• Home
  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • More
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Book
    • Bitcoin Miner
    • Bitcoin Standard
    • Bitcoin Miner Machine
    • Bitcoin Merch
    • Bitcoin Wallet
    • Bitcoin Shirt
No Result
View All Result
Card Bitcoin
Shop
Card Bitcoin
No Result
View All Result
Home Bitcoin

Bitcoin Must Hold This Support Level To Retain $100,000 Dream

n70products by n70products
November 19, 2024
in Bitcoin
0
Bitcoin Must Hold This Support Level To Retain $100,000 Dream
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


Bitcoin continues to report vital worth leaps following a 19.28% acquire prior to now seven days. The premier cryptocurrency is replicating one other bullish This fall notably boosted by a number of components because it regularly approaches the $100,000 worth goal. Nonetheless, crypto analyst Ali Martinez has revealed a significant situation for the market bulls to maintain the present momentum.

Why $91,900 Is Essential To Bitcoin

Donald Trump’s electoral victory coupled with current Federal Reserve fee cuts have spurred Bitcoin to a number of all-time highs over the past two weeks. On Thursday, the crypto market chief hit a new peak of $93,434 and has since retraced by 2.25% to stay in consolidation above $91,000. 

Commenting on Bitcoin’s future worth motion, Ali Martinez shared that the TD Sequential, a buying and selling indicator for figuring out development exhaustion and market reversals, had lately flashed a promote sign indicating that BTC could also be due for some vital worth recorrection.

Nonetheless, the analyst explains the main cryptocurrency can keep away from such a downturn if the market bulls guarantee a every day shut above $91,900. Martinez states that holding this worth degree would enable Bitcoin to keep up its present trajectory and probably climb to $100,680.

 

Bitcoin
Supply: ali_charts on X

Bitcoin To Fall Or Not? 

Martinez’s predictions counter wider beliefs that the premier cryptocurrency is ready for a re-correction following a chronic worth rally that has lasted since early October. 

In a separate post on X, the analyst notes the Bitcoin Lengthy/Brief ratio at the moment stands at 0.79 with 55.94% of merchants opening brief positions in anticipation of a worth fall. Bitcoin’s relative energy index additionally stays above 70, signaling it’s within the overbought zone and is due for a worth reversal. Nonetheless, the asset’s worth can also be nicely above its 20-SMA displaying potential for a development continuation. 

Furthermore, the upcoming return of Trump to the White Home which is predicted to usher in new pro-crypto appointments when it comes to businesses equivalent to SEC and CFTC additionally continues to spur traders who will now anticipate a much less regulatory hostile regime. This issue, mixed with the continued spectacular efficiency of the Bitcoin spot ETFs which have now gathered whole inflows of $6.18 billion in This fall 2024. Due to this fact, the premier cryptocurrency could stay but resilient reaching one other all-time excessive very quickly.

On the time of writing, Bitcoin trades at $91,166 reflecting a 2.10% prior to now day. In the meantime, the asset’s buying and selling quantity is down by 18.88% and valued at $68.54 billion.

Bitcoin
BTC buying and selling at $91,072 on the every day chart | Supply: BTCUSDT chart on Tradingview.com

Featured picture from Medium, chart from Tradingview



Source link

Tags: BitcoinDreamHoldLevelRetainSupport
Previous Post

Analyst Says XRP’s 11-Year SuperCycle Is Coming To An End, Why A Surge To $3.4 Is Imminent

Next Post

Donald Trump’s social media group in talks to buy crypto trading venue

Next Post
Donald Trump’s social media group in talks to buy crypto trading venue

Donald Trump’s social media group in talks to buy crypto trading venue

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Product categories

  • Bitcoin Book
  • Bitcoin Coin
  • Bitcoin Hat
  • Bitcoin Merch
  • Bitcoin Miner
  • Bitcoin Miner Machine
  • Bitcoin Shirt
  • Bitcoin Standard
  • Bitcoin Wallet
  • Products
  • Uncategorized

Related News

US Foundations and Universities Begin Accumulating Bitcoin Amid President Trump’s Crypto Promises: Report

US Foundations and Universities Begin Accumulating Bitcoin Amid President Trump’s Crypto Promises: Report

February 11, 2025
U.S. SEC Settles With Solana-Based DEX Mango Markets for Nearly $700,000 Over Alleged Securities Violations

U.S. SEC Settles With Solana-Based DEX Mango Markets for Nearly $700,000 Over Alleged Securities Violations

September 28, 2024
North Korea Deploying ‘Highly Tailored, Difficult-To-Detect’ Tactics To Steal Crypto From Businesses: FBI

North Korea Deploying ‘Highly Tailored, Difficult-To-Detect’ Tactics To Steal Crypto From Businesses: FBI

September 5, 2024

Recents

US Authorities Charge Six Individuals in Connection to Alleged $66,000,000 Food Stamp Fraud Scheme

US Authorities Charge Six Individuals in Connection to Alleged $66,000,000 Food Stamp Fraud Scheme

June 1, 2025
XRP Set For Price Relief, But Only If Bulls Defend Key $2.13 Price Level

XRP Set For Price Relief, But Only If Bulls Defend Key $2.13 Price Level

June 1, 2025
Ethereum Bulls Defend Support – Key Indicator Hints At Short-Term Rally

Ethereum Bulls Defend Support – Key Indicator Hints At Short-Term Rally

May 31, 2025

CATEGORIES

  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • NFTs
  • Regulations
  • XRP

BROWSE BY TAG

Altcoin ALTCOINS Analyst Binance Bitcoin Bitcoins Blog Breakout BTC Bullish Bulls Coinbase Crash Crypto DOGE Dogecoin ETF ETH Ethereum Foundation Heres high hits Key Level Major Market Memecoin Move Outlook Predicts Price Rally Report SEC Solana Support Surge Target Top Trader Trump Updates Whales XRP

© 2024 Card Bitcoin | All Rights Reserved

No Result
View All Result
  • Home
  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • More
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Book
    • Bitcoin Miner
    • Bitcoin Standard
    • Bitcoin Miner Machine
    • Bitcoin Merch
    • Bitcoin Wallet
    • Bitcoin Shirt

© 2024 Card Bitcoin | All Rights Reserved

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
Go to mobile version