Bitcoin Revival Continues, Will BTC Steady Above $20k?
Bitcoin is bullish at spot rates, firm and could break higher. However, for the uptrend to be valid, BTC must hold above $20k.
Crypto Economy section, we will publish every week the technical price analysis of Bitcoin [BTC], Ethereum [ETH], Ripple [XRP] and other cryptocurrencies.
These analyzes are prepared by our specialists based on the evolution of the markets.
A technical price analysis provides excellent and useful information that can help us know when is the best time to make movements in our investments or when it is not a good time to operate.
But we must not only take this information into account, the monitoring of the prices of a cryptocurrency must be accompanied by an investigation into the latest news related to it.
So we can get an idea about whether the price increase or decrease has occurred due to an event related to the project or if it could be a market manipulation, etc.
Bitcoin is bullish at spot rates, firm and could break higher. However, for the uptrend to be valid, BTC must hold above $20k.
Ethereum is solid at spot rates. However, a definitive close above $1.7k and November highs is critical for optimistic buyers.
Litecoin prices are up 40 percent from December lows, rising in sync with the broader crypto markets. LTC buyers are upbeat, targeting $100.
Bitcoin is up 21 percent and trending above $18.5k resistance line as BTC revival continues on falling inflation.
Ethereum is firm, adding 10 percent in the last trading week. As it is, buyers are setting sights at $1.7k but first need to break $1.35k
BNB prices are up 26 percent from December 2022 lows, surging above previous resistance line at $250. Buyers appear determined.
Bitcoin prices are up eight percent from November low. However, traders are watching if bulls will sustain the upside momentum.
Ethereum is up 17 percent at press time, surging from November 2022 lows. At this pace, buyers must clear $1.25k for uptrend continuation.
Chainlink is under pressure, dropping 82 percent in 2022 and 40 percent in two months from November. At spot rates, LINK has support at $5.
Bitcoin traders may be bullish but the odds of BTC slipping below $15.5k has been amplified following recent developments.
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