Bitcoin Climbs, Kaito Hits $1.29, ETH Still Rangebound
The post Bitcoin Climbs, Kaito Hits $1.29, ETH Still Rangebound appeared on BitcoinEthereumNews.com. Key Points: Bitcoin’s dominance rises with a 1.33% surge, impacting market sentiment. Ethereum’s technical indicators show a potential bearish trend. Kaito sees a remarkable 41.47% daily increase, indicating bullish momentum. Bitcoin’s recovery gains momentum, breaking past key resistance at $88,765, while KAITO climbs parabolically, and Ethereum pauses in its downtrend, setting the stage for notable market shifts. Bitcoin’s bullish breakout above $88,765 signals potential continuation towards $109,588 if $99,475 resistance breaks. KAITO’s rally stalls near $1.40 on buying exhaustion, and Ethereum’s consolidation suggests impending directional move amid volume tapering. Bitcoin Gains 1.33% Amid Rising Market Dominance Bitcoin’s recent 1.33% surge to $96,170.82 is driven by high trading volume at $62,629,130,226. Its market cap reaches $1,910,098,703,926, showing dominance at 64.32% and a 7-day gain of 2.14%. Technical indicators show mixed signals: SMA is below short, medium, and long-term averages, while RSI at 66.48 hints bearish. The MACD at 2,771.98 suggests bearish momentum, with StochRSI indicating bullish sentiment. Bitcoin (BTC) Technical Analysis The macro structure on the daily BTC/USDT chart shows a recovery from a mid-March bottom near $74,500. Price has since formed a consistent uptrend, establishing higher lows and recently breaking above the previous key resistance around $88,765.43. The market is currently approaching a well-marked resistance zone at $99,475, just below the local high of $109,588. This indicates the market is transitioning from accumulation into a possible markup phase. The structure suggests a bullish continuation unless price rejects heavily at current levels. Bitcoin(BTC), daily chart, screenshot on TradingView at 18:51 UTC on May 7, 2025. Source: TradingView Recent candles near the $96,000–$97,000 range show hesitation, with smaller bodies and upper shadows forming under resistance. This is often indicative of supply entering the market. However, volume remains relatively stable without a major spike in selling pressure. The bullish breakout on April 25…
The post Bitcoin Climbs, Kaito Hits $1.29, ETH Still Rangebound appeared on BitcoinEthereumNews.com.
Key Points: Bitcoin’s dominance rises with a 1.33% surge, impacting market sentiment. Ethereum’s technical indicators show a potential bearish trend. Kaito sees a remarkable 41.47% daily increase, indicating bullish momentum. Bitcoin’s recovery gains momentum, breaking past key resistance at $88,765, while KAITO climbs parabolically, and Ethereum pauses in its downtrend, setting the stage for notable market shifts. Bitcoin’s bullish breakout above $88,765 signals potential continuation towards $109,588 if $99,475 resistance breaks. KAITO’s rally stalls near $1.40 on buying exhaustion, and Ethereum’s consolidation suggests impending directional move amid volume tapering. Bitcoin Gains 1.33% Amid Rising Market Dominance Bitcoin’s recent 1.33% surge to $96,170.82 is driven by high trading volume at $62,629,130,226. Its market cap reaches $1,910,098,703,926, showing dominance at 64.32% and a 7-day gain of 2.14%. Technical indicators show mixed signals: SMA is below short, medium, and long-term averages, while RSI at 66.48 hints bearish. The MACD at 2,771.98 suggests bearish momentum, with StochRSI indicating bullish sentiment. Bitcoin (BTC) Technical Analysis The macro structure on the daily BTC/USDT chart shows a recovery from a mid-March bottom near $74,500. Price has since formed a consistent uptrend, establishing higher lows and recently breaking above the previous key resistance around $88,765.43. The market is currently approaching a well-marked resistance zone at $99,475, just below the local high of $109,588. This indicates the market is transitioning from accumulation into a possible markup phase. The structure suggests a bullish continuation unless price rejects heavily at current levels. Bitcoin(BTC), daily chart, screenshot on TradingView at 18:51 UTC on May 7, 2025. Source: TradingView Recent candles near the $96,000–$97,000 range show hesitation, with smaller bodies and upper shadows forming under resistance. This is often indicative of supply entering the market. However, volume remains relatively stable without a major spike in selling pressure. The bullish breakout on April 25…
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