Chiliz

Bitcoin

Show

Coin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-clings-to-crucial-mark-as-altcoins-show-mixed-movements" rel="noopener noreferrer nofollow">Bitcoin Clings to Crucial Mark as Altcoins Show Mixed Movements</a><br></p>
<p style="text-align: justify"><a href="https://en.bitcoinhaber.net/bitcoins-surge-sparks-extreme-greed-in-crypto-market-sentiment" rel="noopener noreferrer nofollow">Bitcoin</a> remains steadfast above the critical threshold of $51,800, despite surrendering the $52,300 level during a period marked by adverse economic indicators. With market conditions remaining volatile, investors have begun shifting away from altcoins to mitigate risk. Yet, there’s a discernible pattern hinting at a potential uptrend for Bitcoin’s value in the foreseeable future. Questions arise about the dollar projections for CEEK and CHZ Coin.</p>
<h2 id="bitcoin-s-potential-uptrend">Bitcoin’s Potential Uptrend</h2>
<p style="text-align: justify">Analysis of Bitcoin’s weekly trends indicates the possibility of it achieving record highs. While long-term forecasts can entail comprehensive corrections, they have historically aided in reaching anticipated prices.</p>
<p style="text-align: justify">Should projections hold true, Bitcoin might revisit its November 2021 peak of $69,000. To truly mark a significant rally, the currency would need to surge past this point. A breakout above this ceiling would signal a likely new all-time high. Additionally, with the RSI in the overbought territory, surpassing 80 would lend credence to the bullish pattern.</p>
<p style="text-align: justify">Renowned crypto analyst Aksel Kibar has identified a rising parallel channel in Bitcoin’s chart, supporting a consistent ascent. A breach of this channel might push prices towards $65,000, a threshold already within Bitcoin’s grasp.</p>
<h2 id="chiliz-coin-holds-promising-trajectory">Chiliz Coin Holds Promising Trajectory</h2>
<p style="text-align: justify">Chiliz Coin, after breaking the resistance of its parallel channel, has reached the $0.112 mark, meeting an initially set target. A sustained closure above $0.116 could initiate a climb to $0.14, influenced by the impending close of the league season. Nevertheless, dipping below $0.106 might trigger a descent to lower support levels.</p>
<h2 id="ceek-coin-shows-muted-response-amid-volatility">CEEK Coin Shows Muted Response Amid Volatility</h2>
<p style="text-align: justify">While other altcoins experience significant movements, CEEK Coin’s activity remains relatively subdued. Short-term, a rise above $0.053 may open the path to higher resistance levels, but the weekend’s typically low trading volume poses a challenge for any upward momentum. Should it begin to fall, dropping below $0.0494 could lead to a retest of the support level within the parallel channel.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/bitcoin-clings-to-crucial-mark-as-altcoins-show-mixed-movements" rel="noopener noreferrer nofollow">Bitcoin Clings to Crucial Mark as Altcoins Show Mixed Movements</a></h5>

Bitcoin Clings to Crucial Mark as Altcoins Show Mixed Movements

Table of Contents

BH NEWS

Other articles published on Feb 17, 2024

Ripple to buy Standard Custody & Trust Company, Polkadot and NuggetRush price rises

Daily News on $APE, $RUNE, $PYTH and Other Cryptos

OpenAI SORA : A Text-to-Video AI After ChatGPT

Mysterious Ethereum wallet holding $34 million ETH expands portfolio with new token priced at $0.12

Worldcoin (WLD) Soars 86% in a Week Amid Sora AI Speculation

Investors Shift From BONK and Shiba Inu (SHIB) to Rebel Satoshi Presale in Expectation of High Re...

Join our free newsletter for daily crypto updates!