Charts and onchain data suggest that SOL might have bottomed at $130. Should traders anticipate a rally back to $200? 🔗 Source 💡 DMK Insight SOL’s recent bottom at $130 could signal a buying opportunity for traders looking for upside potential. With SOL currently at $136.48, the market appears to be positioning itself for a potential rally. If this momentum continues, traders should keep an eye on the $150 resistance level, which could be a critical point for further gains. A breakout above this level might confirm bullish sentiment, pushing SOL closer to the $200 mark. However, it’s worth noting that if SOL fails to hold above $130, we could see a retest of lower levels, which would shift the sentiment back to bearish. Monitoring volume and market sentiment will be key in the coming days, especially as we approach the weekend, a time when volatility often spikes. Traders should also consider the broader crypto market trends, as SOL’s movement could influence or be influenced by major players like ETH and BTC. Keep an eye on their price action as well, as correlations can provide additional context for SOL’s trajectory. 📮 Takeaway Watch for SOL to break above $150 for a potential rally towards $200; failure to hold $130 could signal a bearish reversal.
$90K Bitcoin price is a ‘close your eyes and bid’ opportunity: Analyst
Bitcoin’s current correction is the largest of the bull market, but data indicate that the price is approaching prime capitulation territory. 🔗 Source 💡 DMK Insight Bitcoin’s current correction is significant, but here’s why it could signal a buying opportunity: With the price nearing capitulation territory, traders should be on high alert. Historically, such corrections often precede a rebound, especially in bull markets. If Bitcoin’s price stabilizes around key support levels, it could attract both retail and institutional buyers looking to capitalize on lower entry points. Watch for volume spikes as a potential indicator of renewed interest. If the price holds above recent lows, it may set the stage for a recovery rally. However, it’s worth noting that corrections of this magnitude can also lead to further volatility. Traders should be cautious of false breakouts and keep an eye on broader market sentiment. The crypto space is still sensitive to macroeconomic factors, so any shifts in interest rates or regulatory news could impact Bitcoin’s trajectory. Keep an eye on the $30,000 level as a critical support point; a break below could trigger more selling pressure. 📮 Takeaway Watch for Bitcoin’s price around $30,000; a bounce could signal a buying opportunity, but a break below may lead to increased selling pressure.
10-year Bitcoin model approves buying BTC at $100K since time does ‘the heavy lifting’
A new Bitcoin model shows long-term returns remain in the 300% range regardless of an investor’s entry price. Will shifting global liquidity change the outcome this time? 🔗 Source 💡 DMK Insight A new Bitcoin model suggests long-term returns could stay around 300%, but global liquidity shifts might alter this narrative. For traders, this raises critical questions about timing and market conditions. If liquidity tightens, we could see volatility spike, impacting short-term positions. Historically, Bitcoin has shown resilience, but external factors like interest rates and geopolitical tensions can create unpredictable swings. Keep an eye on liquidity indicators and macroeconomic trends, as they could dictate whether those long-term returns materialize or falter. The flip side is that if liquidity remains abundant, we might see a sustained rally, pushing Bitcoin to new highs. Watch for key resistance levels around previous highs, as breaking through could trigger a new wave of buying. In the short term, monitor the impact of any significant liquidity changes on Bitcoin’s price action, especially in the coming weeks as economic data rolls out. 📮 Takeaway Watch liquidity trends closely; a tightening could disrupt Bitcoin’s potential 300% returns, while abundant liquidity might fuel new highs.
Price predictions 11/19: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE, BCH, ZEC
Bulls are struggling to hold Bitcoin price above $90,000, but BTC and altcoin charts suggest new yearly lows are the most likely outcome for cryptocurrencies in the short term. 🔗 Source 💡 DMK Insight Bitcoin’s battle to stay above $90,000 is crucial right now, and here’s why: With BTC currently at $91,237, the inability to maintain this level signals potential bearish momentum. If bulls can’t reclaim strength, we could see a drop toward yearly lows, which would likely drag altcoins down with them. This isn’t just a Bitcoin issue; the broader crypto market often follows BTC’s lead. Watch for key support around $85,000—if that breaks, expect panic selling to kick in, especially from retail traders who might be over-leveraged. On the flip side, if Bitcoin manages to hold above $90,000 and shows signs of recovery, it could trigger a short squeeze, leading to a rapid price rebound. Keep an eye on trading volumes and sentiment indicators; a spike in volume could signal a reversal. For now, the immediate focus should be on how BTC reacts in the next few days, as that will set the tone for altcoins and the overall market sentiment. 📮 Takeaway Watch for Bitcoin to hold above $90,000; a drop below $85,000 could signal further bearish pressure across the crypto market.
Bearish Bitcoin signal fires, raising chance for a 77% price drop
A bearish signal from Bitcoin’s SuperTrend indicator projected a major decline, which could be reinforced by the Crypto Fear and Greed index registering “extreme fear.” 🔗 Source 💡 DMK Insight Bitcoin’s SuperTrend indicator flashing bearish is a big deal right now. With the Crypto Fear and Greed index showing ‘extreme fear,’ traders need to be cautious. This combination often signals a potential downturn, especially if Bitcoin starts breaking below key support levels. If we see a decline, it could trigger stop-loss orders and exacerbate selling pressure. Watch for the $25,000 mark—if it breaks, we might see a cascade effect across the crypto market, impacting altcoins as well. On the flip side, extreme fear can also set the stage for a rebound if buyers step in at lower levels. But right now, the sentiment is leaning heavily bearish, and it’s worth monitoring how institutional players react. Keep an eye on volume trends; a spike in selling could confirm the bearish outlook. Be prepared for volatility in the coming days as traders react to these signals. 📮 Takeaway Watch Bitcoin closely around the $25,000 level; a break could trigger significant selling pressure across the market.
XRP price at risk of a 25% drop to $1.55: Here is why
XRP ledger activity has slumped over the past four months, increasing the downside prospects for XRP price to drop to $1.55. 🔗 Source 💡 DMK Insight XRP’s recent slump in ledger activity is a red flag for traders: With XRP currently at $2.10, the drop in network transactions suggests waning interest, which could push prices down to $1.55. This decline in activity isn’t just a blip; it reflects broader market sentiment and could signal a shift in investor confidence. If XRP fails to maintain support around $2.00, we could see a cascade effect, impacting not just XRP but also related assets like altcoins that often follow its lead. Traders should keep an eye on the $1.55 level as a critical support point. A breach below this could trigger further selling pressure, especially from retail investors who might panic. On the flip side, if ledger activity picks up, it could provide a much-needed boost, but for now, the trend is concerning. Watch for any news or developments that might influence trading volume, as that could be a key indicator of where XRP is headed next. 📮 Takeaway Monitor XRP closely; a drop below $2.00 could lead to a swift decline towards $1.55, signaling potential panic selling.
Bitcoin futures traders refuse to capitulate even as BTC price drop to $89K
Bitcoin derivatives remain stable despite BTC revisiting the $89,000 level. Is the futures market’s resilience an early hint that traders expect a price reversal? 🔗 Source 💡 DMK Insight Bitcoin’s recent dip to $89,000 is raising eyebrows, but the stability in derivatives suggests traders might be anticipating a bounce back. The futures market’s resilience indicates that many are holding firm on their bullish outlook, which could mean we’re at a critical juncture. If BTC can reclaim the $91,000 mark, we might see a surge in buying pressure, potentially pushing prices higher. Conversely, if it fails to hold above $89,000, we could see a wave of sell-offs, especially from short-term traders looking to cut losses. Keep an eye on the open interest in futures; a spike could signal a shift in sentiment. Here’s the thing: while mainstream narratives focus on the immediate price action, the underlying strength in derivatives could be a sign that seasoned traders are positioning for a longer-term rally. Watch for any significant volume changes around these levels, as they could provide clues on the market’s next move. 📮 Takeaway Monitor BTC’s ability to hold above $89,000; a reclaim of $91,000 could trigger bullish momentum, while failure may lead to increased selling pressure.
TD Cowen Says Strategy's Bitcoin-Buying Engine Remains Intact Despite Market Volatility
TD Cowen kept its $535 target, citing strong preferred-share demand and rising Bitcoin per share despite a narrowing NAV premium. 🔗 Source 💡 DMK Insight TD Cowen’s $535 target reflects solid demand for preferred shares, but here’s the catch: rising Bitcoin per share isn’t enough to offset the narrowing NAV premium. For traders, this situation signals a potential divergence between asset performance and market valuation. The narrowing NAV premium could indicate that investors are becoming cautious, possibly anticipating a correction or a slowdown in Bitcoin’s momentum. If Bitcoin’s price continues to rise, it might not translate into the same enthusiasm for preferred shares, which could lead to volatility in this segment. Keep an eye on the $535 target as a resistance level; a breakout above could signal renewed bullish sentiment, while a failure to hold could prompt profit-taking. Also, watch for Bitcoin’s price action closely—if it starts to falter, it could drag down the preferred shares as well. The key here is to monitor the correlation between Bitcoin’s performance and the NAV premium closely, as any significant shifts could create trading opportunities or risks. 📮 Takeaway Watch the $535 target closely; a breakout could signal bullish momentum, but a drop in Bitcoin’s price may lead to preferred share volatility.
Two Technical Signals Hinting at a Bitcoin Bear Market
Bitcoin’s bear market outlook firms as 80% of key on-chain metrics flash red, with derivatives and options traders betting on more downside. 🔗 Source
Bitcoin Drops to Seven-Month Low Under $90K
Bitcoin ETFs have bled hundreds of millions as the market outlook deteriorates, driven by profit-taking and portfolio rebalancing. 🔗 Source 💡 DMK Insight Bitcoin ETFs losing hundreds of millions signals a shift in market sentiment that traders can’t ignore. The recent outflows are largely due to profit-taking and portfolio rebalancing, which often precedes a bearish trend. This behavior suggests that institutional investors might be anticipating further declines, potentially leading to increased volatility in the crypto space. If Bitcoin’s price continues to falter, we could see a cascading effect on altcoins, particularly those closely tied to Bitcoin’s performance. Traders should keep an eye on key support levels to gauge potential entry points or exit strategies. But here’s the flip side: if Bitcoin manages to hold above critical support levels, it could attract dip-buyers looking for a bargain. Watch for the $30,000 mark as a pivotal level; a bounce here could signal a reversal, while a break below could trigger further sell-offs. Keep an eye on trading volumes as well—higher volumes on down days could indicate stronger selling pressure, while a volume spike on a rebound could suggest renewed interest. 📮 Takeaway Monitor Bitcoin’s $30,000 support level closely; a break could lead to further declines, while a bounce might attract buyers.