6 hours ago
Bitcoin price extended losses and traded below the $93,500 zone. BTC is correcting gains and might struggle to recover above the $95,000 level. Bitcoin started a fresh decline from the $95,500 resistance zone. The price is trading below $95,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $93,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it stays above the $91,200 support zone. Bitcoin Price Turns Red Below $95K Bitcoin price failed to start a recovery wave above the $95,500 resistance . BTC remained in a short-term bearish zone and extended losses below the $93,500 level. There was a clear move below the $92,000 support zone. The price even traded below $91,200. A low was formed at $91,168 and the price is now consolidating losses below the 23.6% Fib retracement level of the recent decline from the $102,761 swing high to the $91,168 low. Bitcoin price is now trading below $95,000 and the 100 hourly Simple moving average . On the upside, immediate resistance is near the $93,500 level. There is also a connecting bearish trend line forming with resistance at $93,500 on the hourly chart of the BTC/USD pair. The first key resistance is near the $95,000 level. A clear move above the $95,000 resistance might send the price higher. The next key resistance could be $97,000 or the 50% Fib retracement level of the recent decline from the $102,761 swing high to the $91,168 low. A close above the $97,000 resistance might send the price further higher. In the stated case, the price could rise and test the $98,000 resistance level. Any more gains might send the price toward the $98,800 level. Another Drop In BTC? If Bitcoin fails to rise above the $95,000 resistance zone, it could start a fresh decline. Immediate support on the downside is near the $92,500 level. The first major support is near the $92,000 level. The next support is now near the $91,200 zone. Any more losses might send the price toward the $90,000 support in the near term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $92,500, followed by $91,200. Major Resistance Levels – $93,500 and $95,000.
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Analyzing BNB’s Price Movements: Key Support Levels and Market Dynamics Ahead
Binance Coin (BNB) is currently at a crucial crossroads, influenced by market corrections and Fibonacci analysis, with traders closely watching key price levels for potential outcomes. The recent fluctuations in NewsBTC
Crypto Arena Shocker: New Presale Coin Set To Surpass DOGE and SHIB With 5x Growth Potential
The post Crypto Arena Shocker: New Presale Coin Set To Surpass DOGE and SHIB With 5x Growth Potential appeared first on Coinpedia Fintech News Right now, Dogecoin (DOGE) and Shiba Inu (SHIB) are meme coins facing some volatility, with red price charts everywhere. However, market experts like Wizz and Alek are still bullish, as they made some bold price predictions for them. Nevertheless, DTX Exchange (DTX) , a new player in the game, is swiftly taking over the crypto market. This token is now in phase seven of its presale and has rewarded early investors with a 600% return. Moreover, its recently launched hybrid trading platform has already onboarded over 300K users. This level of interest is rare in the crypto sphere. Therefore, some analysts hint that DTX could be the next 5x crypto coin in 2025. DTX Exchange (DTX) Stuns Early Buyers With a 600% Surge As Dogecoin (DOGE) and Shiba Inu (SHIB) are experiencing price dips, DTX Exchange (DTX) is showing bullish momentum. Many traders are rushing to its crypto ICO event, which has been on fire lately. Notably, early investors in DTX Exchange are already 600% richer. Recently, DTX Exchange made headlines by launching its hybrid trading platform, which combines the best of CEX and DEX. On it, people will get access to over 120K asset classes at up to 1000x leverage. These will include CFDs, crypto coins, stocks, etc. Furthermore, no sign-up KYC checks will be needed, meaning traders will always remain anonymous. This launch was preceded by the CoinMarketCap listing of its native token, DTX, which could bring millions of new eyes to this presale. Currently, this crypto coin costs only $0.14 in phase seven of its presale, but its value will rise to $0.16 after phase eight begins. Additionally, traders are waiting for a top-tier crypto exchange to list DTX, triggering a rally to $0.20. Wizz: The Price of Dogecoin (DOGE) Will Reach $1 Dogecoin (DOGE) is the most well-known name in the meme coin market. However, it has seen some turbulence recently. According to CoinMarketCap, its value has dropped nearly 20% in the past month alone. During that time, the Dogecoin price moved between $0.40 and almost $0.30. Nevertheless, crypto analyst Wizz remains optimistic about Dogecoin (DOGE). He criticized those who did not hold this meme coin in his X post. As a Dogecoin price prediction, Wizz foresees a potential pump to $1 soon. But, the high Dogecoin market cap of around $49B could be a problem for its long-term growth. In other words, this meme coin will need a lot of new money for its price to see a noteworthy jump. Because of this, many investors are gravitating to tokens like DTX instead. Shiba Inu (SHIB) Price Looks Ready To Go Past Resistance, Analyst Claims Shiba Inu (SHIB) is another meme coin showing some bearish movement. On the one-month chart, its value fell from around $0.000027 to nearly $0.000021. In other words, as per CoinMarketCap, the Shiba Inu price dropped over 20% in just a few weeks. But the crypto community is still keeping an eye on Shiba Inu (SHIB) following market expert Alek’s statement. According to his X post, this meme coin has set a cup and handle pattern that could lead to price growth. He predicts a jump to $0.000080 in his Shiba Inu price prediction. Although the Shiba Inu coin may see a price increase soon, some traders are still cautious. Since SHIB has already surged over 120% on the YTD chart, its highest upswings may have passed. As a result, traders choose to focus on DTX more. Can DTX Exchange (DTX) Gain the Upper Hand Over Dogecoin (DOGE) & Shiba Inu (SHIB)? Although Dogecoin (DOGE) and Shiba Inu (SHIB) could see big price gains soon, their lack of utility as meme coins could hinder their long-term growth potential. Meanwhile, DTX Exchange (DTX) is a utility token that will give traders governance voting rights and a portion of the trading fee revenue made on this platform. Therefore, adoption may increase faster. Because of this, experts forecast a potential 5x surge for DTX this year. Find out more information about DTX Exchange (DTX) by visiting the links below: Buy Presale Visit DTX Website Join The DTX Community NewsBTC
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