Bitcoin price sees a modest recovery driven by derivatives, with big overhead resistance above $116,000 in place and several key support levels below.
Nancy Lubale
Nancy Lubale is a markets writer at Cointelegraph with eight years experience covering finance news encompassing stocks, forex, blockchain and cryptocurrencies. Nancy’s personal interests lie in research, technical and onchain analysis. Nancy’s work has been published at Kraken, CoinGape, Blocknews and Analytic Insights. Nancy is the co-founder of Ermofi.com and she holds a Master’s degree in Corporate Environmental Management from the University of Surrey and a BSc. in Biochemistry from Moi University, Kenya. Nancy has no crypto holdings above Cointelegraph’s disclosure threshold of $1,000.
- Market Analysis
Bitcoin reclaims $115K: Watch these BTC price levels next - Market Analysis
Bitcoin‘s ‘supercycle ignition’ hints at $360K: New price analysis Bitcoin’s inverse head-and-shoulders pattern signalled the continuation of the uptrend toward $360,000, driven by institutional demand via spot BTC ETFs.
- Altcoin Watch
XRP price: Why the next logical target is $4.50 XRP analysts highlighted the potential to rebound to $4.50 and higher as institutional demand and derivatives trader interest increased steadily.
- Market Analysis
Bitcoin Bollinger Bands reach ‘most extreme level,’ hinting at explosion to $300K BTC A widely used Bitcoin technical analysis indicator suggested that BTC is on the verge of an “explosive price expansion” toward new all-time highs.
- Altcoin Watch
ETH price to $3.5K first? Why Ether bears are growing louder Ether price is stuck in a range, with multiple ETH metrics suggesting that the price could see a deeper correction in the short term.
- Altcoin Watch
Solana following Ethereum? ‘V-shaped’ chart pattern targets $300 SOL price SOL price is 70% higher than its $125 lows reached on June 22, as onchain data and a classic pattern suggest that SOL is on track to fresh record highs.
- Altcoin Watch
How high can DOGE price go when a Dogecoin ETF is approved? Dogecoin price could rise toward $0.50 next, then $1 or higher once a spot DOGE ETF is launched, unlocking institutional capital.
- Altcoin Watch
Why is Ethereum price failing to break $4.5K? The absence of new buyers, weak spot Ethereum inflows and declining network activity have put ETH price at risk of dropping to $3,500.
- Market Analysis
Bitcoin long-term holders offload 241,000 BTC: Is sub-$100K BTC next? Selling by Bitcoin long-term holders, reduced buying by treasury companies and a weakening technical structure could push BTC’s price toward $95K.
- Altcoin Watch
Ethereum bull alert: ETH exchange ‘flux’ turns negative for the first time Ether’s exchange flux metric turned negative for the first time in history, signaling a shift in investor behavior and Ether’s potential to resume its uptrend.
- Market Analysis
Bitcoin analysts see a ‘massive’ move as BTC price regains $112K Bitcoin’s relief bounce above $112,000 liquidated shorts as analysts said BTC price may get an additional boost from the US jobs report.
- Altcoin Watch
Dogecoin’s ‘next wave’ targets $1.40 as first DOGE treasury is launched DOGE analysts highlight the potential to surge to $1 and beyond, fueled by the launch of the first Dogecoin treasury by CleanCore Solutions.
- Market Analysis
Bitcoin’s ‘euphoric phase’ cools as $112K becomes key BTC price level Bitcoin shows signs of exhaustion with the recent drop to $107,000, but a break above $112,000 might confirm last week’s lows as the BTC price bottom.
- Altcoin Watch
Solana charts set $1K price target as open interest hits all-time high Solana open interest hit a record high above $13 billion as the technical setup suggests the rally could continue for SOL price to reach $1,000.
- Altcoin Watch
Classic XRP price chart pattern targets $5 as spot ETF reality draws closer XRP analysts highlight the potential to rebound to new all-time highs over the next few weeks or months as spot ETF approval odds in 2025 rise to 87%.
- Altcoin Watch
Ethereum whales scoop up 260K ETH, fueling $5K recovery hopes Whale inflows into Ethereum are getting bigger as investors take profits from Bitcoin and rotate capital into Ether, raising hopes of new all-time highs soon.
- Market Analysis
Bitcoin reclaims $110K, but BTC market remains ‘fragile,’ analysis says Bitcoin price sees a modest recovery, but multiple BTC metrics suggest traders are still holding back from making risk moves.
- Altcoin Watch
Will XRP price drop toward $2 or reverse course? XRP price is stuck in a downtrend, with several metrics suggesting that the sell-off could continue to $2 if the support at $2.70 is lost.
- Market Analysis
Bitcoin valuation indicator hints at macro top as ‘death cross’ appears Bitcoin’s MVRV metric signals weaker momentum as BTC price shows signs of exhaustion and a potential cycle top, yet not all indicators are bearish.
- Altcoin Watch
5 signs that Ethereum’s bull market isn’t over below $5K Despite Ether’s 12% drawdown from all-time highs, there is hope for the bulls as new data suggests that the ETH price could still rise higher in 2025.
- Market Analysis
Bitcoin traders: BTC must close week above $114K to avoid ‘ugly’ correction Bitcoin may see a deeper correction toward $103,000 after losing a key support level, new price analysis concludes.
- Market Analysis
Bitcoin megaphone pattern targets $260K as BTC price screams ‘oversold’ Bitcoin’s price deviates 12% from its all-time high, but an oversold STH MVRV metric could trigger a breakout toward $260,000.
- Altcoin Watch
XRP ‘distribution’ phase doesn’t change $20 price target: Analyst XRP analysts remain confident of a bullish continuation with short-term targets around $4 and $20 for cycle tops.
- Altcoin Watch
Dogecoin whales de-risk as DOGE price is in danger of dropping 45% DOGE whales are selling amid declining open interest and network activity, suggesting that Dogecoin’s price may continue to fall to as low as $0.12.
- Market Analysis
Bitcoin traders say BTC price at ‘make-or-break’ point at $110K Low Taker-Buy-Sell-Ratio, declining network activity and other bearish factors could pull BTC price below its critical support at $110,000.
- Altcoin Watch
Is $20K ETH price now in play? Ethereum market enters ‘belief’ zone Onchain data suggests Ethereum is in the “belief” stage of the bull cycle amid fresh all-time highs, opening the door to potentially even higher prices.
- Market Analysis
Bitcoin late longs wiped out as sub-$110K BTC price calls grow louder Bitcoin leveraged positions grew over the past 24 hours, and many of these late longs have been wiped out as the BTC price dropped below $112,000.
- Market Analysis
Bitcoin price breakout to $117K liquidates bears, opening door to fresh all-time highs Bitcoin chased its range highs after the Federal Reserve hinted at a policy pivot during the closing speech of the Jackson Hole Symposium.
- Altcoin Watch
ETH ‘god candle’ emerges amid Fed rate cut hopes: Is $6K Ether next? Rising spot ETF demand, extremely strong technicals and a supply shortage could push ETH price to $6,000 before the end of 2025.
- Altcoin Watch
SOL chart is the most bullish in crypto right now: Is $260 next? Several technical indicators are flashing bullish for SOL price, and analysts believe a rally to $260 is the next step.