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This week’s market correction has seen Bitcoin (BTC), the largest cryptocurrency by market capitalization, retest some of its key support levels. As the price starts to recover from the recent lows, some analysts consider the weekend might bring some bullish relief for investors. Related Reading: Ethereum Drop Coming? ETH Risks Fall To $2,180 If This Support Fails – Analyst Bitcoin Recovers From $78,000 Drop Bitcoin has experienced significant selling pressure over the last week, fueling doubts about a potential market top. The flagship crypto has dropped 21% from last week’s high of $99,000, dipping below the $80,000 level for the first time since November. The correction also saw BTC drop nearly 30% from its January all-time high (ATH) and trade below its post-US election price range. A week after the market bleeding started, Bitcoin hit a new three-month low, retesting the $78,000 support on Friday morning. Various market watchers noted that BTC’s most recent decline reached and partially filled its November 2024 CME Gap between $78,000 and $80,700. Rekt Capital pointed out that Bitcoin is experiencing a “strong rebound against the partially filled CME Gap and is doing so on above-average seller volume.” The flagship crypto has surged around 7% from today’s lows, hovering between the $83,000 and $84,000 support zone for the past few hours. To the analyst, the CME Gap support and sell-side volume will be two key indicators to pay attention to over the weekend as constant, uninterrupted BTC sell-side pressure is unsustainable, and seller exhaustion potentially accelerates in the next few days. Bitcoin is finally starting to experience above-average seller volume. There’s still scope for more seller volume to come in, but the chances of Seller Exhaustion occurring are increasing. And Seller Exhaustion tends to precede price reversals. Is A Weekend Rebound Coming? Crypto analyst Jelle highlighted that Bitcoin has done “three drives in deeply oversold territory” this week and is retesting the local lows before today’s drop, which suggests that a “weekend relief seems likely.” The analyst stated that reclaiming the $84,500 support is key for BTC’s recovery as “the past two retests ended up resulting in new lows.” Nonetheless, he noted that today’s rebound seems different due to BTC “touching the 200-ema cluster” for the first time this week and breaking above it. To Jelle, this could signal an “interesting weekend,” with the new CME Gap at $93,000 open. Rekt Capital pointed out that Bitcoin “has filled every CME Gap that has formed since mid-March 2024” and that only the newly formed CME Gap between $92,800 and $94,000 remains open after this retrace. If BTC continues this pattern, the price could see a rebound to fill the new gap soon. Related Reading: Memecoin Scam Alert: Pump.Fun X Account Hacked, Promotes Fake PUMP Token The analyst has outlined two potential scenarios for BTC’s current “downside deviation.” According to the post, Bitcoin’s price could revisit $93,500 by the end of the week if the deviation “is to end up as a downside wick.” Meanwhile, if the deviation is “to end up as the Post-Halving deviation featuring Weekly Candle Closes below the Re-Accumulation range,” BTC’s price could revisit the $93,500 level in the next two to three weeks as “part of a post-breakdown relief rally.” As of this writing, Bitcoin trades at $85,120, a 0.5% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
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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.
Pepe Coin (PEPE) Nears Breakout, But Can It Repeat Its 26,000% Rally? This $0.20 Token Looks Like a Stronger Bet
The post Pepe Coin (PEPE) Nears Breakout, But Can It Repeat Its 26,000% Rally? This $0.20 Token Looks Like a Stronger Bet appeared first on Coinpedia Fintech News Rexas Finance (RXS) is attracting major attention as it nears the final stages of its presale, raising over $44.5 million. Meanwhile, Pepe Coin (PEPE) is approaching a crucial resistance level, sparking speculation on whether it can replicate its past gains. While PEPE faces uncertainty, RXS stands out with a strong ecosystem, making it a compelling alternative for investors. Rexas Finance Revolutionizes Real-World Asset Tokenization Rexas Finance is reshaping crypto by tokenizing illiquid assets, including real estate, luxury goods, and fine art. This approach makes high-value investments more accessible, ensuring broader financial participation. Unlike speculation-driven altcoins, RXS offers tangible utility, positioning itself as a leader in blockchain-powered finance. Currently in its 12th stage of presale at $0.20 RXS is all set for its official launch on June 19th, 2025 at $0.25 which is an 8x surge from the initial price of 0.03. The Rexas Token Builder simplifies token creation by allowing users to launch assets without coding expertise. Additionally, the QuickMint Bot integrates with Telegram and Discord, making instant tokenization seamless. These tools make RXS an essential platform for businesses and startups looking to enter the crypto market efficiently. Security remains a priority, with a CertiK audit confirmation of Rexas Finance’s adherence to high standards. Investors benefit from increased confidence as the platform integrates AI-driven tools for market analysis and cybersecurity. With its listing on CoinMarketCap and CoinGecko, RXS strengthens its credibility among global investors. Pepe Coin Faces Key Resistance and Market Uncertainty Pepe Coin is trading at $0.00001044 after a 9.43% increase in the current session. To maintain bullish momentum, the token must break the $0.0000117 resistance level. If successful, PEPE could see a 50% rally toward $0.00001785. However, failure to hold its position could lead to a steep decline, potentially dropping to $0.00000688. The composite volume profile indicates heavy accumulation, making current price levels crucial for traders. A decisive breakout could trigger renewed investor interest, while a rejection may drive further selling pressure. Despite its recent gains, PEPE relies on market speculation, which introduces risks for long-term investors. With BTC nearing $100,000 and the total market cap reaching $3.23 trillion, bullish sentiment persists. However, compared to RXS, PEPE lacks a comprehensive financial ecosystem supporting sustained growth. Rexas Finance Emerges as the Stronger Investment Rexas Finance stands apart from a diverse ecosystem, including the Rexas Treasury, a decentralized investment platform. The Rexas Estate marketplace facilitates real estate tokenization, while the Rexas Launchpad supports blockchain entrepreneurs. These utilities establish RXS as more than just a token, reinforcing its role in decentralized finance. Integrating AI-powered security tools like AI Shield enhances transaction safety across the platform. Additionally, GenAI provides market insights, ensuring informed decision-making for investors. These features collectively position RXS as a more secure and innovative investment choice. Website: https://rexas.com Whitepaper: https://rexas.com/rexas-whitepaper.pdf Twitter/X: https://x.com/rexasfinance Telegram: https://t.me/rexasfinance NewsBTC
1.4 Billion XRP In Open Interest, Selloff Finally Over?
XRP open interest teases major recovery ahead for coin NewsBTC
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Bitcoin’s Price Volatility Sparks Uncertainty Among Traders
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