Bitcoin whales employ ‘wait-and-see strategy’ as price hovers at $96K
Bitcoin Whales' Strategy: Bitcoin whales are currently holding their positions without immediate selling pressure, despite a significant inflow of Bitcoin into exchanges, indicating a cautious "wait-and-see" approach among large investors.
Market Skepticism on Price Targets: Traders express skepticism about Bitcoin reaching $100,000 by the end of 2024, with some analysts noting that while a future rise to $110,000 seems likely, market fluctuations may delay this milestone.
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Technical Analysis for REKT
Technical Sentiment Analysis for Rekt (rektcoin.com) (REKT) As of , Rekt (rektcoin.com) (REKT) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for REKT 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, REKT 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 $-.
Rekt (rektcoin.com) (REKT) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.000000047 | 0.00000011 | 0.000000167 | 0.00000023 | 0.000000286 | 0.000000349 | 0.000000406 |
| Fibonacci | 0.00000011 | 0.000000156 | 0.000000184 | 0.00000023 | 0.000000275 | 0.000000304 | 0.000000349 |
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