Crypto bulls are attempting a comeback as Bitcoin tries to trade above $27,000.
Bitcoin’s resilience in adverse conditions suggests selling pressure is drying up at lower levels.
The delay of the spot Bitcoin exchange-traded fund (ETFs) did not dent prices, indicating a longer-term view on Bitcoin.
Altcoins are also attempting a recovery and climbing above their respective resistance levels.
Bitcoin’s price analysis shows that the path of least resistance is to the upside, with a minor resistance at $27,500.
Ether’s price analysis indicates a reduction in selling pressure, with a potential double bottom pattern if the price clears the overhead resistance at $1,746.
BNB’s price analysis suggests a turning momentum in favor of the bulls, with a potential surge to $235 if the $220 resistance is surmounted.
XRP’s price analysis shows a resolution in favor of the buyers if the price sustains above the triangle, with a potential rally to $0.56.
Cardano’s price analysis indicates a potential sharp up-move if the downtrend line is invalidated, with targets at $0.29 and $0.32.
Dogecoin’s price analysis suggests a range expansion within the next few days, with potential targets at $0.07 and $0.08 if the price rises above the 20-day EMA.
Solana’s price analysis shows a relief rally attempt, with an important level to watch at the 50-day SMA ($20.44).
Toncoin’s price analysis indicates positive sentiment and buying on dips, with targets at $2.40 and $2.59 if the price breaks above resistance levels.
Polkadot’s price analysis suggests range-bound action remains intact, with potential targets at the 50-day SMA ($4.32) and downtrend line if overhead resistance is cleared.
Polygon’s price analysis shows solid buying at lower levels, with potential targets at $0.60 if the price breaks above the moving averages.
Summary:
– Bitcoin is attempting to trade above $27,000, showing resilience and a longer-term view.
– Altcoins are attempting a recovery and climbing above resistance levels.
– Ether, BNB, XRP, Cardano, Dogecoin, Solana, Toncoin, Polkadot, and Polygon all show potential bullish signs in their price analysis.