Kryptodata

  • Market Cap: $2,457,836,220,776.65
  • 24h Vol: $113,806,180,633.84
  • BTC Dominance: 49.60%
Bitcoin price seeks stability as HBAR, OP, INJ, and RUNE show bullish signs

Bitcoin price seeks stability as HBAR, OP, INJ, and RUNE show bullish signs

Bitcoin is currently seeking stability around the $25,000 mark, but analysts predict a potential drop to $20,000.

The cryptocurrency market has experienced a broad-based sell-off, with several altcoins being dragged down by Bitcoin’s fall.

However, there are a few altcoins that have shown resilience and may continue to perform well in the coming days.

Bitcoin’s price has been range-bound between $24,800 and $31,000, with the possibility of a recovery if it rises from its current level.

Hedera (HBAR) has seen some bearish activity at higher levels but has found support at the 50-day SMA.

Optimism (OP) has broken below moving averages but found support at the uptrend line, indicating potential demand at lower levels.

Injective (INJ) has formed a bullish ascending triangle pattern, suggesting that buyers have an advantage.

THORChain (RUNE) has been in an uptrend and may continue to rise if it breaks above the overhead resistance at $2.

Summary:

– Bitcoin is seeking stability around $25,000 but may drop to $20,000.

– Altcoins like HBAR, OP, INJ, and RUNE have shown resilience and may continue to perform well.

– Bitcoin’s price is range-bound and may recover if it rises from its current level.

– HBAR has found support at the 50-day SMA.

– OP has found support at the uptrend line.

– INJ has formed a bullish pattern, indicating buyer advantage.

– RUNE has been in an uptrend and may rise further if it breaks above $2.

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