Price analysis 1/24: BTC, ETH, BNB, ADA, SOL, XRP, LUNA, DOGE, DOT, AVAX
Bitcoin and most altcoins have fallen to key support levels, but the current trading setup suggests traders lack the confidence to chase after an oversold bounce.
Auto Added by WPeMatico
Bitcoin and most altcoins have fallen to key support levels, but the current trading setup suggests traders lack the confidence to chase after an oversold bounce.
BTC is oversold and possibly ready for a relief bounce, but this could be a trap for altcoins and Bitcoin if bull volume fails to sustain.
Bitcoin and most major altcoins are close to breaking below critical support levels and traders’ reluctance to buy in the current range could exacerbate the sell-off.
Prices of $42,000 per Bitcoin were more than enough ammunition for well-known Bitcoin bears to reload.
Bitcoin and most major altcoins are facing selling at higher levels and buying on dips, signaling a consolidation in the short term.
Bitcoin and most major altcoins have risen from their respective support levels, indicating an improving sentiment.
Key Support level: $0.000030; $0.000034 Key Resistance level: : $0.000038; $0.000047 SHIB has managed to exit the downtrend, and the price is currently moving sideways. The resistance at $0.000038 has…
If Bitcoin rises from the current level, it could boost the price of MATC, NEAR, ATOM, and HNT in the short term.
SOL is heading towards the $200 key resistance level. A successful breakout, and retest as support, might likely lead the Solana native cryptocurrency for another shot for its next major…
Bitcoin and most major altcoins have broken above their immediate resistance levels, increasing the possibility of a short-term rally.