2024-10-24 22:00 |
Bitcoin’s correction ignited selling in altcoins, which are slipping below critical support levels.
origin »Bitcoin price in Telegram @btc_price_every_hour
|
The top two cryptocurrencies Bitcoin and Ethereum are both attempting to challenge previous highs. For Bitcoin, the price correction which is already in motion was ignited shortly after the big bull hit a low of $17,683 on the 11th of December.
2020-12-14 00:14 | |
|
|
Bitcoin's chance of hitting a new all-time high has increased, buoyed by expectations of the adoption of a US Bitcoin reserve.
Bitcoin’s bounce above $94,000 suggests that the bulls remain buyers on dips, increasing the possibility of a retest of $100,000.
Bitcoin price looks on track to reclaim the $100,000 level. Are altcoins set to follow?
Most traders expect Bitcoin price to hit new highs throughout 2025, and charts suggest ETH, SOL, SUI and AAVE could be the top-performing altcoins this year.
Bitcoin is holding above $90,000, signaling the possibility of a move back toward $100,000 in the next few days.
Bitcoin needs to find support in the $90,000 to $85,000 range in order for altcoins to recover and find new buyers.
Bitcoin’s repeated failure to cross above $100,000 increases the risk of a drop under $90,000.