Bitcoin price gains bullish support as the BTC token soars to the $104,050 level. Experts claim that the spot Bitcoin ETF approval is a major contributor to this massive price ascent.
Dogecoin (DOGE) tumbles down in this session while investors find solace in IntelMarkets’ AI-driven platform. The emerging AI marvel is all the buzz in the DeFi space with a staggering presale raise of over $7 million.
BTC News: Bitcoin Price To See A New All-Time High Soon!
According to the technical analysis, Bitcoin’s prediction for today is highly bullish. BTC is currently trading around $104,050, having recently broken through the critical resistance level of $104,000. Experts claim that $125,000 is the next target for Bitcoin price.
BTC News suggests a continuation of the upward trend that began after a recent pullback to approximately $89,000, where BTC tested EMA 50 and bounced back up.
Bitcoin price is now targeting the next major resistance at $105,000. This level has been a formidable barrier in the past and could challenge further upward momentum. Should Bitcoin price overcome this resistance, it may aim for new all-time highs in the $110,000 to $115,000 range, driven by historical patterns and psychological levels, as BTC news suggests.
On the downside, $100,000, which was a significant resistance before the breakout, now acts as a short-term support level. BTC news claims that if BTC dips below this mark, the next support level is around $95,000, where the Bitcoin price consolidated before its recent rally. A more substantial decline could see Bitcoin price testing crucial support at $90,000 again.
The bullish sentiment is reinforced by BTC’s current position above key moving averages, which traditionally indicates a strong upward trend as per the BTC news. Additionally, the surge in trading volume accompanying the breakout above $100,000 highlights significant buyer interest, further supporting the bullish case.
Dogecoin (DOGE) Struggles To Hold Support Amid Market Decline
Dogecoin (DOGE) has witnessed a major setback over the last week as meme coin’s value plummeted over 21%. The Dogecoin (DOGE) dipped below the 200 EMA line on the 4-hour chart after reaching a high of $0.43434 over the past seven days.
As of right now, Dogecoin (DOGE) price is trading at $0.34066. The decline has also broken through the 50% Fibonacci level at $0.35321, which means that the price may drop even lower.
However, analysts have noted a potential reversal at the current levels. The RSI at the 4-hour time frame has a minor bullish divergence at the oversold area. The lower price rejections in the recent bearish candles also point to the fact that buyers are trying to take on the selling pressure. The first major support level for Dogecoin (DOGE) price is at $0.3303, which is the 38.20% Fibonacci retracement level.
Interestingly, whale activity has increased on the Dogecoin (DOGE) network, with 588 transactions totaling over $1 million in the past day. Such activity may indicate an increase in institutional investor interest, which could boost price levels in the short term.
IntelMarkets: A Potential Contender Against Bearish Trends
IntelMarkets is emerging as a potential contender that could outshine other altcoins with its advanced AI-driven technology. Particularly in critical conditions where the whole crypto market is going through significant fluctuations, this platform could surpass others with its unique value propositions.
For instance, its self-learning AI agents could conduct a real-time market data analysis and provide predictive insights. Traders can use these insights to enhance trading strategies and take their trading game to the next level.
To avoid potential losses in the crypto market, it is important to make quick decisions. Therefore, IntelMarkets utilizes NVIDIA-Driven Scalability in its platform, employing H200 GPUs for ultra-fast processing, which allows users to execute trades without any lag. It could also enable them to react quickly to market shifts and make informed decisions.
The platform also utilizes an Intell-Array Monitoring System that could provide up-to-date and comprehensive real-time insights. This broad data coverage system will keep the investors informed about market trends and sentiment changes.
These incredible features are drawing significant attention from investors toward IntelMarkets. It has already surpassed 100k holders and has gathered more than $7 million in funding in its presale. Hence, all of these indicators signal the potentially strong prospect of IntelMarkets.
Discover More About Intel Markets:
- Presale: https://intelmarkets.io/
- Buy Presale: https://buy.intelmarkets.io/
- Telegram: https://t.me/IntelMarketsOfficial
- Twitter: https://x.com/intel_markets
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.