The asset has formed a total of three waves on the weekly timeframe and recently made a retest at the 740B level. It is likely to form a double bottom pattern here, with the RSI trendline indicating a clear bullish divergence. This suggests a potential bounce from this point, and based on these indicators, the next move is expected to propel the price to the 1.5...
Bitcoin has swept the lower-end liquidity and the market has since cooled. Now, BTC is likely to bounce off the $100,000 support level, which was previously a resistance. Alternatively, it may form a small double bottom here before bouncing towards the $110,000 range, with the next target around the $111,500 area.
$ETH/BTC has formed a clear bullish structure, with consistent higher lows and distinct bullish divergences. Now, we're awaiting a breakout, and once it occurs, we expect significant returns with ETH.
Looking at the CRYPTOCAP:BTC 4-hour time frame, if the RSI bounces from the oversold region and forms a bullish divergence, there’s a higher likelihood of a retest of the $104,500 area before price revisits the major support zone between $90,000 and $85,000. In the second scenario, if a new all-time high (ATH) is broken, the trend will likely continue upward....