Tag Archives: follow-through

Bitcoin Price Today: BTC Price Reclaims Strength at $87K, but Bulls Must Overcome the $100K Block

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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,” he remarked, referencing common futures-market dynamics tracked by many traders. Bitcoin faces heavy sell walls near $88K-$91K as traders brace for a possible Monday top and a CME gap-filling drop. Red candles appeared as large sell walls developed across Binance. Coinbase and other major venues have visible liquidity clusters totaling nearly $800 million across multiple exchanges. While some traders interpret heavy liquidity as a sign of potential rejection, others argue that CME gaps do not always fill quickly, and their timing remains widely debated. Some previous gaps have taken weeks or months to close, while others remain unfilled entirely. This ongoing debate highlights the uncertainty surrounding Bitcoin’s next decisive move. Short-Term Technicals Support Upside-If Key Levels Hold A technical breakdown from TradingView analyst SMC-Trading-Point-who specializes in Smart Money Concepts (SMC) and institutional order-flow analysis-offered a more constructive outlook, pointing to strong structural signals on the 1-hour BTC/USDT chart. BTC holds above the 85. 3K-86K demand zone, signaling bullish continuation toward the 90K liquidity target. Price action remains above the EMA 50, while approaching the EMA 200, a level many traders associate with potential trend reversals when broken convincingly. Higher lows and the break of minor structure highs suggest that bullish momentum is gradually building. The analyst highlighted the next upside target at $90, 000-$90, 100, which aligns with a liquidity pool and resistance cluster monitored by short-term traders. Looking Ahead: Can Bitcoin Break the $100K Barrier? Bitcoin’s weekend rally shows that buyers remain active, but the next major test will come when weekday trading volume returns. The $88,000-$91,000 region has emerged as a critical battleground, with order-book data showing heavy liquidity in this range. Breaking above it could open the path toward another challenge of $100, 000, while failure may lead to a broader retracement toward the lower CME gap area. Bitcoin was trading at around 86, 990, up 2. 93% in the last 24 hours at press time. With Bitcoin’s market cap recovering alongside resilient ETF inflows, the broader uptrend remains intact-but volatility is likely as BTC approaches one of its most important resistance zones of the year.
https://bitcoinethereumnews.com/bitcoin/bitcoin-price-today-btc-price-reclaims-strength-at-87k-but-bulls-must-overcome-the-100k-block/

Gold struggles near one-week low as Fed rate cut bets fade

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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 have declined somewhat and the current policy rate is somewhat restrictive. Jefferson, however, added that the central bank needs to proceed slowly as monetary policy approaches the neutral rate. According to the CME Group’s FedWatch Tool, the probability for a 25 basis-point Fed rate cut in December has now fallen below 50%. This, in turn, has been a key factor that continues to drive flows away from the non-yielding Gold for the fourth consecutive day on Tuesday. Meanwhile, investors remain worried about the impact of the prolonged US government closure on the economy, which fails to assist the US Dollar in building on the previous day’s gains. This might hold back the XAU/USD bears from placing aggressive bets and help limit losses. The reopening of the US government shifts the market focus back to the release of delayed economic data, including the key Nonfarm Payrolls (NFP) report on Thursday. Apart from this, the FOMC Minutes could offer cues about the rate-cut path and influence the commodity. Russia’s Defence Ministry said that its forces have occupied strongholds in Orestopol in the Dnipropetrovsk region. Moreover, a Russian attack forced a Romanian border village to evacuate. This keeps geopolitical risks in play and could support the safe-haven precious metal. Gold could accelerate the fall below $4,000 psychological mark amid a negative technical setup The XAU/USD pair recently failed to move back above the 200-hour Exponential Moving Average (EMA). The subsequent fall favors bearish traders and suggests that the path of least resistance for the Gold price is to the downside. Some follow-through selling below the $4,000 mark will reaffirm the negative bias and make the commodity vulnerable to accelerate the fall towards the $3,931 intermediate support en route to the $3,900 mark and late October swing low, around the $3,886 region. On the flip side, any meaningful recovery attempt might now confront an immediate strong barrier near the $4,053-4, 055 region. However, a sustained strength beyond could trigger a short-covering rally and lift the Gold price back to the 200-hour EMA, currently pegged just below the $4,100 round figure. Some follow-through buying will suggest that the recent slide witnessed over the past week or so, from the vicinity of mid-$4,200s, has run its course and pave the way for additional gains.
https://bitcoinethereumnews.com/finance/gold-struggles-near-one-week-low-as-fed-rate-cut-bets-fade/

Crypto News: Expert Targets $16 in ICP Price Prediction Amidst 214% Breakout

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Internet Computer (ICP) just delivered its biggest move in years, soaring an impressive 214% in a single week and snapping a long, painful downtrend. After nearly four years of steadily declining, the token finally broke out of a massive descending wedge—a pattern that often signals the start of a lasting reversal.

Currently, ICP is trading around $9.64, a significant jump from the $2–$3 range where it lingered throughout most of 2023 and early 2024. This breakout has shattered the bearish pattern that dominated the chart since ICP’s $700 peak back in 2021.

With momentum building and trading volume surging, the market’s next focus is clear: $16. This key Fibonacci level represents the first serious resistance on the way up. A clean break above this zone could pave the way toward further targets of $24 and $31—levels that historically trigger stronger momentum and renewed retail interest.

In past cycles, breakouts from patterns like this have often led to explosive follow-through, catching many late traders off guard. What sets this rally apart is its solid foundation. ICP has spent more than three years building a base, quietly accumulating strength while sentiment was at rock bottom. Now, institutional interest is starting to surface, and confidence in the project’s long-term vision is returning.

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### ICP Derivatives Data Is Positive Amid 35% Jump in Open Interest

Futures data reveals a sharp increase in open interest, climbing alongside ICP’s explosive price surge. This rise tells a clear story: traders are piling in, and conviction behind the move is strengthening daily.

Over the past few weeks, ICP has rocketed from around $4 to nearly $10, performing one of the fastest rallies in the market this year. Open interest—which tracks the total value of active futures contracts—has soared to its highest levels in months. Typically, this kind of spike signals fresh capital entering the market and suggests traders are positioning for more upside.

Earlier in the year, similar bursts in open interest preceded quick corrections. However, this time, the setup appears steadier. The climb in both price and open interest has been gradual and supported by solid volume and real demand rather than short-term squeezes.

If this momentum continues, the next key zone lies between $16 and $18. This level may decide whether ICP cools off or pushes higher. A clean break above this range could open the door to $24—a major Fibonacci level and psychological milestone that’s probably on every trader’s radar right now.
https://bitcoinethereumnews.com/crypto/crypto-news-expert-targets-16-in-icp-price-prediction-amidst-214-breakout/