Bitcoin Surpasses $90,900, Dogecoin Shows Significant Recovery
- Bitcoin Breakthrough: Bitcoin has surpassed $90,900, and if it maintains this level by the end of the day, it could catalyze further gains over the weekend, reflecting strong market confidence in cryptocurrencies.
- Dogecoin Recovery: After an 80-day decline, Dogecoin is stabilizing at $0.1168, with prospects of reaching $0.14 over the weekend, indicating an improvement in market sentiment.
- Altcoin Revival: Following a prolonged downturn of 390 days, Cardano and Shiba Inu are beginning to recover, with ADA currently hovering around $0.3757, and a rally towards $0.456 could further boost market confidence.
- Market Sentiment Impact: Bitcoin's stability is seen as a critical factor influencing the performance of other altcoins, with market observers closely monitoring these dynamic shifts to capture potential investment opportunities.
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Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC) As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 36100.923 | 48050.461 | 60370.943 | 72320.481 | 84640.963 | 96590.501 | 108910.983 |
| Fibonacci | 48050.461 | 57321.609 | 63049.334 | 72320.481 | 81591.629 | 87319.354 | 96590.501 |
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