Bitcoin Surges Past $91,000 Milestone, Major Market Reaction
- Price Breakthrough: Bitcoin's price has surged past $91,000, currently trading at $91,022.53, marking a pivotal moment in the market cycle and capturing the attention of institutional and retail investors globally.
- Volume Surge: In the 24 hours leading up to the breakout, aggregated trading volume across major exchanges increased by over 40%, indicating strong conviction among market participants, with minimal resistance during the breakout.
- Holding Trend: On-chain analytics reveal a significant decrease in Bitcoin held on exchanges, suggesting a trend toward accumulation and long-term holding, which typically creates upward price pressure.
- Sentiment Shift: The Bitcoin Fear and Greed Index has entered 'Extreme Greed' territory, reflecting strong investor confidence and demand for Bitcoin, although it may also signal overheated market conditions.
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Technical Analysis for MAJOR
Technical Sentiment Analysis for Major (MAJOR) As of , Major (MAJOR) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 0 indicators are flashing buy, while 5 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for MAJOR stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, MAJOR is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Major (MAJOR) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0609 | 0.0686 | 0.0775 | 0.0852 | 0.094 | 0.102 | 0.111 |
| Fibonacci | 0.0686 | 0.075 | 0.0789 | 0.0852 | 0.0915 | 0.0954 | 0.102 |
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