Bitcoin

<ul><li>Bitcoin&#39;s surge prompts caution as indicators suggest potential correction, urging traders to remain vigilant.</li><li>Analyst Crypto-ROD emphasizes cautious approach, advising profit-taking on long positions amidst looming top.</li><li>Intraday Elliott Wave analysis hints at nearing top, urging traders to await definitive setups for short positions.</li></ul>Bitcoin (<a href="https://cryptotale.org/egrag-cryptos-bitcoin-outlook-btc-200k-is-programmed/" rel="noopener noreferrer nofollow">BTC</a>) traders are closely monitoring the market as indicators suggest a potential price correction amidst a surge in trading volume. According to analysis provided by prominent crypto analyst Crypto-ROD, BTC&#39;s recent price action indicates a possible retest of key levels, with attention drawn to both long and short positions.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/70dfb1733e5343c29ce84da23fe42436.png" />As per the latest update, Bitcoin&#39;s price has surged to <a href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer nofollow">$63,145.31</a>, marking a notable 24-hour trading volume of $93,568,029,307. This surge has pushed Bitcoin&#39;s market cap to $1,240,213,813,285, with a circulating supply of 19,640,631 BTC coins. However, traders are cautioned as the Relative Strength Index (RSI) on the 4-hour chart signals overbought conditions, suggesting a potential upcoming correction.<a href="https://cryptotale.org/bitcoin-price-correction-looms-amidst-surge-analysts-alert/" rel="noopener noreferrer nofollow">Read full article at CryptoTale.</a>

Bitcoin Price Correction Looms Amidst Surge: Analyst’s Alert

CryptoTale

Other articles published on Feb 29, 2024

BENQI Crypto Analysis: BEN Price Overview and Future Prospects

Hedge fund LedgerPrime rebrands post-FTX bankruptcy

Ripple’s John Deaton Challenges Elizabeth Warren For Senate Seat; Here’s His Pitch

IOTA Commits $10M to Advance Solutions in TradeTech and Tokenization Ecosystem

Crypto Daily Roundup,29 Feb: Market Rally Maintains Momentum

First-ever ICO on Bitcoin excels as Marathon Digital reveals new layer-2 network

Join our free newsletter for daily crypto updates!