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Crypto_Awad
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Here is my logic.
Target =1000% from the bottom of Rose box.
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What’s Next for BTC Price?🧐 Bitcoin is currently riding a wave of strong bullish activity, targeting a stable position above the $85K mark. It briefly touched a peak of $85,309 before encountering resistance and slipping below $85K. Currently, bears are strongly defending a surge above 23.6% Fib channel. As of now, Bitcoin’s price trades at $84,593, marking a 5.3% increase over the last 24 hours. Looking ahead, the BTC/USDT trading pair is challenging a resistance area within $84,205 to $86,704. Increased buying efforts are anticipated to ward off any significant pullbacks. Should Bitcoin successfully breach the $90K threshold, it could potentially aim for a climb towards $95,000. Conversely, a failure to meet buyer interest near the $85K level might lead to a pullback, possibly dropping to a low of $79,974. However, the long/short ratio of Bitcoin has taken a sharp downturn, currently standing at 0.67. This indicates an increasing dominance by sellers, who are likely pushing for an immediate correction in the BTC price chart. At present, about 60% of traders anticipate a decline in the price.$BTC
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Cardano (ADA) Technical Analysis and Upcoming Levels With the notable price drop, ADA has reached a crucial support level of $0.80. According to expert technical analysis, this support level was previously broken during the recent upside rally. Based on recent price action and historical patterns, if the asset holds this level, there is a strong possibility it could soar by 35% to reach $1.14. However, if the asset fails to hold this level, it could decline by 20% to $0.65 in the coming days. $110 Million Worth of ADA Outflow Despite market uncertainty, investors and long-term holders appear to be accumulating the token, according to on-chain analytics firm Coinglass. Data from spot inflow/outflow reveals that exchanges have witnessed an outflow of over $110 million worth of ADA tokens in the past 48 hours. When Combining these on-chain metrics with technical analysis it appears that bulls strongly accumulating the token for the long-term holders. $ADA
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