Major Changes Impact Top 100 Cryptocurrencies
Market Decline: U.S. markets have opened with a decline, causing Bitcoin prices to drop below $103,000, while many altcoins are experiencing significant downturns, with 72 out of the top 100 cryptocurrencies trading at least 50% below their peak prices.
Investor Sentiment: South Korean investors are distancing themselves from cryptocurrencies due to disappointing returns, and the overall market sentiment remains bearish as investors await a potential bull market.
Top Performers and Strugglers: LEO is currently the best-performing cryptocurrency, surpassing Bitcoin, while others like FIL, ICP, and GRT are struggling, with ICP's potential for recovery diminishing.
Market Activity: Bitcoin is nearing another drop below $102,000, with recent liquidations of long positions and a dominance of short positions indicating a potential for further declines, influenced by upcoming statements from Trump regarding technology and crypto sectors.
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Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC) As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BTC 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, BTC 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 $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 36072.728 | 48036.364 | 60342.748 | 72306.384 | 84612.768 | 96576.404 | 108882.788 |
| Fibonacci | 48036.364 | 57307.512 | 63035.236 | 72306.384 | 81577.532 | 87305.256 | 96576.404 |
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