3 hours ago
Bitcoin price is attempting a recovery wave above the $98,000 zone. BTC is rising and now struggles to settle above the $100,000 zone. Bitcoin started a recovery wave above the $98,000 zone. The price is trading above $98,500 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at $98,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it stays above the $95,000 support zone. Bitcoin Price Tests Hurdles At $100K Bitcoin price started a short-term recovery wave above the $95,000 zone. BTC was able to climb above the $96,500 and $97,200 levels. The bulls were able to push the price above the key barrier at $98,000. The price even cleared $98,800. A high was formed at $100,731 and the price is now consolidating gains and is well above the 23.6% Fib retracement level of the upward move from the $89,114 swing low to the $100,731 high. There is also a connecting bullish trend line forming with support at $98,000 on the hourly chart of the BTC/USD pair. Bitcoin price is now trading above $98,800 and the 100 hourly Simple moving average . On the upside, immediate resistance is near the $100,000 level. The first key resistance is near the $100,500 level. A clear move above the $100,500 resistance might send the price higher. The next key resistance could be $104,000. A close above the $104,000 resistance might send the price further higher. In the stated case, the price could rise and test the $106,000 resistance level. Any more gains might send the price toward the $108,500 level. Downside Correction In BTC? If Bitcoin fails to rise above the $100,000 resistance zone, it could start a fresh decline. Immediate support on the downside is near the $98,000 level and the trend line. The first major support is near the $97,350 level. The next support is now near the $95,000 zone or the 50% Fib retracement level of the upward move from the $89,114 swing low to the $100,731 high. Any more losses might send the price toward the $93,200 support in the near term. 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 – $98,000, followed by $97,350. Major Resistance Levels – $100,000 and $100,500.
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XRP Lawsuit: Ripple CLO Says SEC’s ‘Rehashed’ Appeal Will be Abandoned Under Atkins
The post XRP Lawsuit: Ripple CLO Says SEC’s ‘Rehashed’ Appeal Will be Abandoned Under Atkins appeared first on Coinpedia Fintech News The SEC has filed an opening brief in its appeal to the US Court of Appeals for the 2nd Circuit, seeking to overturn a previous court decision that ruled XRP was not a security when sold to retail investors. The SEC aims to classify all XRP sales as unregistered securities offerings. Reacting to the news, Ripple CLO Stuart Alderoty took to X (formerly Twitter) and wrote, “As expected, the SEC’s appeal brief is a rehash of already failed arguments –and likely to be abandoned by the next administration. We’ll respond formally in due time. For now, know this: the SEC’s lawsuit is just noise. A new era of pro-innovation regulation is coming, and Ripple is thriving.” Ripple CEO Brad Garlinghouse also expressed disappointment and said, “One definition of insanity….Doing the same thing over and over and expecting different results. Gensler’s SEC really took this to heart.” XRP Price Touches $3: Despite the legal chaos, Ripple’s XRP saw a 14% increase, reaching a yearly high above $3 on Wednesday morning, showing renewed investor interest. XRP, along with Dogecoin, is leading the gains in the cryptocurrency market, outperforming Bitcoin. Bitcoin has touched $100,000 once more and is currently trading just above that level. Ethereum is also on the move, surpassing $3,400. But the biggest story of the day is XRP, which surged to $3.15, up by nearly 31% in the past seven days. XRP’s chart is looking strong, with analysts predicting possible future price gains. Some analysts believe XRP could reach $4 or even higher, thanks to a long period of accumulation. The market might experience some more choppy action before a breakout. With rumors surrounding Trump’s inauguration and its potential impact on the crypto market, there could be a “sell the news” event. NewsBTC
Hindenburg Research Shuts Down After Completing Final Cases
Hindenburg Research, the investigative firm founded in 2017 by Nate Anderson, has announced its closure. The decision, effective immediately, comes after the firm completed its final pipeline of cases. Anderson clarified that the shutdown is not due to personal or health issues but reflects his desire to prioritize other aspects of life. A Chapter Closes … Continue reading "Hindenburg Research Shuts Down After Completing Final Cases" The post Hindenburg Research Shuts Down After Completing Final Cases appeared first on Cryptoknowmics-Crypto News and Media Platform . NewsBTC
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Solana (SOL) Back Above $200: Will It Hold or Fade?
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