The post Bitcoin Price Today: BTC Price Reclaims Strength at $87K, but Bulls Must Overcome the $100K Block appeared com. Bitcoin is showing renewed strength this weekend as bulls attempt to reclaim momentum, pushing the price closer to key resistance levels that could trigger Bitcoin’s next major breakout. After briefly dipping earlier in the week, Bitcoin has stabilized above crucial demand zones, attracting fresh trader interest. Market sentiment is shifting as buyers eye a potential surge toward the highly anticipated $90K-$100K range. Weekend Momentum Accelerates, but Analysts Urge Caution Market commentator Ted (@TedPillows)-known for tracking Bitcoin liquidity flows and weekend volatility patterns-highlighted the recurring nature of weekend-driven rallies, noting that they often fade once institutional trading volume returns. “TC weekend pump is here. And we know what will happen next,” he wrote, suggesting that Bitcoin frequently loses momentum without strong weekday follow-through from institutional desks. Bitcoin’s weekend pump returns, but traders warn real momentum must show up on weekdays. Technical charts referenced by traders show consistent selling pressure around this region, which continues to serve as a major barrier to any attempt at a new Bitcoin all-time high. Some analysts attribute this behavior to thinner weekend order books. According to multiple order-flow tools used by traders, weekend depth can be 10-30% lower than weekday levels, magnifying both upward surges and sudden corrections. Critics refer to these conditions as “low-liquidity weekend traps”, though not all analysts agree on the reliability of this pattern. Large Sell Orders Emerge as Market Approaches Resistance In a separate update, Ted noted that significant sell-side liquidity has been forming between $88,000 and $91,000. “Some big sell orders are emerging. Bitcoin is trading $2,000 above the CME gap, which isn’t a good sign,”.
Tag: follow-through
The post Gold struggles near one-week low as Fed rate cut bets fade appeared com. Gold (XAU/USD) remains under some selling pressure for the fourth consecutive day on Tuesday and drifts back closer to a one-and-a-half-week low, around the $4,000 neighborhood, touched the previous day. Traders have been scaling back their bets for another interest rate cut by the US Federal Reserve (Fed) in December, which, in turn, is seen as a key factor undermining the non-yielding yellow metal. The US Dollar (USD), however, struggles to attract any follow-through buying amid concerns about the weakening economic momentum on the back of the longest-ever US government shutdown. This, along with the prevalent risk-off environment, could offer some support to the safe-haven commodity and help limit further losses. Traders might also opt to wait for more cues about the Fed’s rate-cut path before positioning for the next leg of a directional move for the Gold price. Hence, the market focus will remain glued to the release of FOMC meeting Minutes, due on Wednesday, and the delayed US Nonfarm Payrolls (NFP) report for October on Thursday. Moreover, speeches from influential FOMC members will play a key role in driving the Greenback and providing some meaningful impetus to the XAU/USD pair. In the meantime, a convincing break and acceptance below the $4,000 psychological mark will be seen as a key trigger for bearish traders. This, in turn, will set the stage for an extension of a nearly one-week-old downtrend from the vicinity of mid-$4,200s. Daily Digest Market Movers: Gold continues to be pressured by less dovish Fed expectations The longest-ever US government shutdown led to an absence of official economic data and dampened expectations for another interest rate cut by the Federal Reserve in December. Moreover, several Fed officials recently signaled caution on further policy easing. Fed Vice Chair Philip Jefferson said on Monday that upside risks to inflation.
The post Crypto News: Expert Targets $16 in ICP Price Prediction Amidst 214% Breakout appeared com. Internet Computer coin just delivered its biggest move in years, jumping 214% in a single week and snapping a long, painful downtrend. After spending nearly four years grinding lower, the token finally broke out of a massive descending wedge a move that often signals the start of a lasting reversal. Right now, ICP is trading around $9. 64, up from the $2-$3 range where it lingered for most of 2023 and early 2024. That breakout has shattered the bearish pattern that’s dominated the chart since the token’s $700 peak back in 2021. With momentum building and trading volume spiking, the market’s next focus is clear: $16, a key Fibonacci level that marks the first serious resistance on the way up. A clean break above that zone could open the path toward $24.
Analysts now warn that a drop below $180 could trigger a much steeper correction, with lower support zones forming far [.] The post Solana Price Analysis: Key Support Levels in Danger as Analysts Warn of Deep Correction appeared first on Coindoo.