If the Bitcoin price is to break above $70,000, there are key levels to watch for Bitcoin, the leading cryptocurrency, has seen a surge in volatility this week, with supply pressure sitting at the $69,000-$70,000 resistance level. On the daily chart, two reversals of the upper barrier are expected, suggesting that sellers are aggressively defending the psychological level of $70,000. Bitcoin price rose 1.34% intraday, presenting another breakout opportunity for buyers, which could pave the way for a long-term recovery trend. Analyzing the Bitcoin price action on the daily chart reveals the emergence of a bullish pattern that technicians call a "round bottom." This pattern marks a gradual shift from a bearish trend to a bullish trend and is characterized by a steady rise in prices across the board, similar to a "U" shape. It is currently trading at $69,371, and the token price is expected to break above the resistance level of the neckline of the pattern in the $69,000-$70,000 range. Successfully breaking through this barrier will send a better signal that Bitcoin's price sustainability has reached new heights. If the pattern holds, buyers should steer the asset to the theoretical goal of $124,000. However, if the supply above $70,000 triggers a new correction, holders may find suitable support at $63,240 and then $57,500 to regain the exhausted bullish momentum. As the price is likely to develop into a cup-handle pattern, a potential pullback will still keep the bullish outlook intact. A decrease in the supply of Bitcoin transactions indicates a bullish market sentiment. A tweet by crypto trader Ivan Tokenomija, shared by cryptocurrency analytics firm, highlights an important trend in the Bitcoin market. The chart shows declining Bitcoin balances on exchanges, which traditionally indicates that selling pressure has eased. A lower supply of transactions often results in investors transferring Bitcoin to private wallets, often for long-term holdings. This "hold" behavior is often seen as a bullish signal, meaning that prices are likely to rise due to the underlying economic principles of scarcity – when supply decreases and demand remains the same or increases, prices tend to rise. Specifications : Pivot Levels: As the Bitcoin price enters price discovery mode, buyers may see an indirect supply of $77,635 and $91,400, which is consistent with the R2 and R3 of traditional pivot levels. Average Directional Index: The 50% ADX slope reflects an excessive rally and a small pullback may be needed to regain bullish strength. (Source: Sahil Mahadik)

Is the PEPE coin already overbought after a 600% rally, or is it just heating up? The Crypto Assets market is witnessing massive inflows into the meme space, with leading assets such as DOGEE, SHIB, PEPE, and FLOKI doubling in value in two weeks. The frog-themed memecoin PEPE showed parabolic growth in the daily chart, forming a reversal pattern and active whale accumulation, hitting an all-time high of $0.000007583. Will the March recovery reach new heights or will it slip slightly to regain strength? The round bottom pattern signals the potential for further upside. PEPE Token's parabolic growth began on February 24 as the price showed sustainability above the $0.0000015 support level. The bullish shift increased the value of Memecoin by 600% in two weeks, reaching a high of $0.000008. The price of meme Crypto Assets PEPE has risen by a massive 53% in the last 24 hours, leading the memecoin market trend. The analytics firm reported that the three heads Whale acquired a total of 1.02 trillion PEPE Token worth about $5.94 million in major deals. These include the withdrawal of 500 billion PEPE from an exchange, the purchase of 340.9 billion PEPE with USDC, and the withdrawal of 182.4 billion PEPE by a prominent trader who also withdrew 38.85 million MEME Token. This series of events demonstrates the growing interest and speculative investment in PEPE by major market players, highlighting its potential for further gains in the memecoin space. This near-upright growth contributes to the formation of a bullish reversal pattern known as a round-bottom pattern. This U-shaped chart setup represents the maturation of a downtrend, leading to a long-term accumulation for sustainable growth. Currently trading at $0.0000079, the PEPE price could rise another 5% to reach the theoretical target of $0.00000835, which is the length from the bottom of the pattern to the neckline and from the breakout point. If the bullish momentum continues, the next potential target for this memecoin is $0.0000123. However, this upward momentum is unlikely to continue without some external news to support it. As a result, the PEPE price may start a sharp pullback from $0.00000835. Pivot Levels: Traditional pivot levels imply that the PEPE price increase could face an indirect supply of $0.00000835, followed by $0.0000098 Average Directional Index: The ADX value is as high as 57%, reflecting that buyers are leading a tired rebound and need a small pullback to regain strength. (Source: Sahil Mahadik)

Bitcoin trend strength shows striking similarities to the last Bull Market Bitcoin price broke above $45,000 for the first time since April 2022, and according to the weekly average directional index, the rally may not stop anytime soon. This is because trend strength measurement tools are starting to show striking similarities to the 2021 Bull Market. When Bitcoin is in trend, it's wise to steer away. This is true regardless of whether BTCUSD is in an rise or a downtrend. According to the Average Direction Index, the Crypto Assets with the highest Market Cap are currently in an rise trend. This tool is designed to measure the strength of a trend on any timeframe. When ADX grows and rises above 20, it indicates an active trend. Below 20, and there is not enough evidence of a trend, this could indicate a sideways price move. Bitcoin's weekly ADX is not only above 20, but above 51. It reached more than 51 at the end of 2020, resulting in a 4-week rise of 120%. Fluctuation of the same magnitude, BTCUSD could reach $94,000 per coin by mid-February. The Average Directional Index is a trend strength measurement tool designed by J. Welles Wilder, Jr., the creator of other technical analysis tools, such as the dark blue ADX reading above showing the strength of the trend. However, the ADX is equipped with two directional indicators: DI+ and DI-. Not only is ADX at the exact location of the Bull Market in late 2020, early 2021, but the green DI+ and the red DI- are also at the same level. This may suggest that the conditions are just as ripe for a parabolic rebound. In 2021, Bitcoin peaked when ADX reached 85 and then began to retreat. If BTCUSD exceeds this level, we may see a stronger rebound than expected. If it fails to reach above 85 but makes a new all-time high, a bearish divergence could warn that Crypto Assets is about to peak. Whatever the case may be, ADX could become an important tool for understanding Crypto Assets trends. (Source: @tonythebullBTC)

ORDI Technical Analysis I The RSI indicator shows ORDI current value of 46.86, which is close to the neutral zone, indicating that the market is neither overbuying nor overselling; Bollinger Bands noted that the current price is below the middle band ($54.75) but above the lower band ($50.87), which may indicate upside; Pivot points analysis shows that the current price is just below the first support level ($52.58) and may find support here; The ADX value of the DMI indicator is 25.1, indicating that the market trend strength is moderate, but the PDI is below the MDI, suggesting downward pressure.

Shiba Inu Price Analysis: With the bears attacking, SHIB sellers are making a comeback with higher volatility The cryptocurrency is currently on a downward trajectory, with the price hovering around the $0.000009650 mark. Today's decline in the value of currencies is due to profit-taking and bearish sentiment by sellers from the broader cryptocurrency market. The value of SHIB/USD is down 2.34% over the last 24 hours. The Shiba Inu (SHIB) 24-hour chart shows that the pair has traded in a narrow range throughout the day, with signs of a downward breakout. Currently, sellers have the upper hand, thus driving down prices while dominating the market. However, on the daily time frame, the ADX curve shows a value of 45.94 and is currently moving upwards. The Relative Strength Index (RSI) shows a value of 58.96, indicating that the market is neutral. This suggests that the bears are still in control of the market. The Moving Average Convergence Divergence (MACD) line is still above the signal line, indicating weak bearish sentiment on the SHIB/USD pair. SHIB/USD 4-hour chart: Bearish attacks form a downtrend The 4-hour Shiba Inu (SHIB) chart shows a descending trend line and a descending triangle pattern with the bears taking control of the market. Price action is contained within a triangle pattern at the moment, but this could be a pause before we see more volatility. The Average Directional Movement Index (ADX) is trending bearishly at 36.64 and is trending lower. This suggests that unless buyers can find the force to push the price higher, the pair's downtrend is likely to continue. The RSI remains below the 50 mark, suggesting that SHIB will need to increase buying pressure to break above the current resistance level. The MACD line has broken below the signal line and continues to be bearish overall. Cryptocurrencies have been steadily declining in recent hours, and buyers need to take strong action as soon as possible if they wish to push prices higher. The resistance level of $0.0000100 has proven to be a challenge for buyers, and until then, bearish sentiment may still be in control of the market. (Source: John Palmer)

Odaily Planet Daily News Crypto miner Phoenix Group announced the purchase of $380 million of mining machines from Whatsminer. （GlobeNewswire） Previously, the crypto mining company Phoenix Group completed a $371 million IPO on the Abu Dhabi Stock Exchange (ADX) and rose 50% on the same day, and the IPO attracted nearly $12 billion in funds, which was oversubscribed by up to 33 times.

Shares of cryptocurrency miner Phoenix Group (PHX) rose 35% to AED 2.03 ($0.55) on the Abu Dhabi Stock Exchange (ADX) on its first day of trading, Golden Finance reported. Previously, in November, the UAE-based company said its initial public offering (IPO) was oversubscribed by 33 times. Phoenix Group provides mining services through managed services and cloud-based services through which customers can rent computing power. The company also operates a cryptocurrency exchange called M2, powered by its ETH-based native token, MMX.

PANews reported on November 28 that, according to Cointelegraph, crypto miner Phoenix Group is preparing for public trading after a large number of oversubscriptions in its pre-market sales on November 21. Phoenix's public trading launch will be delayed as the company revised the date of its upcoming initial public offering (IPO) on the Abu Dhabi Stock Exchange (ADX). According to today's announcement, Phoenix Group is expected to list on December 5 instead of December 4 due to the UAE National Day being a public holiday. Previously, on November 15, it was reported that Phoenix Group's $370 million worth of shares will be IPO, the first listed crypto company in the Middle East.

PANews reported on November 21 that Phoenix Group (PHX), a crypto mining company headquartered in the United Arab Emirates, ended its initial public offering on the Abu Dhabi Stock Exchange (ADX) and was oversubscribed by 33 times (including 180 times oversubscribed by retail investors and 22 times oversubscribed by professional investors). The stock is scheduled to begin trading on December 4. Phoenix Group provides mining services through managed services and cloud-based services where customers rent computing power. It also runs a cryptocurrency exchange called M2, powered by its Ethereum-based native token, MMX. It was previously reported that Phoenix Group's $370 million worth of shares will be IPO, making it the first crypto company to go public in the Middle East. Phoenix plans to sell nearly 18% of the company's stake with a target capital raising of $368 million.

PANews reported on November 15 that Phoenix Group's shares worth 1.36 billion dirhams ($370 million) will be listed in an initial public offering (IPO) on the Abu Dhabi Stock Exchange (ADX). Phoenix Group, a data center and crypto mining company that has set an issue price of AED 1.5 per share, will be the first private cryptocurrency and blockchain entity to be listed on the Middle East stock market. Phoenix Group offers a range of services, including cloud mining, data center hosting, cryptocurrency trading, and Web3 game publishing and distribution, and is the exclusive distributor of BitMicro mining equipment.

HSBC Middle East is partnering with the Abu Dhabi Stock Exchange (ADX) to explore fixed-income securities, including tokenized bonds, with the aim of using the bank's digital asset platform, HSBC Orion, to issue digital bonds and list on the ADX, Golden Finance reported. Abdulla Salem Alnuaimi, CEO of ADX, said, "We believe that digital assets will grow in importance in the future and that ADX intends to be at the forefront of this innovation. ADX and HSBC will explore a framework to enable digital assets such as digital bonds to be available on HSBC's digital asset platform, Orion, and listed on ADX.

Dogecoin Price Analysis: As bearish pressures intensified, Dogecoin plummeted to $0.05954 Dogecoin price analysis shows a bearish trend in the market today. The price has experienced a considerable drop and is currently struggling at $0.05954. In this range, bears have a slight advantage over bulls, which makes it difficult for price to break out of this range. However, the support is $0.0583 and if the bears are able to break through this support level, the price may fall further. Currently, the DOGE/USD pair has lost 2.31% in the last 24 hours. DOGE/USD 1-Day Price Chart: DOGE price fell to $0.05954; Today's Dogecoin daily price analysis chart doesn't look very good for bulls. Price has experienced a bearish slide and has been trying to break above $0.05958, but there is still support at $0.0583 and may give the price some momentum to climb again and reach higher levels in a bullish scenario. In the last 24 hours, the market capitalization has also decreased by 1.23%, and the trading volume has decreased by 34%. One-day technical analysis also favors bears, as both 20-SMA and 50-SMA are below the current price, while 200-SMA is well above the current price. The RSI also fell to 41.87, indicating that the bears have the upper hand in the market. Moving Average Convergence Divergence (MACD) also shows bearish as the MACD line is located below the signal line. The Average Direction Indicator (ADX) is also trending bearish as the ADX line is above the -DMI line. Dogecoin Price Analysis 4-Hour Chart: DOGE Price Stuck in Range; The four-hour chart of Dogecoin price analysis shows that the price is stuck in a trading range between $0.0583 and $0.05958. Bulls have not yet been able to break through this area, which allows price to hover near the lower end of this area. Buyers need to see a clear bullish momentum to break through the $0.05958 resistance and move higher. The RSI is also trading at a neutral level of 43.98, indicating that bears dominate the DOGE market. The histogram shows a flat trajectory, which means that price action may remain range-bound for some time. The MACD line is above the signal line, but the crossover is not yet complete, which means that the bearish trend may still be in play. The Average Directional Index (ADX) has fallen to 32.13, which means that momentum in the DOGE market is weakening and range trading will dominate during the session. Dogecoin price analysis shows that bulls are struggling to push the price higher and break out of the $0.00.0583 to $0.05958 range. Technical indicators also point to a bearish trend, which could lead to further declines if the support level is not sustained. Until buyers gain momentum and break through the resistance level, the dog/USD pair is likely to remain range-bound. (Source: Editah Patrick)

Cosmos Price Analysis: After a strong bearish day, the ATOM price dropped to $6.51 The latest Cosmos price analysis shows that today's cryptocurrency trend is moving in a bearish direction. The price of ATOM/USD is falling rapidly and has now fallen to $6.51. The short-term trend line is moving downwards as bears have been leading since earlier today. The day before there were bulls in the market, but after the rejection of the $6.75 resistance level, they have now been repelled by the bears. ATOM/USD 1-Day Price Chart: Cosmos fell to $6.51 as bears returned; The Cosmos one-day price analysis chart shows signs of further declines after bears took over the market earlier in the day. The past few days have also brought negative news to the bears, and the trend has not changed today. After the bears continued to lead today, the price has dropped to $6.51. ATOM fell 2.86%, with a significant reduction in 24-hour trading volume. The technical outlook for ATOM/USD shows that the bears have completely taken control of the market since yesterday. The MACD (Moving Average Convergence Divergence) line has broken below the signal line, indicating that bearish pressures will continue to influence price action. The RSI (Relative Strength Index) also fell to near the 36.85 level, suggesting further bearish pressure. The Average Directional Index (ADI) is also declining. The current ADX is at 15.85, indicating that the bearish trend is not over. Cosmos price analysis: ATOM/USD faces strong resistance at $6.75, selling pressure increases; The 4-hour Cosmos price analysis shows that prices have also been falling over the past 4 hours. The trend line has been trending in a bearish direction over the past week and is still moving in the same direction. Since the ATOM/USD price is currently at $6.51, which is very close to the support level, since the downtrend has already had a considerable impact, the losses are enormous. Hourly technical indicators also show a bearish trend, with the ATOM/USD pair facing strong resistance at $6.75, while support remains at $6.42. The MACD line has also moved below the signal line, which could indicate that bearish pressure will continue for some time. The RSI (Relative Strength Index) is close to the 40 level, which is a sign of an oversold condition in the market. The ADX line has fallen to 16.65, suggesting that selling pressure is likely to remain strong in the near term. With all that said, today's Cosmos price analysis shows that ATOM/USD has been facing a bearish trend since earlier today and is continuing in the same direction. After resisting any upside at the $6.75 resistance level, the pair has already broken below the $7.00 level. As selling pressure continues to build, technical indicators also point to further downward pressure. (Source: Joel Oluwatobi)

Dogecoin Price Analysis: Dogecoin plunges to $0.060974 as bearish pressure intensifies Dogecoin price analysis shows a bearish trend in the market today. The price has experienced a considerable decline and is currently struggling at $0.060974. Within this range, bears have a slight advantage over bulls, which makes it difficult for price to break out of the range. However, there is support at $0.06072 and if the bears are able to break above this support, the price may fall further. Currently, the DOGE/USD pair is down 0.37% in the past 24 hours. Today’s Dogecoin daily price analysis chart doesn’t look good for the bulls. The price experienced a bearish decline and has been trying to break above $0.06161; however, the bears have been applying a lot of pressure, making it difficult for the bulls to break out. Trading volume over the past 24 hours was $110,937,258, indicating that despite the current bearish trend, there is still significant interest in DOGE. One-day technical analysis also favors the bears, as both the 20-SMA and 50-SMA are below the current price, while the 200-SMA is well above the current price. The RSI also fell to 42.72, indicating that bears have the upper hand in the market. The Moving Average Convergence Divergence (MACD) is also bearish as the MACD line is below the signal line. The Average Directional Index (ADX) is also showing a bearish trend as the ADX line is above the -DMI line. The four-hour chart of Dogecoin price analysis shows that the price is stuck in a trading range between $0.06072 and $0.06161. Sideways movement in this range indicates indecision among traders and the inability of both bulls and bears to control the market. The 20-day EMA and the 50-day EMA have crossed over and are currently providing resistance to the price, making it difficult for the bulls to break through. The RSI is also at a neutral level of 42.04, indicating that bears dominate the DOGE market. The histogram shows a flat trajectory, which means price action is likely to remain range-bound for some time. The MACD line is above the signal line, but the crossover is not complete yet, which means the bearish trend may still be in play. The Average Directional Index (ADX) has dropped to 30.55, which means that momentum in the DOGE market is waning and range trading will dominate this session. Dogecoin price analysis shows that bulls are working hard to push the price higher and break out of the $0.06072 to $0.06161 range. Technical indicators are also in favor of the bears, making it difficult for the bulls to mount a comeback in this market. However, with strong support at $0.06072, DOGE is likely to witness a bullish trend in the near term if the bulls can break through the resistance at $0.06161. (Data source: Editah Patrick)

SHIB Price Analysis: Will $0.00001 Hold Amid Market Uncertainty? Shiba Inu prices have shown a parabolic rise over the past two months. From a low of $0.00000543, the token price has surged 83.6% and is currently trading at $0.0000101. The fast-recovering memecoin recently breached the $0.00001 psychological barrier, indicating further price gains are poised. Shiba Inu Daily Chart Highlights * Bullish break above $0.00001 hurdle could spark sharp gains * Positive crossover between 20-day and 200-day moving averages adds to bullish momentum * Shiba Inu was up 38% on intraday trading volume of $388.2 million. Shiba Inu price is showing a V-shaped recovery on the daily chart. This type of recovery typically heralds aggressive buying by market participants, offering traders an opportunity to quickly reclaim high ground. During this rally, the price broke some key barriers such as $0.000007, $0.0000085, and most recently $0.00001. After the aforementioned breakout, SHIB price peaked at $0.00001136 and recovered to retest the breakout level. Market participants must keep an eye on this retest as sustained SHIB prices above this level will support further gains. Therefore, with continued buying, the memecoin could rise 25% to touch the upper trendline of the wedge pattern. Is SHIB Price Still Under Threat Of A Sharp Pullback? While Shiba Inu’s bullish sentiment persists, the 25% projected gain faces significant resistance at the upper trendline of the wedge pattern. The pattern is currently leading a downward trend in popular memecoins over the past sixteen months. Significant supply pressure at this juncture could trigger another major correction for traders. * Exponential Moving Average: SHIB price is above the daily EMAs (20, 50, 100 and 200) reflecting a bullish overall trend. * Average Directional Index: ADX slope of 44% reflects an uptrend in maturity.