Bitcoin Bounces, But Where Does It Go Next? Here’s What the Charts Say

Share

Bitcoin has bounced after falling below $80,000 on Thursday for the first time in over a month, recovering to $82,295 (+1.28%). Zcash led the top 15 with a 10.29% surge to $1,222.02, while Ethereum gained 4.17% to $2,473.17 and Solana rose 3.02%. Thursday’s decline triggered $948 million in liquidations, with 90.6% being long positions. On the daily chart, bitcoin faces key resistance at $81,603, with the 50-day exponential moving average at $80,407 and the 200-day EMA at $75,759, approximately 8% below current levels. Prediction markets give a 31% probability of reaching $87,500 in October, down from 45% on Tuesday, and a 43% chance of dropping to $77,500.

Source: Read the original article

Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

Read More

Items