Search results for Wyckoff
Crypto
Bitcoin could hit $90,000 as long-term 2023 chart pattern draws attention
Bitcoin is consolidating around $80,000 after a short-term rebound, and chart analysis suggests it could revisit the low-$70,000s before pushing into the $90,000 range. A long-term chart is said to resemble a 2023 sequence of rebound, range trading, liquidity sweep and renewed rise. Key levels include $56,000 to $64,000 as a lower extreme, $70,000 to $72,000 as support and $80,000 to $84,000 as resistance.
Crypto
Signs of XRP buying near $1 point to Wyckoff accumulation phase
XRP remains weak around $1, but analysts say its price action may represent a test phase within a Wyckoff accumulation structure ahead of a potential rise. Weekly charts and on-chain indicators show short-term selling pressure alongside longer-term recovery potential. Whale wallets are accumulating between $1.00 and $1.20, while realized price is cited at $0.75. A break above $1.20 on strong volume is seen as a bullish signal, while a weekly close below $0.75 could invalidate the scenario.
Crypto
XRP downside pressure grows, but analyst sees long-term target at $14
XRP has fallen 45 percent since the start of the year, prompting discussion of both near-term downside risk and expectations of a medium- to long-term rebound. Market analyst CryptoinsightUK reviewed bullish and bearish factors, citing liquidation zones, a weakening price structure and relative underperformance versus Ethereum and Bitcoin. He also pointed to rising open interest as a variable. On the upside, he cited overhead liquidity targets and oversold weekly and monthly RSI readings, and projected a long-term Fibonacci-based target near $14.
