Cardano

Satoshi

Bitcoin

Captain

Read

<p>In the latest analysis by Crypto Capital Venture, the current state and potential future movements of <a href="https://captainaltcoin.com/?s=Bitcoin&amp;post_type=post" target="_blank" rel="noopener noreferrer nofollow">Bitcoin </a>and Cardano were examined.</p>
<p>The analyst shared intriguing patterns and indicators that suggest major market movements may be on the horizon.</p>
<h2 class="wp-block-heading" id="bitcoin-s-mixed-price-action">Bitcoin’s Mixed Price Action</h2>
<p>Bitcoin’s price struggle represents a struggle between buyers and sellers. However, the weekly chart is giving some hope as BTC is seen returning to the top of the Fibonacci bull market zone, a bullish pattern that has been displayed in previous cycles.</p>
<p>The Relative Strength Index (RSI) on the weekly chart has cooled down from overbought levels, currently hovering around 54. This reset to the mid-range area post-halving is reminiscent of previous cycles and could indicate substantial upside potential.</p>
<p>On the daily chart, an inverse head and shoulders pattern is forming, though not yet confirmed. The right shoulder is attempting to form, with a potential neckline of around $72,000.</p>
<p><strong><em>Read more: <a href="https://captainaltcoin.com/polkadots-dot-price-ready-to-fly-to-12-heres-how/" target="_blank" rel="noopener noreferrer nofollow">Polkadot’s DOT Price ‘Ready to Fly’ to $12 – Here’s How</a></em></strong></p>
<p>This formation, if completed, could suggest a $9,000 upside target. However, the battle between bulls and bears is intensifying at key Fibonacci retracement levels and moving averages.</p>
<p>Bitcoin needs to break above its 20-day average price of around $63,600 and its 50-day average price of $66,400 before investors get more confidence about its price going up.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   New Meme Coin to Watch Aiming to be Next $BONK, $WIF or $MEW
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p><strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">Milei Moneda</a></strong> is a new meme coin inspired by the political and economic views of Javier Milei, an Argentine president&nbsp;known for his libertarian and pro-Bitcoin stance. You have an opportunity with the <strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">ongoing low presale price</a></strong> to get in early!</p>
    <p><em>Sponsored</em></p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<h2 class="wp-block-heading" id="cardano-s-potential-rally">Cardano’s Potential Rally</h2>
<p>Cardano (ADA) looks like it might be ready to kick off a rally. ADA has been trading in a tight range since March as seen on the daily chart. But now its price has broken above 20-day average price, and the next important level to watch is the 50-day average price around $0.43.</p>
<p>The weekly chart for <a class="wpil_keyword_link" href="https://captainaltcoin.com/cardano-ada-price-prediction/" title="Cardano" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">Cardano</a> presents even more compelling evidence of a possible surge:</p>
<ol>
 <li>The Stochastic RSI has been oversold since April, a condition that has historically preceded meaningful upward moves.</li>
 <li>The RSI has completely reset from overbought levels in late 2023, suggesting room for upside potential.</li>
 <li>The MACD histogram has been pivoting since April, slowly making its way back up.</li>
</ol>
<p>These technical signs point to the possibility that ADA is about to make a substantial increase, as does Cardano’s track record of shocking investors with unexpected rallies.</p>
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio">
 <div class="wp-block-embed__wrapper"><iframe loading="lazy" title="Bitcoin Bulls Ready for Battle! Cardano Primed for Explosion!" width="840" height="473" src="https://www.youtube.com/embed/DlIdfU4zZ08?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
 </div>
</figure>
<p><em><strong>Captain just hit his first 100x among a lot 2-5xs. Want to be a part of a profitable community?<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/REBEL-SATOSHI-RECQ-MEME-COIN-qndahijqjwle5mml7gg8my30uqig0eo11vxmtat25a.png" width="500" alt="Check $RECQ Meme Coin" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-recq-meme-coin-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check $RECQ Meme Coin</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy RECQ Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Serves as the base currency for all transactions within the Rebel Satoshi platform <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>ICO stage, offering tokens at a discounted price <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade, <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/bitcoin-btc-bulls-and-bears-in-tug-of-war-as-cardano-ada-primes-for-potential-explosion/" rel="noopener noreferrer nofollow">Bitcoin (BTC) Bulls and Bears in Tug-of-War as Cardano (ADA) Primes for Potential Explosion</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Bitcoin (BTC) Bulls and Bears in Tug-of-War as Cardano (ADA) Primes for Potential Explosion

Table of Contents

CaptainAltcoin

Other articles published on Jul 3, 2024

ProBit Global Enlists Lucre Way, Highlights Significance of Utility Token

Fidelity, Sygnum partner with Chainlink to bring NAV data onchain

Bitcoin Price Drops Below $60,000: Key Reason Explained

Bitcoin Hits $63K: Global Liquidity Trends Signal Potential for 40% Price Surge

Chainlink Partners with Fidelity and Sygnum to Enhance NAV Data Transparency

India’s CoinDCX Leaps Into MENA with BitOasis Acquisition

Join our free newsletter for daily crypto updates!