Three Altcoins Surge as Investment Shifts Away from Bitcoin
Altcoin Market Activity: Altcoins are experiencing a resurgence as Bitcoin dominance decreases, with various projects seeing significant gains and trading volumes, some exceeding 2,800%.
Quack AI's Growth: Quack AI's Q token surged 32% following the launch of a zero-fee crypto card in partnership with Bitget Wallet, which offers cashback rewards and increased trading volume.
Horizen's Transition: Horizen (ZEN) rallied 18% after migrating to Coinbase’s Base Network, positioning itself as a privacy-focused Layer 3 appchain, with a notable increase in trading volume.
Meme-Coin Surge: Banana For Scale's token skyrocketed 65% amid a meme-coin frenzy, driven by a decline in Bitcoin dominance, resulting in a massive trading volume spike.
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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 4 technical signals, shows that 1 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 | 36453.096 | 48226.548 | 61188.846 | 72962.298 | 85924.596 | 97698.048 | 110660.346 |
| Fibonacci | 48226.548 | 57675.604 | 63513.241 | 72962.298 | 82411.355 | 88248.991 | 97698.048 |
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