Search results for TARA
Crypto
Bitcoin at crossroads as pullback mirrors pattern before 2022 eightfold surge
Bitcoin is showing a price structure similar to the 2022 bear market, an analysis said. Analyst TARA sees an ABC correction pattern and warned the current rebound could be a temporary relief rally, with further declines possible. He said confirmation would require a rebound to at least $72,800 that then turns into resistance, implying a roughly 17 percent rise from $61,900. He also cited the rapid final leg of declines in 2022 and did not give a target.
Crypto
XRP rebound pivots at $1.12 and $1.25 as further decline still possible
XRP has rebounded slightly after falling to its lowest level of the year, fuelling debate over whether the decline has bottomed. XRP dropped to $1.05 on June 6 and later traded around $1.11, The Crypto Basic reported. Analyst Cathy said support near $1.12 and resistance at $1.25 were key. Another analyst, Tara, said XRP could rise further if bitcoin climbs, but warned a renewed decline remains possible.
Crypto
Bitcoin indicator points to $58,000 after possible 15 percent drop
Bitcoin rose to around $69,300 intraday on April 1 but may fall about 15 percent to the $58,000 range after retesting that level, according to market analysis cited by The Crypto Basic. Analyst TARA said Bitcoin revisited a 0.618 Fibonacci retracement zone near $69,300 and then slipped to around $68,000. TARA said a renewed approach is possible, but viewed the rebound as part of a broader corrective wave.