Bitcoin has once again faced challenges in breaking through the $61,500 resistance zone, resulting in a fresh decline towards the $58,000 support level. This recent struggle highlights the volatility and unpredictability of the cryptocurrency market. Analyzing the hourly chart of the BTC/USD pair from Kraken, it is evident that Bitcoin failed to settle above the
Analysis
Aayush Jindal is a master of financial markets, with over 15 years of experience in Forex and cryptocurrency trading. Known for his exceptional technical analysis skills, Aayush serves as a trusted advisor and senior market expert to investors globally. From a young age, Aayush demonstrated a knack for understanding complex systems and patterns, setting him
Growing up in Edo State, Nigeria, alongside my three siblings has been instrumental in shaping my character and worldview. My parents, who have been my unwavering rock throughout my life, have instilled in me values of perseverance and resilience. Their unwavering support in both good and bad times has provided me with a sense of
Ethereum has shown a steady increase in price, surpassing the $2,650 resistance level. This uptrend in ETH has outperformed Bitcoin, indicating a strong bullish sentiment in the market. The price movement suggests a potential rally towards the $3,000 resistance zone in the near future. Upon analyzing the hourly chart of ETH/USD, it is evident that
Bitcoin has been on a rollercoaster ride lately, especially when it comes to its price action. After recovering above the $60,000 resistance zone, BTC is now facing a major hurdle in clearing the $61,200 and $61,500 resistance levels. The struggle is real, and it remains to be seen whether the bulls or bears will emerge
The XRP price has caught the attention of a crypto analyst who is predicting a potential rally of up to 10,400%. This analyst, named Brett Hill, has shared an optimistic outlook for the native token of the XRP Ledger (XRPL), setting a price target of $60. In a recent post on social media, Hill expressed
As Bitcoin price continues on its volatile path, it has managed to stay above the $57,650 support zone. The recent trend indicates a potential rise in price, with a possible move above the $60,000 resistance zone. The recovery wave has seen the price trading below $60,000 and the 100 hourly Simple Moving Average. Despite these
Aayush Jindal has made a name for himself in the financial markets with over 15 years of experience in Forex and cryptocurrency trading. His journey to becoming a trusted advisor and senior market expert began at a young age, where he displayed a natural talent for deciphering complex systems and patterns. Through his insatiable curiosity
Ethereum has recently experienced a steady increase in price, surpassing the $2,550 resistance level. This surge in price has positioned ETH ahead of Bitcoin and has the potential to clear the $2,750 resistance zone. The price is currently trading above $2,650 and the 100-hourly Simple Moving Average, indicating a positive trend. A connecting bullish trend
Bitcoin price faced a downside correction after failing to sustain above the $62,500 mark. The cryptocurrency moved below the $61,500 and $60,000 levels, entering a short-term bearish zone. There was also a break below a crucial bullish trend line with support at $61,000 on the hourly chart of the BTC/USD pair. The price is currently