bitcoin
bitcoin

$94016.329158 USD

-2.27%

ethereum
ethereum

$3319.290208 USD

-0.96%

tether
tether

$0.999514 USD

-0.03%

xrp
xrp

$2.344966 USD

1.20%

bnb
bnb

$695.330975 USD

-0.17%

solana
solana

$194.064341 USD

-2.09%

dogecoin
dogecoin

$0.338479 USD

-3.76%

usd-coin
usd-coin

$0.999869 USD

-0.01%

cardano
cardano

$0.931570 USD

-6.47%

tron
tron

$0.247253 USD

-1.50%

avalanche
avalanche

$36.958792 USD

-4.58%

sui
sui

$4.771293 USD

1.32%

toncoin
toncoin

$5.281521 USD

1.13%

chainlink
chainlink

$20.208738 USD

-4.12%

shiba-inu
shiba-inu

$0.000021 USD

-1.99%

Cryptocurrency News Articles

BTC Rallies: Will Bulls Break Bearish Resistance and Set New ATH?

Mar 26, 2024 at 01:50 pm

BTC Rallies: Will Bulls Break Bearish Resistance and Set New ATH?

BTC Rebounds: Will It Outpace Bears and Form a New ATH?

After a period of consolidation, Bitcoin has reclaimed a key resistance level. Bulls remain strong, with prices consistently trending upwards. This raises the question: Will BTC close the quarter above key levels and set the stage for a new all-time high (ATH)?

Bear Attacks Thwarted, Bulls Hold Ground

Despite significant pullbacks, bears have been unable to push prices below a crucial support zone. This suggests that bulls still hold sway, pausing briefly before the next surge. The upcoming quarterly close could significantly impact future price action, potentially establishing a strong foundation ahead of Bitcoin's halving event.

Retesting ATH: Parabolic Curve to Price Discovery

BTC is currently retracing around its previous ATH, poised for a breakout. Technically, staying above $69,000 is crucial for Bitcoin to exit the accumulation phase and initiate a fresh rally.

RSI and StochRSI: Bearish Divergence or Insignificant Resistance?

In the short term, BTC is displaying a parabolic curve, targeting the current ATH. While RSI and StochRSI indicate a potential bearish divergence, it may not hinder price reaching new highs.

Will a New ATH Await Before Month's End?

RSI has yet to reach its upper threshold, suggesting that BTC may continue to rise moderately above current levels. By month's end, many expect a new ATH around $75,000, potentially triggering some bearish activity.

Halving Month: Bulls in Control, Bears Held at Bay

Entering the Halving month, buyers remain dominant, potentially preventing bears from pushing prices below the new support zone around $73,500-$74,000. This could spark a fresh bullish move towards new highs, possibly $100K.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Other articles published on Jan 09, 2025