Even with Wednesday’s pullback, Bitcoin and most major altcoins are finding buyers on minor dips to underlying support levels, signaling that the trend remains bullish.
Bitcoin (BTC) remains on a strong footing after bears failed to capitalize on the rejection near the psychological mark at $50,000.
The recent price rise in Bitcoin has not enticed longer-term investors to part with their holdings, and Glassnode data shows that the Bitcoin supply held by long-term holders has hit a new all-time high of 12.69 milioni di BTC. This tops the previous record achieved in October 2020.
MicroStrategy’s recent Form 8-K filing with the United States Securities and Exchange Commission shows that the company bolstered its Bitcoin holdings by 3,907 BTC between July 1 e agosto. 23. The company bought at an average price of $45,294. This brings MicroStrategy’s total holdings to 108,992 BTC, with an average price of $26,769.
però, not everyone is bullish in the short term. John Bollinger, the creator of the popular technical analysis Bollinger Bands indicator, sounded a note of caution to traders and suggested that they “take some profits or hedge a bit.” He said there was no confirmation of a fall yet, but if it happened, hodlers could use the lower levels to buy more.
After Aug. 25’s minor correction, could Bitcoin and altcoins resume their up-move? Analizziamo i grafici dei primi 10 criptovalute per scoprirlo.
BTC / USDT
Bitcoin (BTC) broke above the psychological barrier at $50,000 ad agosto. 23, but the long wick on the day’s candlestick showed profit-booking at higher levels. The selling continued on Aug. 24 and on Aug. 25, which pulled the price down to the support line of the rising wedge pattern.
The bulls are currently defending the support line. Se il rimbalzo si mantiene, the bulls will have another go at the overhead resistance zone of $50,000 per $50,500. If it clears this hurdle, the BTC/USDT pair may rally to the resistance line of the wedge.
A breakout and close above the wedge will suggest strength and could attract further buying. That may clear the path for a rally to $60,000. The rising 20-day exponential moving average (EMA) ($46,014) e l'indice di forza relativa (RSI) in the positive zone indicate an advantage to buyers.
This positive view will invalidate if bears sink the price below the 200-day simple moving average (Scuola superiore) ($45,977). That may result in a decline to $42,451.67.
ETH / USDT
The bulls pushed Ether (ETH) al di sopra della resistenza aerea a $3,335 ad agosto. 23 e agosto. 24, ma non potevano sostenere i livelli più alti. This suggests that bears are defending the level aggressively.
The ETH/USDT pair dropped to the 20-day EMA ($3,080) ad agosto. 25, but the long tail on the candlestick shows buying at lower levels. Se il prezzo si mantiene al di sopra dell'EMA a 20 giorni, the buyers will take another shot at pushing the pair above $3,335.
Se riescono a farcela, the pair may resume its uptrend, che potrebbe raggiungere $3,670 e poi $4,000. Anzi, se il prezzo scende di nuovo da $3,335, a few days of consolidation is possible. The first sign of weakness will be a break and a close below $3,000. If bears sustain the price below this level, la coppia potrebbe scendere alla SMA a 200 giorni ($2,352).
ADA / USDT
Cardano (C'È) witnessed profit-booking near the psychological level at $3 ad agosto. 24, but a positive sign is that bulls are not giving up much ground. The long tail on Aug. 24’s and Aug 25’s candlestick suggests accumulation at lower levels.
If the price rebounds off the current level or the breakout level at $2.47, it will indicate that the sentiment remains positive and bulls are buying on dips. The bulls will then try to resume the uptrend by pushing the price above $3. Se riescono a farlo, the ADA/USDT pair may rise to $3.50.
D'altra parte, if the price once again turns down from the overhead resistance, la coppia potrebbe consolidarsi tra $3 e $2.47 per qualche giorno. Una pausa e chiudere di seguito $2.47 potrebbe far scendere il prezzo fino all'EMA a 20 giorni ($2.20). The bears will have to sink the price below this support to gain the upper hand.
BNB / USDT
After the strong up-move on Aug. 23, Binance Coin (BNB) made an inside-day candlestick pattern on Aug. 24. This suggests indecision among the bulls and the bears. Attualmente, the buyers are attempting to resolve the uncertainty in their favor.
If bulls push and sustain the price above $509.72, the BNB/USDT pair could start its northward journey toward $600. L'EMA a 20 giorni in aumento ($420) and the RSI in the overbought zone suggest that buyers have the upper hand.
Contrariamente a questa ipotesi, se il prezzo scende da $509.72, the pair may drop to the breakout level at $433 and consolidate between these two levels for a few days. A break and close below the 20-day EMA could result in a decline to $385.47 and then to the 200-day SMA ($358).
XRP / USDT
The long wick on XRP’s Aug. 23 candlestick shows that bears are attempting to stall the recovery in the $1.30 per $1.35 zona. This may have led to profit-booking from short-term traders, resulting in a drop to the 20-day EMA ($1.08).
The bulls are likely to aggressively defend the breakout level at $1.07. Se il prezzo rimbalza su questo supporto, the XRP/USDT pair could rise to the downtrend line and above it to $1.35. A breakout and close above this resistance will signal the resumption of the uptrend.
Contrariamente a questa ipotesi, se gli orsi affondano il prezzo sotto $1.07, la coppia potrebbe scendere alla SMA a 200 giorni ($0.86). Such a move will suggest that the bullish momentum has weakened and the pair may trade in a range for a few days.
DOGE / USDT
Dogecoin (DOGE) turned down from the downtrend line on Aug. 24 and dropped to the 20-day EMA ($0.28). Although bulls have defended the support, the failure to achieve a strong rebound suggests a lack of aggressive buying.
If bears sink the price below the 20-day EMA, the DOGE/USDT pair could drop to the next support at $0.21. Such a move will suggest that the recent breakout above $0.29 was a bull trap. The pair could then remain range-bound between $0.21 e $0.29 per qualche giorno.
The flattening 20-day EMA and the RSI just above the midpoint also suggest a consolidation in the short term. al contrario, if the price turns up from the current level and rises above the downtrend line, la coppia potrebbe riprendersi $0.35. A breakout and close above this resistance could open the gates for an up-move to $0.45.
DOT / USDT
The failure of the bulls to push Polkadot (PUNTO) al di sopra della resistenza aerea a $28.60 for the past few days attracted profit-booking on Aug. 24. The price dropped close to the 20-day EMA ($23.84), but the buyers are attempting a rebound.
The bulls will now make one more attempt to thrust and sustain the price above the overhead resistance. If they manage to do so, the DOT/USDT pair will complete a V-bottom, che ha un obiettivo del modello a $46.83.
Anzi, if the bounce fizzles out and bears sink the price below the 20-day EMA, it will suggest that the bullish momentum has weakened. La coppia potrebbe quindi scendere a $18 and remain range-bound for a few more days.
SOL / USDT
Solana (SOL) is currently correcting the sharp up-move of the past few days. This suggests that traders are booking profits. The critical support to watch on the downside is the breakout level at $58.38.
L'EMA a 20 giorni in crescita ($59) and the RSI in the overbought territory indicate that bulls have the upper hand. Se il prezzo rimbalza $58.38, it will suggest that traders continue to accumulate on dips. I rialzisti faranno quindi un altro tentativo per riprendere il trend rialzista.
Un breakout e chiudere sopra $82 may start the next leg of the up-move. D'altra parte, se il prezzo scende da $82, the SOL/USDT pair could remain range-bound for a few days. Una pausa e chiudere di seguito $58.38 will suggest that bears are making a strong comeback.
Relazionato: Bitcoin erases BTC price dip but $48.2K is now key to avoid bull trap
UNI / USDT
The long wick on the Uniswap (UNI) candlestick showed that bears continue to defend the overhead resistance at $30 ad agosto. 23. That may have attracted profit-booking from short-term traders on Aug. 24, which pulled the price below the moving averages.
If bulls fail to sustain the price above the moving averages, the UNI/USDT pair could drop to $23.45. A strong bounce off this level will suggest that traders are buying on dips. Ciò potrebbe mantenere la coppia in un intervallo compreso tra $23.45 e $30 per qualche altro giorno.
The flat moving averages and the RSI near the midpoint suggest a few days of consolidation. Un breakout e chiudere sopra il $30 per $31.25 overhead resistance zone will signal the start of a new uptrend.
BCH / USDT
Bitcoin Cash (BCH) turned down from the $700 per $714.76 overhead resistance and slipped below the 200-day SMA ($657) ad agosto. 24. I rialzisti stanno attualmente tentando di difendere l'EMA a 20 giorni ($632), che è un segno positivo.
If the price rebounds off the current level and rises above the 200-day SMA, the BCH/USDT pair could rise to the overhead resistance zone. A breakout and close above this zone could open the doors for a rally to $806.87.
al contrario, if bears sink the price below the 20-day EMA and the $619 supporto, the pair could witness a deeper correction to $588 e poi $550. Such a move will point to a few days of consolidation.
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