BTCUSD Is Poised to Rise Above $28,000 Following a Historical Trend The market appears primed to replicate a historical pattern characterized by significant bullish momentum, observed in November before Bitcoin halving events. Similar occurrences transpired in 2015 and 2019. Presently, on the daily chart, the market is trading slightly above the 75-period Moving Average (MA), […]
BTCUSD Struggles to Rise Beyond $28,000 Bitcoin (BTCUSD) is struggling against a formidable challenge in surmounting the $28,000 resistance threshold. Bitcoin has recently achieved a degree of liberation by breaching the longstanding descending trendline that had constrained it for an extended period. It aims to navigate multiple resistance levels to reclaim its previous pinnacle. BTC/USD […]
BTCUSD Is Trying to Surpass the $28,000 Resistance BTCUSD tries to surpass the $28,000 resistance level after it frees itself from the limitations of its descending trendline. For almost three months, the cryptocurrency has been stopped from rising beyond its descending trendline. This changed in late September as the buyers capitalized on the confluence with […]
Bitcoin (BTC) skyrocketed above the $28,000 mark early Monday, marking a significant bullish move and achieving its peak in over one month. Analysts are notably optimistic, attributing this surge to the prevailing ETF optimism and favorable seasonality factors. According to CoinDesk, traders at the Japanese exchange Bitbank had been eyeing the $28,000 level, anticipating bullish […]
BTCUSD Leaps Up from Its Descending Trendline BTCUSD leaps up from the $26,300 support level as bulls gain hold of the market. The coin has had a hard time overcoming the bearish trendline. This battle lasted over two months when the price was forced to descend under its influence. Nevertheless, the latest encounter with the […]
BTCUSD Is Struggling to Bypass Its Descending Trendline BTCUSD is struggling to overcome the descending trendline that has capped its market since mid-July. Every attempt to bypass this line has been met with resistance each time. This happened a couple of times in August. BTCUSD Key Levels Supply Levels: $30,000, $28,000, $26,300 Demand Levels: $25,250 […]
The Shanghai Court’s ruling boosts Bitcoin’s bullish prospects. Justin Sun recently revealed a significant development for Bitcoin, highlighting its bullish potential. As per Justin Sun, the Shanghai No. 2 Intermediate People’s Court officially acknowledges Bitcoin as an exceptional digital currency, distinct from virtual coins like Q coins, due to its scarcity and inherent value. The […]
