Bitcoin Price To See A New All-Time High Soon, Dogecoin (DOGE) Tumbles Down

Bitcoin price gains bullish support as the BTC token soars to the $104,050 level. Experts claim that the spot Bitcoin ETF approval is a major

Bitcoin price soared to the $104,050 level on Monday, continuing its recent rally. Experts attributed the gains to the approval of a spot Bitcoin ETF, which fueled a massive influx of funds into the cryptocurrency.

Meanwhile, Dogecoin (DOGE) price tumbled in the session, dropping over 21% as meme coin’s rally lost steam. However, investors found solace in the AI-driven platform IntelMarkets, which clocked up an impressive presale raise of over $7 million.

Bitcoin Price To See A New All-Time High Soon! (BTC News)

Bitcoin’s prediction for today is highly bullish, with BTC price currently trading around $104,050 after breaking through a critical resistance level of $104,000. Experts are eyeing the $125,000 price point next for Bitcoin.

BTC price is continuing an upward trend after pulling back to around the $89,000 level, where BTC tested EMA 50 and bounced back up.

Bitcoin price is now eyeing the next major resistance at $105,000. This level has acted as a strong barrier in the past and could hinder further upward momentum. Should Bitcoin price overcome this resistance, it may aim for new all-time highs in the $110,000 to $115,000 range, as suggested by BTC news.

On the downside, an earlier significant resistance, the $100,000 price point, now acts as a short-term support level. If BTC dips below this mark, the next support level is around $95,000, where the Bitcoin price consolidated before its recent rally. A more substantial decline could see Bitcoin price testing crucial support at $90,000 again.

BTC’s position above key moving averages, which traditionally indicates a strong upward trend, is bolstering the bullish sentiment, as per the BTC news. Moreover, the surge in trading volume that accompanied the breakout above $100,000 highlights significant buyer interest, further supporting the bullish case.

Dogecoin (DOGE) Struggles To Hold Support Amid Market Decline

Dogecoin (DOGE) price witnessed a major setback over the last week as the meme coin’s value plummeted over 21%. The Dogecoin (DOGE) price dipped below the 200 EMA line on the 4-hour chart after reaching a high of $0.43434 over the past seven days.

As of right now, Dogecoin (DOGE) price is trading at $0.34066. The decline has also broken through the 50% Fibonacci level at $0.35321, indicating a potential for further price drops.

However, analysts are observing a potential reversal at the current levels. The RSI on the 4-hour time frame is showing a minor bullish divergence in the oversold area. The lower price rejections in the recent bearish candles also indicate that buyers are attempting to counter the selling pressure. The first major support level for Dogecoin (DOGE) price is at $0.3303, which marks the 38.20% Fibonacci retracement level.

Interestingly, whale activity on the Dogecoin (DOGE) network has increased, with 588 transactions totaling over $1 million in the past day. Such activity may indicate an increase in institutional investor interest, which could boost price levels in the short term.

IntelMarkets: A Potential Contender Against Bearish Trends

IntelMarkets is emerging as a potential contender that could outshine other altcoins with its advanced AI-driven technology. Especially in critical conditions where the whole crypto market is going through significant fluctuations, this platform could surpass others with its unique value propositions.

For instance, its self-learning AI agents perform a real-time market data analysis and provide predictive insights. These insights can be used by traders to enhance trading strategies and take their trading game to the next level.

To avoid potential losses in the crypto market, it is essential to make quick decisions. Hence, IntelMarkets platform utilizes NVIDIA-Driven Scalability, employing H200 GPUs for ultra-fast processing, which allows users to execute trades without any lag. It could also enable them to react quickly to market shifts and make informed decisions.

The platform also utilizes an Intell-Array Monitoring System that provides up-to-date and comprehensive real-time insights. This broad data coverage system will keep the investors informed about market trends and sentiment changes.

These incredible features are drawing significant attention from investors towards IntelMarkets. It has already surpassed 100k holders and gathered more than $7 million in funding in its presale. So, all of these indicators signal the potentially strong prospect of IntelMarkets.

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Disclosure: This is a sponsored press release. Please do your research