Dogecoin is down today after entering overbought territory, with a looming golden cross and macroeconomic factors adding to the bearish pressure for DOGE price.
Markets news
Bitcoin institutional investors are pausing for thought while BTC price struggles to overcome resistance.
Bitcoin’s upcoming price recovery will be driven by a handful of unique factors.
Bitcoin’s brief rally to $69,000 maybe have been “driven by speculation” for a Trump victory. Meanwhile, BTC options traders say $80,000 is programmed.
Traders expect Bitcoin downside price action to continue but also agree that in the coming weeks, $73,000 could occur “fairly quickly.”
Bitcoin is finding support in the $66,500 to $65,000 zone and Bitcoin ETF inflows suggest traders are buying the dips. Will altcoins follow?
Bitcoin faces limited time to convince that it is “actually strong” as cooling BTC price action sticks around.
Bitcoin price was rejected due to profit-taking and big resistance at $69,000, but breaking it would trigger over $1.6B in short liquidations.
XRP prices have declined after Ripple co-founder’s $10 million donation to Kamala Harris’ US presidential campaign.
Bitcoin transaction volume analysis hints that retail interest is slowly returning in line with BTC price upside.