Bitcoin’s range break above the $70,000 level boosted altcoin prices and hints at the possibility of a new BTC all-time high.) is approaching the event with strength. This shows that the sentiment remains positive, and traders are buying on dips. CoinShares data shows digital investment products sawOn-chain analytics firm Santiment said in a X post that inflows into spot Bitcoin exchange-traded funds are likely to.
A break and close above 105 clears the path for a potential rally to 106 and then 107. On the contrary, a drop below the 50-day SMA could sink the index to 103 and subsequently to 102.The BTC/USDT pair is likely to retest the all-time high of $73,777. This level may act as a significant barrier, but if the bulls overcome it, the pair could start the next leg of the uptrend toward the pattern target of $84,000.
On the contrary, if the price turns down from the downtrend line, it will suggest that the pair may remain inside the triangle for a few more days. The bears will be in a commanding position if the price plunges below the triangle.If the price turns down from the current level, the SOL/USDT pair could drop to the critical support at $162. The bulls are expected to vigorously protect this level because failing to do that could open the gates for a fall to $126.
On the contrary, if the price slips back below the 20-day EMA, it will suggest that bears remain active at higher levels. That will increase the likelihood of a drop to the 50-day SMA .If the price turns down from the 20-day EMA, it will signal that the bears are in command. The sellers will try to sink the price below $0.57. If they manage to do that, the ADA/USDT pair will complete a bearish head-and-shoulders pattern. That could start a downward move toward the next major support at $0.46.
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