As Bitcoin and other top cryptocurrencies has started to recover as Bitcoin went from hitting a new all time high at around $69,000 just 2 weeks ago to hitting as low as $53,270 on Binance with ethereum price hitting approximately $4850 (all time high) to around $3916 on Binance.
While PlanB november $98,000 prediction got missed by approximately $40,000. However, there was alot of expectations regarding bitcoin going to $82,000 to $98,000 which does not means Bitcoin Looks Bearish on the charts.
Actually, as per our analysis including technical analysis and fundamentals, To reach $64,000 again, Bitcoin price needs to break above $58,500 resistance as shown in below chart
As you can see in the chart above, Bitcoin price is getting rejected by $58,500 resistance (so far) for the 3rd time now. This resistance is mainly by 100-Day Moving average which is one of the critical factors for long term perspective.
The current bitcoin Resistances are $58,500 , $61,000 with current major support levels are at $53,500 – $53,000 , $51,000 – $50,000.
Bitcoin Fear and greed index is currently at 40 level which usually indicates bitcoin price should bounce back from here to around $64,000 level.
- Binance Labs launched COL Labs But it’s not for the average crypto GuyBinance Labs has recently launched ColLabs, an invite-only Web3 investment and financing community for founders and investors. Users have the ability to access Binance Labs’ portfolio companies and opportunities for sourcing deals. COL Labs Offerings and Eligibility Criteria it is a portfolio firm of Binance Labs, ColLabs may serve as your platform for collaborative production. … Read more
- is DigiToads Token a Scam? DigiToads Token Detailed Analysis. Things to Know Before Investing in Digitoads.Today, in this article we are going to review the DigiToads Project which has been Promoted all Over Crypto Media Websites. So, We will See if DigiToads Have any Red Flags Before You Put your money into this cryptocurrency. So, What is DigiToads? DigiToads is just another mundane web3 platform that offers nothing but a … Read more
- $PEPE Coin Investor Made $16.5 million with only $230, holds 6.9% of total supply.At the moment, dimethyltryptamine.eth the address that made the initial purchase of 0.125 ETH on the first day, is in profit of more than 6 million US dollars, and there is still PEPE in the account with a value of more than 9.7 million US dollars. dimethyltryptamine.eth also owns a sizeable supply of Milady and … Read more
- Crypto Today : Luna Founder Do kwon to Face 40 Years in Jail | $PEPE Breaks 1 billion market CapProsecutors from South Korea and the United States are competing to extradite Mr. Kwon from Montenegro. The maximum prison term ever imposed for a financial crime in South Korean history would be more than 40 years if Do Kwon were proven guilty. It’s probable that South Korea will be successful in getting the extradition. as … Read more
- Filecoin launches FWS Alternative to Amazon Web Services. Will Filecoin Price Reach New Highs If Adoption Catches onFilecoin is a decentralized storage system, a peer-to-peer storage network where users pay for data storage and distribution services in $FIL. Filecoin is open-source and decentralized, with a blockchain that records commitments made by the network’s participants, and transactions made using FIL, the blockchain’s native currency.On the Filecoin platform, developers have the opportunity to create … Read more
