovery, Sui And Uniswap Could Rally Alongside

Bitcoin price began a strong rally last week, adding nearly 10% to its value and finally crossed the $90,000 mark. However, BTC price faced resistance at $94,480, and the largest cryptocurrency consolidated in the following days.

Bitcoin price attempts to recover on Friday, adding nearly 3% to its value. BTC price trades above $94,000 after losing nearly 3% this week. Among the altcoins, Sui (SUI) and Uniswap (UNI) price movements and technicals show potential for gains in the coming week.

After beginning the week with gains, BTC lost nearly 3% of its value. At the time of writing, BTC fiyatı nearly 3% gains on the day, trading above $94,000. The largest cryptocurrency consolidated close to the lower boundary of its price range on a daily timeframe.

Bitcoin price on the daily chart | Source: TradingView

On a weekly timeframe, Bitcoin price lost nearly 3% of its value. BTC price began the week trading at $91,160 and reached highs of $94,480 on Monday. After failing to breach the upper resistance, BTC price consolidated and lost nearly $4,000 in the following days.

Bitcoin price attempts to recover on Friday, adding nearly 3% to its value and trades above $94,000. At press time, BTC price reached lows of $88,860 on Thursday, nearly breaking the lower support at $89,750. However, the largest cryptocurrency closed the day above $90,000.

Bitcoin price attempts to recover on Friday, adding nearly 3% to its value and trades above $94,000. After beginning the year trading at $46,640, BTC price reached a new all-time high of $96,320 on January 6. BTC price lost nearly 21% from its peak and reached lows of $76,560 on January 10.

Bitcoin price attempts to recover on Friday, adding nearly 3% to its value and trades above $94,000. The largest cryptocurrency recovered from the lows and began to consolidate within a new price range. BTC price now attempts to rally once again and reach new highs.

Bitcoin price attempts to recover on Friday, adding nearly 3% to its value and trades above $94,000. Traders need to keep their eyes peeled as the Moving average convergence divergence indicator flashes red histogram bars under the neutral line, meaning that there is underlying negative momentum in UNI price trend.

If UNI extends its gains, the DeFi token could target the January 6 high of $15.595. UNI could test resistance at $15.595, marking a 17% gain in the token’s price.

Bitcoin price attempts to recover on Friday, adding nearly 3% to its value and trades above $94,000. SUI is in an upward trend that started in November 2024. The token of the Layer 1 blockchain is close to its peak of $5.3772. SUI could continue its uptrend and rally towards the 127.2% Fibonacci retracement at $6.4037.

Bitcoin price attempts to recover on Friday, adding nearly 3% to its value and trades above $94,000. SUI could rally 26% and test resistance at $6.4037.

Bitcoin price attempts to recover on Friday, adding nearly 3% to its value and trades above $94,000. RSI and MACD support a bullish thesis for the Layer 1 token, RSI is sloping upwards and reads 60. MACD shows green histogram bars above the neutral line, signaling positive momentum is the underlying SUI price trend.

News source:crypto.news

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