Casa Paura e avidità Piscine minerarie Portafogli Dizionario pubblicizzare Facebook Twitter Telegram Reddit Youtube
Mercato:
24h Vol:
Cryptocurrencies: 11975
Mercata: 92589
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Mercato
24h Vol
11975
Cryptocurrencies
54.28%
Bitcoin Condividere
NewsBTC 2024-12-22 21:00:22

Bitcoin $178K Target In Sight? Analyst Highlights Bollinger Band Retest Mirroring Jan. 2024 Rally

Bitcoin $178K Target In Sight? Analyst Highlights Bollinger Band Retest Mirroring Jan. 2024 Rally

Bitcoin has been on a correction path since it reached a new all-time high of $108,135 on December 17. Notably, this correction has seen the leading cryptocurrency decline by about 10% up until the time of writing and even breaking below $93,000 very quickly. Related Reading: Dogecoin Price Above $10: Historical Data Shows How High DOGE Will Go This Bull Cycle This notable decline has seen Bitcoin retesting the Bollinger Bands, and technical analysis suggests a bounce from here to reach a price target around $178,000. Bitcoin Retests Monthly Upper Bollinger Band Bitcoin’s recent price correction has caught the eye of crypto analyst Tony Severino, who highlighted a critical retest of the monthly upper Bollinger Band. Sharing his insights on social media platform X, Severino emphasized the significance of this technical indicator, which measures market volatility and potential reversal points. According to him, this development mirrors a similar pattern observed in January 2024, which eventually led to a substantial rally after a similar retest. According to the daily candlestick chart shared by Tony Severino, the upper Bollinger Band is currently situated just above $96,000, which is around Bitcoin’s current price. This Bollinger Band retest suggests that Bitcoin might be entering a new phase of upward momentum after the recent corrections. Historical Echoes: January 2024’s 86% Rally Offers A Blueprint Severino’s analysis draws parallels between the current price movement and Bitcoin’s behavior earlier in 2024. He noted that in January 2024, a similar retest of the monthly upper Bollinger Band preceded an 86% rally in Bitcoin’s price. At that time, Bitcoin was trading near $46,000, following a strong price rally that was brought forward from late 2023. However, January saw a brief correction, with Bitcoin’s price dropping to $40,000 to test the upper Bollinger Band. This test acted as a launchpad for not only a continued rally but also pushed Bitcoin to break its then all-time high and surpass $70,000 in March for the first time in its history. If Bitcoin were to replicate this 86% rally at this point, it could soar to approximately $178,000, which Severino noted is aligning with the upper range of his target zone. In another analysis, the analyst predicted that Bitcoin could reach its market top as early as January 20, 2025. At the time of writing, Bitcoin is trading $96,402, still hovering around the upper Bollinger Band. Interestingly, the leading cryptocurrency is currently down by 2.11% and 5.4% in the past 24 hours and seven days, respectively. This pullback has led to the realization of over $5.72 billion in Bitcoin profits, which has added to the short-term selling pressure. The impact of this correction is evident in Bitcoin’s Relative Strength Index (RSI), which has fallen sharply from 69 on December 17 to its current reading of 45. Related Reading: Ethereum Investment: Trump Crypto Project Grabs 722 ETH At $2.5 Million However, there are reasons to believe that the selling pressure may be easing. This is because the RSI level of 43 has acted as a significant support zone for Bitcoin since September. If this support holds, it could provide the foundation for Bitcoin’s move towards $178,000. Featured image from ABC News, chart from TradingView

La maggior parte ha letto le notizie



Cryptohopper
hardware wallets, hardware , wallets, Crypto Currency, Cryptocurrency hardware wallets, Crypto Apparal, crypto wallet, Cryptocurrency wallets

Mercato
24h Vol
54.28%
Bitcoin Condividere
47
Oggi notizie
Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta