Tag Archives: psychological

One Bitcoin Price Level That Decides Everything

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The Bitcoin price has dropped sharply this month. Since early November, it has fallen almost 15%, turning one of the strongest assets of the year into one of the weakest in the current pullback. This significant drop has pushed the market into two camps once again.

Some investors believe this marks the start of a deeper correction, while others think the cycle is still unfolding and view this as merely an oversized dip. The next major move depends on one critical level. If Bitcoin reclaims this level, a rebound setup activates. If it fails, the downside could widen quickly.

### Early Signs of Selling Pressure Easing

There are early indications that sellers might be losing strength. The Relative Strength Index (RSI) entered the oversold zone this week and has since reversed—a signal that selling pressure is easing.

A longer-term pattern also supports this view. Between April 30 and November 14, Bitcoin formed a higher low, indicating the broader trend is not fully broken. However, during the same period, the RSI made a lower low. This hidden bullish divergence is a signal that often appears when a strong trend attempts to resume after a significant correction.

For the RSI signal to play out, Bitcoin’s price must cross above $100,300—a key support level since late April that might now act as psychological resistance.

### Supply Data Supports This Resistance Zone

Supply data points to the same critical area on the chart. The UTXO Realized Price Distribution shows a large band of long-term Bitcoins created near the $100,900 zone. When a cluster like this forms, it often becomes a significant decision point because many holders share the same cost basis.

This cost-basis cluster falls near the resistance level highlighted on the RSI chart. Therefore, the momentum story only matters if Bitcoin closes back above this region. Without that close, the divergence and oversold readings remain unconfirmed.

### A One-Year Low in NUPL Keeps the Bottoming Case Alive

Another argument for a potential rebound comes from the Net Unrealized Profit/Loss (NUPL) metric. NUPL has dropped to 0.40—its lowest reading in a year. This means the market is back to holding very thin unrealized profits, similar to early-cycle periods.

The last time NUPL hit a comparable low was in April. After that, Bitcoin climbed roughly 46% in less than two months. While this doesn’t guarantee a repeat, it shows the market is entering a familiar pressure zone where rebounds often form if the price stabilizes.

However, just like the RSI, this indicator depends on the price reclaiming the same resistance band. Without that, the Bitcoin bottoming theory remains open but inactive.

### Bitcoin Price Trades in a Falling Channel With Two Critical Levels in Sight

Currently, Bitcoin remains within a falling channel, maintaining a bearish short-term trend. The first step out of this channel is straightforward: reclaim $100,300.

A daily close above $101,600 would strengthen this move and flip the old resistance back into support. If that happens, the next significant level lies near $106,300. Breaking above $106,300 would push Bitcoin out of the falling channel, shifting the trend from bearish to neutral—and potentially bullish if momentum improves.

### Downside Risks to Watch

On the downside, the lower band of the channel has only two clean touches, making it structurally weak. If Bitcoin falls below the $93,900-$92,800 range, the pattern opens to deeper levels, and the “extended cycle” bearish view becomes harder to defend.

### Conclusion: A Critical Decision Point

Right now, everything rests on one key decision point:

– **Above $100,300**: Bitcoin’s price stabilizes, setting the stage for a potential rebound.
– **Below $93,900**: The slide could accelerate, and bearish pressures may intensify.

Traders and investors will be watching these levels closely as Bitcoin navigates this crucial phase.
https://bitcoinethereumnews.com/bitcoin/one-bitcoin-price-level-that-decides-everything/

Red alert: Ethereum price is slowly forming a risky pattern

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**Ethereum Price Remains Under Pressure as Sentiment Wanes**

Ethereum (ETH) has remained on edge over the past few months. After surging to a year-to-date high of $4,945 in August, its price has pulled back sharply to the current level of $3,412. Much of this decline comes as overall sentiment in the crypto industry has weakened, with the Crypto Fear and Greed Index dropping into the “fear” zone at 25.

Investor caution has led to a continued reduction in ETH positions, as reflected by recent market data. Notably, inflows into Ethereum ETFs have slowed considerably—a clear sign that demand is waning following a major liquidation event in October. Spot Ethereum ETFs shed over $507 million last week, after adding $15.7 million the week before. In fact, there have now been net outflows for three consecutive weeks, with cumulative net outflows decreasing from nearly $15 billion earlier this year to $13.86 billion.

Ethereum’s price has also tumbled as investors have cut back on leverage. Futures open interest—a key indicator of leveraged positions—has slid dramatically, dropping from a peak of $70 billion in August to just $39 billion today. This weakness in the futures market is notable, as futures trading remains one of the most active segments in crypto. Volume in the spot market has also continued to decline over the same period, further underscoring waning investor enthusiasm.

The situation is compounded by trouble among Ethereum treasury companies. Major ETH holdings companies like BitMine, SharpLink, and ETHZilla have seen their stock prices plunge recently. ETHZilla, notably, has even sold some of its Ethereum holdings to fund share buybacks. With NAV multiples falling, there is growing risk that these companies may slow ETH purchases—or even sell additional tokens—in the coming weeks.

**Technical Analysis Signals Further Downside Ahead**

From a technical perspective, Ethereum may be poised for further declines. The coin looks set to form a “death cross” pattern, as the spread between the 50-day and 200-day Weighted Moving Averages narrows. ETH is also in the process of forming a bearish pennant pattern, characterized by a sharp drop followed by a symmetrical triangle consolidation.

Another bearish signal: ETH has dropped below the 38.2% Fibonacci Retracement level, suggesting that support is weakening. If selling pressure continues, Ethereum will likely break down to the 50% retracement point near $3,100, with the key psychological support at $3,000 potentially coming into play.

**Conclusion**

With sentiment deteriorating, demand slowing across ETFs and futures markets, and technical signals turning more negative, Ethereum price faces significant headwinds. Investors should closely monitor these developments, as a decisive move below key support levels could accelerate the current downtrend.
https://crypto.news/red-alert-ethereum-price-is-slowly-forming-a-risky-pattern/

Crypto Market Prediction: Ethereum (ETH) Lost the Price Battle, XRP Time-Traveled to 2024, Is Dogecoin (DOGE) Aiming at $0.20 Recovery?

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Liquidity remains quite thin in the cryptocurrency market. The absence of a premium from the U.S. suggests a lack of institutional inflows, which clearly impacts the largest assets like Ethereum and XRP. However, this lack of movement also translates into the performance of smaller caps such as Dogecoin.

### Ethereum Loses Momentum

One thing is clear from Ethereum’s recent price action: the asset has lost the momentum battle it was fervently trying to win. ETH is currently trading around $3,230, down approximately 2.3% on the day and well below crucial resistance levels that had previously offered hope for a recovery after several unsuccessful attempts to regain higher ground.

Earlier this month, Ethereum briefly tested the $3,600 to $3,800 range but failed to maintain upward pressure. Instead, it rolled over amid heavy selling volume. The 200-day EMA (black line) at about $3,600, which previously supported recovery attempts, has now turned into a resistance level.

The daily chart shows a declining structure marked by a series of lower highs and waning buying interest, confirming an overall bearish shift in sentiment. Volume spikes on red candles further raise concerns, indicating sellers remain in control.

With no significant accumulation signals in the market, the Relative Strength Index (RSI) hovering around 31 suggests ETH is nearing oversold territory. Though a brief respite may occur, reversing the current downtrend seems unlikely without an improvement in general market conditions.

From a technical standpoint, $3,000 is the next key support level, followed by a psychological barrier at $2,800. Failure to hold these levels increases the likelihood of a drop to $2,500, which would wipe out most of the midyear rally gains.

In summary, Ethereum’s price action has clearly shifted away from the bulls. While the asset may be oversold, “cheap” does not always mean ready for recovery. Without fresh demand, ETH remains vulnerable to further downside—a sobering reminder that momentum, once lost, is difficult to regain.

### XRP is Back, but Not Really

XRP’s price movement over the past week feels like a trip back in time. The token is currently trading around $2.18, a level last seen in December 2024 or early 2025, effectively erasing months of progress. XRP has returned to the price range that served as the foundation for its previous bull run.

There is important context behind this decline. A rising wedge formation—a bearish continuation pattern signaling more downside ahead—has clearly broken down on the chart. Recent recovery attempts have been capped by the 200-day EMA, which once provided strong support but now acts as firm resistance between $2.50 and $2.60.

Meanwhile, the 20-day, 50-day, and 100-day moving averages are all sloping downward, reflecting persistent selling pressure. This bearish tone is reinforced by spikes in volume on red candles, suggesting major market participants continue to offload their positions.

Although the RSI at 36 indicates XRP is nearing oversold territory, this does not guarantee an impending rebound. Momentum remains weak, and no distinct demand zone has formed below current levels.

Previously, this area marked the starting point for XRP’s significant rally in late 2024. However, present conditions differ: investor confidence has waned, market liquidity has diminished, and Ripple’s network metrics—especially transaction volume and active payments—have cooled.

If the bearish pattern persists, XRP may retest support levels at $2.00 or even $1.80 in the weeks ahead. Given how oversold the token is becoming, a bounce is possible, but overall sentiment mirrors late 2024’s stagnation, suggesting XRP may need to revisit its past before mounting a significant comeback.

### Is Dogecoin Stuck?

For investors, Dogecoin’s recent performance paints a cautiously optimistic picture amid broader market weakness. After a severe correction that pulled it down from the $0.22 zone in late October, DOGE is now trading near $0.161.

The price is currently consolidating close to short-term support levels as the market searches for stability. All major moving averages—the 50-day, 100-day, and 200-day EMAs—are trending lower on the daily chart, signaling that Dogecoin remains in a downtrend.

To break out of this slump, bulls will need to generate significant momentum to overcome resistance in the $0.18 to $0.20 range, where these EMAs create a ceiling.

That said, DOGE is approaching oversold conditions, often a precursor to short-term rebounds, with the RSI hovering around 38. The recent sell-off may have absorbed much of the immediate selling pressure from a structural perspective.

Evidence of some accumulation is suggested by increased trading volume around $0.16, possibly from traders anticipating a relief rally. If buying strength picks up, the psychological $0.20 level could be the next upside target.

However, it is important to remember that Dogecoin’s recovery potential largely depends on the overall market mood and liquidity flows into major assets like Bitcoin and Ethereum.

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In conclusion, liquidity constraints and lack of institutional demand continue to weigh down the cryptocurrency market. Ethereum and XRP face significant resistance and bearish structures, while Dogecoin’s outlook remains cautious but with some signs of potential stabilization. Market participants will be closely watching for shifts in momentum and broader market conditions to gauge the next moves in these digital assets.
https://bitcoinethereumnews.com/ethereum/crypto-market-prediction-ethereum-eth-lost-the-price-battle-xrp-time-traveled-to-2024-is-dogecoin-doge-aiming-at-0-20-recovery/

Boomer Esiason offers Giants’ Graham Gano advice as he faces ugly ‘sewer pit’ of hate

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Graham Gano peeled back the curtain on an imperfect storm—an ugly storm fueled by social media and the proliferation and explosion of gambling wholeheartedly embraced by professional sports leagues, alongside the fortune and fame available to athletes.

WFAN’s Boomer Esiason summed up perfectly what athletes like Graham Gano are enduring: “The psychological minefield of hell.”

Esiason, who grew up on Long Island, took the Bengals to a Super Bowl before returning home to play for the Jets from 1993 to 1995. Despite his accomplishments, it did not spare him from these challenges.
https://nypost.com/2025/11/07/sports/boomer-esiason-offers-giants-graham-gano-advice/

Eyes fresh six-month highs near 1.4150 within overbought zone

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USD/CAD continues its winning streak for the seventh consecutive day, trading around 1.4120 during the European hours on Friday. The technical analysis of the daily chart indicates a prevailing bullish bias, with the pair remaining within the ascending channel pattern.

The short-term price momentum is strengthening as the pair rises above the nine-day Exponential Moving Average (EMA). However, the 14-day Relative Strength Index (RSI) is positioned at the 70 level, suggesting a strong bullish bias but also signaling that the pair lies within overbought territory. This raises the possibility of a near-term downward correction.

The USD/CAD pair may test the fresh seven-month high of 1.4140, reached on November 5. A break above this level would pave the way for the pair to explore the area around the upper boundary of the ascending channel at 1.4230.

On the downside, the primary support lies at the psychological level of 1.4100, followed by the nine-day EMA at 1.4067. Further declines below this level could dampen short-term price momentum and prompt the USD/CAD pair to test the 50-day EMA at 1.3954, followed by the ascending channel’s lower boundary around 1.3940.
https://bitcoinethereumnews.com/finance/eyes-fresh-six-month-highs-near-1-4150-within-overbought-zone/

Analyst Says Dogecoin Price Is About To Burst, Here’s The Target

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Crypto Analyst Predicts Massive Rally for Dogecoin (DOGE) Price

Crypto analyst Butterfly has provided a bullish outlook for Dogecoin (DOGE), predicting that the popular meme coin could soon experience a massive rally. This forecast comes as the broader crypto market attempts to rebound from its recent downtrend, leaving DOGE trading well below the psychological $0.20 level.

**Analyst Declares Dogecoin Price Is About to Burst**

In a post on X, Butterfly urged DOGE holders to stay alert, suggesting that the Dogecoin price could “burst” from its current price level. The analyst highlighted that DOGE is currently facing the lower boundary of a symmetrical triangle on the 3-day chart. According to Butterfly, this zone acts as a strong support floor for price action, and bullish pressure is mounting quickly.

Butterfly’s accompanying chart indicates that Dogecoin could bounce off the $0.165 support level, potentially rallying to as high as $0.48. Notably, this price point marked a local high for DOGE last year after a similar rally from its current range. The analyst expects that DOGE could reach this level by year-end or early next year.

**Crypto Market Rebound Fuels Optimism**

This bullish Dogecoin price prediction comes as the crypto market rebounds from a recent crash. During the downturn, Bitcoin dropped below $100,000 (correction: Bitcoin’s all-time high is far below this figure; the intended sense is a sharp decline, but not to these levels), dragging DOGE and other altcoins down. With BTC now back above $100,000 (correction as above), DOGE aims to reclaim the important $0.20 level, which could trigger a larger market recovery.

Crypto analyst Ali Martinez also believes the bottom is in for Dogecoin following the recent market correction. In an X post, Martinez revealed that the TD Sequential indicator has flashed a buy signal on DOGE, suggesting the local bottom may be established.

**DOGE’s Bull Run Could Start Soon**

Analyst Chandler suggests that DOGE’s next bull run may be imminent. He notes that the biggest bull runs are typically preceded by the TOTAL3/Total index rallying upward, followed by a sharp drop and a V-shaped recovery—this is when Dogecoin price typically peaks. Chandler observes that TOTAL3/TOTAL appears to be resuming its uptrend, a signal that DOGE could soon rally.

Analyst Ether also reassures that Dogecoin’s bullish structure remains intact despite recent pullbacks. He emphasizes that every Dogecoin cycle looks chaotic up close but is perfectly structured from a distance, maintaining confidence in the ongoing pattern. Previously, Ether predicted that Dogecoin could rally to the psychological $1 level, marking a new all-time high for the meme coin.

**Current DOGE Price**

At the time of writing, Dogecoin is trading at around $0.16, down in the last 24 hours, according to data from CoinMarketCap.

*Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making investment decisions.*
https://bitcoinethereumnews.com/tech/analyst-says-dogecoin-price-is-about-to-burst-heres-the-target/

Bitwise’s NYSE Listing Update Hints XRP ETF Approval Could Arrive Within 20 Days

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**Bitwise’s NYSE Listing Update Hints XRP ETF Approval Could Arrive Within 20 Days**

Bitwise, the $15 billion asset management giant, is one step closer to launching its XRP ETF, signaling that the approval could become a reality soon. On October 31, Bitwise submitted Amendment No. 4 to its XRP ETF filing with the U.S. Securities and Exchange Commission (SEC), revealing two crucial updates that experts believe usually indicate the final step before approval.

### Key Updates in Bitwise’s Filing

The latest amendment to Bitwise’s S-1 form discloses two important details:
– The listing venue will be the New York Stock Exchange (NYSE)
– The management fee for the ETF will be set at 0.34%

Eric Balchunas, senior ETF analyst at Bloomberg, commented on the significance of these changes, stating, “Adding the NYSE and fee means Bitwise has checked nearly all boxes.” Historically, when issuers include exchange and fee details in their S-1 filings, it typically signals that they are awaiting the final green light from the SEC.

### XRP ETF Could Launch Within 20 Days

Following the announcement, ETF expert James Seyffart from Bloomberg Intelligence provided additional context. He pointed out that Bitwise’s latest filing contains “shorter language” that could allow the XRP ETF to go live within just 20 days, pending SEC approval.

Seyffart also noted that Bitwise is not alone in this race. Other major players like VanEck, Fidelity, and Canary Funds have updated their filings, indicating a rapidly intensifying competition to launch the first XRP ETF.

Meanwhile, Crypto America host Eleanor Terrett revealed that Canary Funds removed the “delaying amendment” from its S-1 filing, which had previously given the SEC control over the timing. This change positions Canary’s XRP ETF for a potential launch date of November 13, provided the Nasdaq approves its 8-A filing.

### Potential Impact on XRP Price

Following these latest XRP ETF updates, XRP’s price experienced a modest increase, trading around $2.51 — a sign of growing optimism among traders.

Analysts suggest that approval of the XRP ETF would mark the first-ever U.S. spot ETF for XRP, a historic milestone likely to boost the token’s momentum. Currently, XRP faces strong resistance near the $2.75 level. A successful breakout above this point could pave the way for testing the $3 psychological mark.

However, if selling pressure persists, XRP could see a correction of up to 19%, potentially retesting support around the $2 zone within its long-term channel pattern.

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Stay tuned for further updates as the SEC’s decision on the XRP ETF approaches, potentially reshaping the future of XRP’s presence in traditional finance.
https://bitcoinethereumnews.com/tech/bitwises-nyse-listing-update-hints-xrp-etf-approval-could-arrive-within-20-days/?utm_source=rss&utm_medium=rss&utm_campaign=bitwises-nyse-listing-update-hints-xrp-etf-approval-could-arrive-within-20-days

Bitcoin Cash Plunges 8.2% as Federal Rate Cuts Signal Economic Headwinds

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**Quick Take on Bitcoin Cash (BCH)**
– Trading at $467.40 (down 8.2% in 24 hours)
– Federal Reserve rate cuts trigger risk-off sentiment across crypto markets
– Bitcoin Cash testing lower Bollinger Band support at $480.32
– Strong correlation with Bitcoin’s decline amplifies selling pressure

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### Market Events Driving Bitcoin Cash Price Movement

The most significant catalyst pressuring BCH price today is Bitcoin’s sharp decline below critical support levels. This breakdown triggered a market-wide selloff affecting all major altcoins. Bitcoin Cash has closely followed this bearish momentum, with a strong correlation between the two cryptocurrencies during periods of market stress.

Adding to the negative sentiment, the Federal Reserve’s unexpected resumption of rate cuts signals mounting economic concerns, causing investors to flee risk assets. This macroeconomic development has particularly impacted cryptocurrency markets, as digital assets remain sensitive to shifts in monetary policy and overall economic outlook.

Earlier this week, corporate Bitcoin holdings surged to $117 billion, providing some institutional validation for the crypto sector. However, this positive is currently overshadowed by immediate selling pressure driven by Bitcoin’s technical breakdown and broader economic uncertainty.

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### Bitcoin Cash Technical Analysis: Testing Lower Support

#### Price Action Context
Bitcoin Cash price has fallen decisively below all major moving averages. The current level of $467.40 sits well beneath the 7-day Simple Moving Average (SMA) at $517.10 and the 20-day SMA at $556.46. BCH is now trading closer to its 200-day moving average at $482.17—a critical long-term support level that could determine its next major directional move.

Trading volume stands at $52.9 million on Binance spot markets, indicating heightened selling activity, though not at panic levels that would suggest capitulation.

#### Key Technical Indicators
– **RSI (Relative Strength Index):** At 30.92, BCH is entering oversold territory, suggesting the potential for a near-term bounce if broader market conditions stabilize.
– **MACD (Moving Average Convergence Divergence):** Remains deeply bearish at -20.08, with the histogram continuing to decline, indicating persistent downward momentum.
– **Stochastic Oscillator:** At 14.06, confirming the oversold condition.
– **%B Indicator:** At -0.0848, BCH is trading below the lower Bollinger Band, typically a sign of extreme selling pressure.

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### Critical Price Levels for Bitcoin Cash Traders

**Immediate Levels (Next 24-48 hours):**
– **Resistance:** $480.32 (lower Bollinger Band acting as resistance)
– **Support:** $443.20 (24-hour low and key psychological level)

**Breakout/Breakdown Scenarios:**
– A break below $443.20 could trigger additional selling toward the $400 psychological support level.
– Conversely, a recovery above $480 would need to reclaim the lower Bollinger Band to signal potential stabilization, with initial upside targets at $517 (7-day SMA).

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### BCH Correlation Analysis

– **Bitcoin:** A high positive correlation continues, with BCH amplifying Bitcoin’s 24-hour decline.
– **Traditional Markets:** Bitcoin Cash is following broader risk-off sentiment as Federal Reserve policy shifts suggest economic weakness.
– **Sector Peers:** Underperforming relative to some large-cap altcoins but aligned with the overall crypto market direction.

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### Trading Outlook: Bitcoin Cash Near-Term Prospects

**Bullish Case**
Stabilization above the 200-day MA at $482.17, combined with Bitcoin finding support, could spark a relief rally toward the $517-$530 resistance zone. Oversold RSI conditions support the potential for a technical bounce if macro sentiment improves.

**Bearish Case**
Failure to hold $443.20 support amid continued Bitcoin weakness could see BCH price test the $400-$420 range. Fed policy uncertainty and broader economic concerns remain significant headwinds for risk assets.

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### Risk Management Recommendations

Conservative traders should consider stop-loss orders below $440 for long positions, while the high daily Average True Range (ATR) of $34.53 suggests that position sizing should account for continued elevated volatility in the current market environment.

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*Image source: Shutterstock*
https://Blockchain.News/news/20251017-bitcoin-cash-plunges-82-as-federal-rate-cuts-signal-economic