1. Price Action & Trend Analysis Current Price: 2.69395 USDT, down -4.23%. High (H): 2.76628 USDT, Low (L): 2.6500 USDT. The price has experienced a strong upward movement, reaching a local top around 3.08 USDT, followed by a correction. The uptrend still appears intact, but a pullback is currently in progress. 2. Support & Resistance Levels Key Resistance...
The price of PI/USDT may encounter different levels of support and resistance due to a number of factors important in technical analysis and market dynamics. Here are some reasons why the price levels mentioned, such as 1.58, 1.64 as resistance and 1.41, 1.30 as support, may be relevant: 1. Historical price levels: Resistance at 1.58 & 1.64: These levels may have...
Analysis update: Trend channel confirmation The price is still moving within an ascending channel. The top of the channel has been retested and rejected, indicating a possible correction. Risk-Return Setup The red zone above the current price suggests a stop-loss level. The blue zone below the price indicates a take-profit area, which indicates a downside...
Currently, February 14, 2025, the Bitcoin price is at $96,655, a slight decline of 0.16% from the previous close. Recent developments show a mixed picture. For example, 18 US states are considering legislation to create Bitcoin reserves, which could mean a potential inflow of $23 billion into the market. At the same time, after two years of optimism, BCA Research...