14 days ago
Bitcoin price started a recovery wave above the $80,000 zone. BTC is now rising and might aim for a move above the $84,000 and $85,000 levels. Bitcoin started a decent recovery wave above the $80,000 zone. The price is trading above $82,000 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at $82,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it clears the $84,000 and $85,000 levels. Bitcoin Price Eyes Breakout Bitcoin price remained strong above the $78,000 level. BTC formed a base and recently started a recovery wave above the $80,000 resistance level. The bulls pushed the price above the $82,000 resistance level. The price surpassed the 23.6% Fib retracement level of the downward wave from the $91,060 swing high to the $76,820 low. However, the bears are now active near the $84,000 resistance zone. Bitcoin price is now trading above $82,000 and the 100 hourly Simple moving average . There is also a connecting bullish trend line forming with support at $82,000 on the hourly chart of the BTC/USD pair. On the upside, immediate resistance is near the $84,000 level and the 50% Fib retracement level of the downward wave from the $91,060 swing high to the $76,820 low. The first key resistance is near the $85,000 level. The next key resistance could be $85,650. A close above the $85,650 resistance might send the price further higher. In the stated case, the price could rise and test the $86,500 resistance level. Any more gains might send the price toward the $88,000 level or even $96,200. Another Drop In BTC? If Bitcoin fails to rise above the $84,000 resistance zone, it could start a fresh decline. Immediate support on the downside is near the $82,000 level and the trend line. The first major support is near the $81,200 level. The next support is now near the $80,000 zone. Any more losses might send the price toward the $78,000 support in the near term. The main support sits at $76,500. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $82,000, followed by $81,200. Major Resistance Levels – $84,000 and $85,000.
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Trump Endorses Senator Lummis for Bitcoin Advocacy, Aiming to Make U.S. the Crypto Capital of the World
President Donald Trump has endorsed Senator Cynthia Lummis for her advocacy in the cryptocurrency sector, specifically her efforts to position the United States as the `Crypto Capital of the World.` Lummis, who serves as the Chair of the Senate Banking Subcommittee on Digital Assets, has been recognized for her commitment to advancing Bitcoin and digital assets. Trump praised her as an `America First Warrior` and emphasized their collaboration in promoting a favorable environment for cryptocurrency in the U.S. He stated, `We are working closely to make America the crypto capital of the world,` reflecting a concerted effort to enhance the nation`s standing in the digital currency space. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io NewsBTC
PEPE PRICE ANALYSIS & PREDICTION (March 26) – Pepe Reclaims Monthly High Following a 25% Surge in a Week
Pepe and several top meme coins are painting greens today, posting double-digit gains in the past 24 hours. Following the latest surge, the price appears strong, advancing bullish on the day. The past months have been rough and tough for most meme coins as they dropped heavily to their multi-month lows. This came as a result of wide correction, but they recently found a solid ground. Meanwhile, Pepe mounted support two weeks ago and started to show signs of recovery, although it was less significant due to low volatility. This led to a serious squeeze throughout last week and closed at a loss. However, this week has been interesting for Pepe and other top meme coins as they find their way back into buying mode after struggling with volatility since they rebounded over the past weeks. This bearish break may last long if the bulls show strong commitment in the coming days. Failure to commit strongly might bring an end to the latest surge. This may trigger a new sell order capable of rolling the price back before breaking down the current monthly low. If the bulls defend the monthly low well, we may see a fresh increase with a new bullish pattern. Pepe’s Key Levels To Watch Source: Tradingview The current surge is targeted at the $0.0000108 resistance. If the price increases above this resistance, a higher level to consider for a test would be $0.0000127 and potentially $0.0000148. Resuming the downtrend, the $0.000007 and $0.000006 levels might pose a threat before reclaiming the monthly low of $0.00000522. Losing it could send the price to a low of $0.000004 in the near term. Key Resistance Levels: $0.0000108, $0.0000127, $0.0000148 Key Support Levels: $0.000007, $0.00000522, $0.000004 Spot Price: $0.0000089 Trend: Bullish Volatility: High Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! NewsBTC
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Market Trends Reveal Contradictory Signals in Cryptocurrency
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