3 hours ago
Bitcoin price is moving higher above the $93,200 zone. BTC is consolidating gains and might continue higher above the $94,000 zone in the near term. Bitcoin started a decent upward move above the $91,500 and $92,500 levels. The price is trading above $91,500 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at $92,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it clears the $94,650 zone. Bitcoin Price Consolidates Gains Bitcoin price remained stable above the $88,000 level and started a fresh increase . BTC was able to climb above the $90,000 and $91,500 resistance levels. The bulls were able to pump the price above the $92,500 resistance. It even spiked and tested the $94,650 resistance zone. A high was formed near $94,635 and the price recently consolidated gains. There was a minor decline below the 23.6% Fib retracement level of the upward move from the $86,400 swing low to the $94,635 high. Bitcoin price is now trading above $92,500 and the 100 hourly Simple moving average . There is also a connecting bullish trend line forming with support at $92,000 on the hourly chart of the BTC/USD pair. On the upside, immediate resistance is near the $94,000 level. The first key resistance is near the $94,200 level. The next key resistance could be $94,650. A close above the $94,650 resistance might send the price further higher. In the stated case, the price could rise and test the $95,500 resistance level. Any more gains might send the price toward the $96,200 level. Downside Correction In BTC? If Bitcoin fails to rise above the $94,000 resistance zone, it could start a downside correction. Immediate support on the downside is near the $93,000 level. The first major support is near the $92,000 level and the trend line. The next support is now near the $90,500 zone, the trend line, and the 50% Fib retracement level of the upward move from the $86,400 swing low to the $94,635 high. Any more losses might send the price toward the $90,000 support in the near term. The main support sits at $88,800. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $93,000, followed by $92,000. Major Resistance Levels – $94,000 and $94,650.
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Dogecoin (DOGE) Pulls Back — Is A Bounce from $0.1650 Support on the Horizon?
Dogecoin started a fresh increase above the $0.1700 zone against the US Dollar. DOGE is now correcting gains and might find bids near the $0.1650 zone. DOGE price started a decent upward move above the $0.1700 level. The price is trading above the $0.1650 level and the 100-hourly simple moving average. There was a break below a key bullish trend line with support at $0.1760 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could start a fresh increase if it clears the $0.1800 resistance zone. Dogecoin Price Corrects Gains Dogecoin price started a fresh increase above the $0.1650 resistance , like Bitcoin and Ethereum . DOGE climbed above the $0.1700 and $0.1800 resistance levels before the bears appeared. A high was formed at $0.1852 and the price started a downside correction. There was a move below the $0.180 and $0.1750 levels. The price dipped below the 23.6% Fib retracement level of the upward move from the $0.1558 swing low to the $0.1852 high. There was also a break below a key bullish trend line with support at $0.1760 on the hourly chart of the DOGE/USD pair. Dogecoin price is now trading above the $0.170 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.1780 level. The first major resistance for the bulls could be near the $0.180 level. The next major resistance is near the $0.1850 level. A close above the $0.1850 resistance might send the price toward the $0.1920 resistance. Any more gains might send the price toward the $0.1980 level. The next major stop for the bulls might be $0.200. Another Decline In DOGE? If DOGE’s price fails to climb above the $0.180 level, it could start another decline. Initial support on the downside is near the $0.1720 level. The next major support is near the $0.1705 level and the 50% Fib retracement level of the upward move from the $0.1558 swing low to the $0.1852 high. The main support sits at $0.1650. If there is a downside break below the $0.1650 support, the price could decline further. In the stated case, the price might decline toward the $0.1550 level or even $0.1450 in the near term. Technical Indicators Hourly MACD – The MACD for DOGE/USD is now losing momentum in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now below the 50 level. Major Support Levels – $0.1705 and $0.1650. Major Resistance Levels – $0.1800 and $0.1850. NewsBTC
Tesla’s Strategic Shift: Musk Reduces DOGE Focus While Maintaining Bitcoin Holdings Amid Sales Challenges
Elon Musk realigns his focus on Tesla as cryptocurrency holdings remain steady amidst economic challenges. Musk to reduce DOGE role and refocus on Tesla amid falling sales and protests. Tesla NewsBTC
