bullish

Bitcoin

<ul class="wp-block-list">
 <li>Analyst notices bullish altcoins breach of the 61.8% Fibonacci retracement level.</li>  
 <li>The crypto market prepares for the arrival of an explosive altseason.&nbsp;</li>  
 <li>Ripple’s XRP could be one of the most bullish altcoins this cycle.</li> 
</ul>  
<p>Bitcoin price continues in a slow sideways movement with analysts awaiting a sudden pump in the BTC price that could hit new ATHs in the coming months. These targets remain at $110,000, $125,000, and $135,000 before <a href="https://cryptonewsland.com/125000-bitcoin-ath-set-to-arrive-between-january-and-february/" target="_blank" rel="noopener noreferrer nofollow">much higher ATHs</a> can come into play. While Bitcoin holds strong and aims to recover, altcoins make a surge.</p>  
<h2 class="wp-block-heading" id="h-alcoins-breach-crucial-bullish-level">Alcoins Breach Crucial Bullish Level</h2>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  https://twitter.com/Washigorira/status/1867210500783612023
 </div>
</figure>  
<p>According to many analysts, altseason has already arrived. Presently, altcoins are making waves as the crypto market gains momentum, with the 61.8% <a href="https://www.investopedia.com/terms/f/fibonacciretracement.asp" rel="noopener noreferrer nofollow">Fibonacci retracement level</a> decisively breached. Analysts believe this signals a bullish phase for altcoins, with many assets poised for explosive growth.</p>  
<h2 class="wp-block-heading" id="h-xrp-prepares-for-critical-moves">XRP Prepares for Critical Moves</h2>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  https://twitter.com/egragcrypto/status/1867484837705388541
 </div>
</figure>  
<p>To highlight, one of the most bullish altcoins this season is XRP. Presently, analysts view this asset as a standout performer, showing strong potential on the 1-hour timeframe. As we can see from the post above, one analyst goes on to break down the two possible next steps for the altcoin.</p>  
<p>The first he says is a scenario where <a href="https://cryptonewsland.com/6-xrp-price-before-february-2025-99-xrp-price-with-35x-potential/" target="_blank" rel="noopener noreferrer nofollow">XRP could trade</a> within a range of $2.27 to $2.50 before breaking out to the upside. Specifically, this scenario suggests a continuation of the bullish trend, bringing significant gains to traders.&nbsp;</p>  
<p>Alternatively, XRP might dip to $2.27 and consolidate between $2.17 and $2.27. This would form a double-bottom pattern, a bullish formation that often signals the start of a new upward rally. The analyst concludes saying patience is crucial in the moving months while <a href="https://coinmarketcap.com/currencies/xrp/" target="_blank" rel="noopener noreferrer nofollow">XRP price</a> stands at $2.33.</p>   
<p>The post <a href="https://cryptonewsland.com/altcoins-breach-crucial-61-8-fibonacci-retracement-level/" rel="noopener noreferrer nofollow">Altcoins Breach Crucial 61.8% Fibonacci Retracement Level as Analysts Prepare for Explosive Altseason to Begin</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Altcoins Breach Crucial 61.8% Fibonacci Retracement Level as Analysts Prepare for Explosive Altseason to Begin

Table of Contents

Crypto News Land

Other articles published on Dec 13, 2024

Best Meme Coins to Buy Today: BTFD Coin’s $3.7M Presale, Pepe’s Bull Run, and AI Companions’ 159%...

Elon’s Gold (ELONGOLD) Will Explode Over 18,000% Before Exchange Listings, While Shiba Inu and Do...

MicroStrategy on Track to Become Part of Nasdaq-100

The Best Cryptos to Buy Before Holiday Season: Qubetics with Over 9,000 Holders, with Cardano and...

Holiday Season Crypto Boom: Dogecoin, PEPE, SHIB and a Solana Memecoin on Track for Massive Growth!

Santiment Publishes List Of Altcoins Set To Recover Sharply After Identifying ‘Dip Buy Opportunit...

Join our free newsletter for daily crypto updates!