hello guys! The Bitcoin (BTC) price chart shows a strong upward trend after breaking out from a key resistance level. The breakout occurred around January 20, 2025, when the price surged through a horizontal resistance zone. The bullish momentum suggests that the price is headed toward the next significant resistance level near $110,000, marked by a potential target zone highlighted on the chart. what I see: Breakout Confirmation: BTC has successfully broken out from a consolidation zone, as indicated by the strong upward movement after the breakout. Bullish Channel: The price is trading within an upward-sloping channel, with the breakout occurring near the middle of the channel. This suggests that the market has significant upward potential. Potential Resistance: The next critical resistance lies at the $110,000 level, and if the price continues to gain momentum, it could reach $115,000, as seen in the forecasted range. Support Level: A major support level lies near $99,000, which could provide a strong base for any short-term pullbacks.
KuCoin, a globally recognized cryptocurrency exchange, has announced BC Wong as its new Chief Executive Officer (CEO). This strategic move underscores KuCoin’s dedication to global growth, innovation, and regulatory compliance. BC Wong: A Proven Leader in Cryptocurrency Better known as “BC,” Wong is a seasoned professional with extensive experience in the cryptocurrency industry. His tenure […]
The subsequent price action will depends on if Solana will be able to close above the key resistance barrier at 262.50, which would lead to further gains toward 293.60.
As the cryptocurrency market navigates through a period of significant growth and transformation, new developments and trends are emerging that will likely define the crypto landscape in 2025. After an impressive 2024, with crypto market capitalization reaching $3.4 trillion – a 96.2% increase year-on-year – we look ahead to exciting trends that will shape the […]
This article was written by Paul Reid, a financial journalist at Exness.   These key data releases will offer not only a snapshot of today’s economic health but also act as a catalyst for significant market moves. If you are a technical trader, these events may contradict your analysis. Trade with all the information for […]
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