Analysis Crypto by Thebittimes.Com

Bitcoin’s (BTC) ability to mount a parabolic rally may be fading based on its technical indicators, according to a trading expert.   In this line, Analysis by TradingShot suggests that another major rally could be limited by Bitcoin’s position within a well-defined long-term uptrend that has yet to produce the kind of rallies seen in the past cycles.   In a TradingView post on July 9, the analyst noted that since bottoming in November 2022, Bitcoin has traded within an upward channel that closely aligns with a Fibonacci channel guiding price movements since 2013.  Bitcoin price analysis chart. Source: TradingView Despite short-term pullbacks, the overall trend remains intact and is technically targeting a new higher high.  Notably, most of this cycle has occurred in the ‘buy zone’ of the Fibonacci channel. Historically, major rallies have followed breakouts from this zone.  For instance, in the 2017 and...

Dogecoin is currently one of the most promising cryptocurrency tokens in the market. Doge has already been amped up, as it’s one of the tokens that Tesla chief Elon Musk openly talks about. With Musk officially connected with the White House through Doge, the token may soar to unprecedented highs, claiming a new ATH very soon. Also Read: Jim Cramer Talks About Bitcoin & Its Price Immediately Dips to $96,000 Dogecoin On The Verge Of Hitting $0.82 Source – CoinGape Dogecoin is currently sitting at $0.42, down 3% in the last 24 hours. The consistent ebb and flow in Doge’s price is due to Bitcoin’s volatile price levels. The king of cryptocurrencies has dipped a little in the past two days, stabilizing at $98K at press time. However, Doge is destined to scale high on the radar due to its close connectivity with Tesla chief Elon Musk. Now that Musk is ready to take over the DOGE department, the acronym hints at Doge’s expected price spike, which may continue for the l...