XRP's July Uptrend Threatened as Bitcoin's $120K Price Resistance Holds

XRP's July Uptrend Threatened as Bitcoin's $120K Price Resistance Holds

This is a daily analysis of top tokens with CME futures by CoinDesk analyst and Chartered Market Technician Omkar Godbole.Bitcoin: Rangeplay continues with MACD teasing bearish flipBitcoin (BTC) hit a record high above $123,000 on July 14, before entering a period of consolidation. Prices have since been range-bound between resistance at $120,000 and support at $116,000, with bulls once again failing to establish a foothold above the former in t…

Bitcoin Faces Key Test at $121K as Liquidation Wall Threatens Rebound Momentum

A strong liquidation wall has formed at $121,100, signaling significant price pressure. BTC is trading at $118,456, maintaining a narrow range with support near $117,697. Liquidation data shows increased activity, with recent trends suggesting short-term volatility. Bitcoin is showing limited price movement but remains in a narrow range, with a strong liquidation wall emerging near $121,100. Current data places BTC at $118,456, reflecting a mode…

Bitcoin Price Sets Up for Another Move—Can the Bulls Seal the Deal?

Bitcoin price is eyeing a fresh increase above the $118,000 resistance. BTC must clear the $120,000 resistance zone to continue higher in the near term. Bitcoin started a fresh increase after it cleared the $118,000 zone. The price is trading above $118,500 and the 100 hourly Simple moving average. There was a break above a bearish trend line with resistance at $118,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair m…

Can Bitcoin Hold Above $120K? Bulls and Bears Are Split

Can BTC bulls close out the week in the green? The odds on the Myriad prediction market are nearly dead even.

BTC Price Reclaims $120K As Whale Accumulates $920M in Bitcoin

Bitcoin’s (BTC) price briefly hit $120,000, with daily trading volume surging past $77 billion. The BTC price rise happened after more than $920 million in Bitcoin was withdrawn from Kraken and sent to unknown wallets in under one hour today. There is a strong accumulation patterns based on the transfers alongside more purchases by ETFs. The post BTC Price Reclaims $120K As Whale Accumulates $920M in Bitcoin appeared first on CoinGape.