$BTC bulls are continuing to show some strength here, but there is still some resistance at the red zone. This will be an importantly weekly candle close, bulls want to keep the price above the yellow support line. If this support level holds we can see some nice upside in April, TrendSpider’s seasonality index shows that April is one of the best performing months for Bitcoin. The halving event is now just 2 weeks away as well.
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Bitcoin dominance has hit my key resistance level at the light blue zone, which gives a dominance level of 61.60% to 63.23%. BTC dominance has started to trend down and this is usually when Altcoin season starts. The yellow trendline is a key resistance level for Bitcoin dominance, and we climbed well above resistance here […]
Read MoreXLM is also trading near a key resistance level around $0.687, and is likely to face some short-term resistance there. XLM and ALGO will benefit from XRP’s rally, and will likely lag behind XRP in the rally. I think XLM will form a bullish breakout from this range, and will rally to new all time […]
Read MoreXRP has experienced a nice rally over the past few weeks after forming a bullish breakout from the yellow pennant structure. XRP is approaching the first key resistance target around $1.95, I think there’s likely to be sellers there and a pullback.
Read More
Bitcoin dominance has hit my key resistance level at the light blue zone, which gives a dominance level of 61.60% to 63.23%. BTC dominance has started to trend down and this is usually when Altcoin season starts. The yellow trendline is a key resistance level for Bitcoin dominance, and we climbed well above resistance here […]
Read MoreXLM is also trading near a key resistance level around $0.687, and is likely to face some short-term resistance there. XLM and ALGO will benefit from XRP’s rally, and will likely lag behind XRP in the rally. I think XLM will form a bullish breakout from this range, and will rally to new all time […]
Read MoreXRP has experienced a nice rally over the past few weeks after forming a bullish breakout from the yellow pennant structure. XRP is approaching the first key resistance target around $1.95, I think there’s likely to be sellers there and a pullback.
Read More