XRP Shows Signs of Holder Confidence Amid Price Rebound and Key Resistance Near $2.23

XRP is experiencing a rebound, benefiting from a shift in investor sentiment as mid-term holders (6-12 months) increase, showing strong conviction for future price recovery. The Mean Coin Age (MCA)

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Bitvavo Secures MiCA License, Expanding Services Across Europe Under Unified Crypto Regulation

Bitvavo, a digital asset trading platform in Europe, has secured a license from the Dutch Authority for the Financial Markets (AFM) under the new European Markets in Crypto-Assets Regulation (MiCAR). This license allows Bitvavo to operate across all EU member states, as well as Norway, Iceland, and Liechtenstein, under a unified regulatory framework designed to

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XRP price prediction 2025-2031: Will XRP reach $5?

Key takeaways : The XRP price prediction suggests that the coin’s price will rise to $3.94 by the end of 2025. The growing adoption rate of the XRP Ledger Protocol could push XRP to $9.84, with a possible maximum trading value of $10.50 in 2028. In 2031, the target price for XRP is between $15.75 and $17.06, with an average price of $16.41. XRP has a strong community of supporters and developers and continues to see tremendous potential in Ripple’s technology and products. Despite short-term price fluctuations and a bear market, many analysts believe XRP has a bright future. Whether it will reach new highs or continue to grow steadily remains to be seen, but this crypto asset will undoubtedly play an important role in global financial institutions. So, how high can XRP realistically go? Will XRP reach 5 dollars? Let’s answer these questions in our XRP price prediction. Overview Cryptocurrency Ripple Token XRP Price $ 2.19 (+0.25%) Market Cap $129.27 Billion Trading Volume (24 Hour) $1.39 Billion Circulating Supply 59 B XRP All-time High $3.40 Jan 07, 2018 All-time Low $0.002802 July 07, 2014 24-hour High $2.21 24-hour Low $2.18 XRP price prediction: Technical analysis Metric Value Price Volatility 2.86% 50-Day SMA $2.28 200-Day SMA $1.813191 Sentiment Neutral Fear & Greed 68 (Greed) Green Days 15/30 (50%) XRP price analysis: XRP upgrades to $2.19 as bulls continue to lead XRP price analysis confirmed an uptrend at $2.19. Cryptocurrency gains 0.25% of its value. XRP coin faces resistance at the $2.23 level. On June 29, 2025, XRP price analysis revealed an increasing trend for the cryptocurrency. The coin’s value has jumped to $2.19 in the past 24 hours. Concurrently, the cryptocurrency has gained a nominal 0.25% of its worth today. This creates favorable circumstances for investors, as the cryptocurrency is now gaining value. A week ago, XRP experienced negative sentiment, but now the buying momentum is gaining traction. XRP price analysis on the daily timeframe The one-day price chart of the XRP coin confirmed an upward trend for the cryptocurrency. The XRP/USD value has appreciated to a high of $2.19 for the day. Green candlesticks on the price chart signify continued buying activity. The distance between the Bollinger Bands defines the volatility. This distance is slowly decreasing, leading to low volatility. Moreover, the upper limit of the Bollinger Bands indicator, acting as resistance, has shifted to $2.29, while its lower limit, serving as support, has moved to $2.04. XRP/USD 1-day price chart: XRP price analysis shows decreasing volatility The Relative Strength Index (RSI) indicator is present within the neutral region. The indicator’s value has increased to index 50.87 in the past 24 hours. The ascending curve on the RSI graph reflects a rising buying momentum. If the bullish momentum continues to intensify, further upside is possible soon. XRP price analysis on the 4-hour chart The four-hour price analysis of the XRP coin also confirmed a bearish trend in the market. The XRP/USD value has decreased to $2.19 in the past few hours. The high volatility signals a higher chance of an upcoming reversal or further price escalation. The Bollinger Bands are maintaining their distance, leading to high volatility. This uptick in volatility signifies a higher market unpredictability. Moving ahead, the upper Bollinger band has shifted to $2.23, indicating the resistance point. Conversely, the lower Bollinger band has moved to $2.06, securing the support. XRP/USD 4-hour price chart The RSI indicator is trending within the neutral region for now. Its value has been decreased to index 58.43 in the last four hours. This decrease is represented by a downward RSI curve. The bears have been ruling the market since the last four hours. This has resulted in bringing some degree of instability for the investors. XRP technical indicators: Levels and action Daily simple moving average (SMA) Period Value ($) Action SMA 3 2.11 BUY SMA 5 2.20 SELL SMA 10 2.15 BUY SMA 21 2.21 SELL SMA 50 2.28 SELL SMA 100 2.22 SELL SMA 200 1.813191 BUY Daily exponential moving average (EMA) Period Value ($) Action EMA 3 2.18 BUY EMA 5 2.20 SELL EMA 10 2.19 BUY EMA 21 2.19 SELL EMA 50 2.27 SELL EMA 100 2.26 SELL EMA 200 1.972453 BUY What to expect from XRP price analysis? Ripple price analysis gives a relatively bullish prediction regarding the ongoing market events. The coin value has increased to a high of $2.19 over the last 24 hours. The coin has gained up to 0.25 percent of its value. Technical indicators give positive signals, and the price charts also continue to project a bullish market scenario for the day. Is XRP a good investment? XRP, a cryptocurrency specifically designed for quick and cost-effective cross-border transactions, holds promise in global finance. The easing of regulatory hurdles for Ripple and the rising adoption might boost XRP price. Additionally, several recent acquisition and CBDC development make XRP a good investment option in the long-term. As with any investment, the outlook for XRP remains uncertain, necessitating a cautious approach and thorough due diligence. It is advised to proceed with caution Why is XRP up? The XRP/USD crypto pair price has increased as buying momentum took hold, increasing the price to $2.19 during the day. The RSI increased to 50.87 at the same time and is in the neutral territory. How much will XRP cost in 2025? XRP is expected to trade at an average price of $3.28 by the end of 2025. Will XRP reach $5? For XRP to reach $5, its value would need to double. Considering the current bullish trend and XRP’s price action, a surge to $5 by the middle of next year is not entirely out of the question, particularly if demand for XRP tokens continues to rise and its growth trajectory remains consistent. However, it’s crucial to remember that XRP’s all-time high stands at $3.84, achieved on January 7, 2018. Can XRP reach $20? According to Ripple’s price prediction, XRP has a lesser chance of reaching $20 by 2031. However, it is expected to reach this level if the XRP ecosystem adoption by major financial institutions continues, making it a good option to buy XRP. Will XRP reach $100 dollars? Though there are rumors of XRP reaching $100 in the market, and some pro-XRP analysts are also promoting it, many are raising questions about this possibility. XRP may not reach $100 in the near future, at least. Will XRP reach $1000? If one XRP coin is worth $1000, its market cap must be more than $100 trillion. Comparatively, the total global stock market cap is about $110 trillion. Therefore, it is unlikely that XRP will reach $1000, based on current market dynamics. Does XRP have a good long-term future? XRP is expected to increase in value gradually over the coming years, giving good yields to XRP holders and institutional investors. The coin is trading at five times its value from last year, and it is expected to reach the highest price of $17.06 by 2031. This makes it a valuable asset for multiple gains after significant market capitalization with continuous efforts by Ripple Labs. However, regulatory uncertainties still linger with the Ripple lawsuit. Considering these factors, investors must carry out their own research. Recent news/opinions on the Ripple Network Nasdaq-listed VivoPower has released plans to launch an XRP-focused treasury strategy. VivoPower has secured $121 million in private share placement for the strategy, which will make it the first publicly traded company to adopt XRP as a primary treasury reserve asset. Read more about it here . VivoPower announces XRP-focused digital asset treasury strategy. The U.S. Securities and Exchange Commission (SEC) has started reviewing WisdomTree’s US spot ETF proposal. SEC will also assess market manipulation risks and investor protection. If approved, it will be the first US spot XRP ETF, which will allow investors to invest in XRP. Read more about it here . XRP price prediction June 2025 According to XRP price prediction, in June 2025, XRP could reach a maximum price of $2.72. The average trading price is expected to be $2.37 for the month, while the lowest it can go as per XRP cost estimation is $1.72, considering the current XRP sentiment. Period Potential Low ($) Average Price ($) Potential High ($) June 2025 $1.72 $2.37 $2.72 XRP price prediction 2025 The XRP price prediction for 2025 suggests that the price could reach a maximum of $3.94 by the end of the year, considering its technological utility and enhancement of cross-border payments. We expect an average trading price of $3.28 and a floor price of $1.50. Period Potential Low ($) Average Price ($) Potential High ($) XRP price prediction 2025 $1.50 $3.28 $3.94 XRP price predictions 2026-2031 Year Minimum Average Maximum 2026 $4.81 $5.47 $6.13 2027 $7.00 $7.66 $8.31 2028 $9.19 $9.84 $10.50 2029 $11.38 $12.03 $12.69 2030 $13.56 $14.22 $14.88 2031 $15.75 $16.41 $17.06 XRP price prediction 2026 The XRP price predictions for 2026 suggest that the XRP cryptocurrency could reach a minimum trading price of $4.81 and an average price of $5.47. The XRP price forecast further suggests that the Ripple coin is estimated to reach a maximum of $6.13. XRP price prediction 2027 Ripple XRP price prediction for 2027 estimates a minimum value of $7.00, which is quite a bit higher than the current XRP price, and an estimated average XRP price of $7.66. The maximum price forecast for 2027 is $8.31. Ripple price prediction 2028 The Ripple price prediction for 2028 shows a minimum price of $9.19. The XRP price can reach a maximum level of $10.50; the estimated average trading value will be $9.84 through 2028. XRP price prediction 2029 The XRP price prediction for 2029 estimates that XRP will attain a minimum price of $11.38, an average trading price of $12.03, and a maximum price of $12.69. XRP price prediction 2030 XRP price prediction for 2030 suggests a minimum price of $13.56 and an average expected trading price of $14.22 throughout the year 2030. The maximum forecasted Ripple price for 2030 is set at $14.88. XRP price prediction 2031 The XRP price prediction for 2031 is a minimum price of $15.75 and an average price of $16.41. The maximum forecast price for 2025 is $17.06, as crypto analysts expect investors to continue buying XRP as crypto assets. XRP price prediction 2025 – 2031 XRP market price prediction: Analysts’ XRP price forecast Firm Name 2025 2026 DigitalCoinPrice $4.78 $5.59 Coincodex $3.44 $3.58 Cryptopolitan’s XRP price prediction Our forecast shows that XRP will achieve a high price of $3.94 near the end of 2025. In 2026, the XRP price will range between $4.81 and $6.13. In 2031, the cryptocurrency will range between $15.75 and $17.06, with an average price of $16.41. It is important to consider that predictions are not investment advice. Professional consultation is suggested, or you can carry out your research. XRP historic price sentiment Before 2017, the asset’s value hovered around $0.01; in April 2017, it rose to $0.05; the gradual climb soon continued as it reached $0.25 in May, showing a positive price action as Ripple continued to excel. XRP price history: Coinmarketcap Towards the end of 2019, XRP price stabilized at around $0.30 and did not cross the $0.5 mark throughout the year. However, the bullish run of 2020 pushed the coin’s value to a peak price of $0.8, gaining investor interest before finishing the year at $0.66. Early 2021 was supposed to be bullish for XRP, but the SEC announced a lawsuit that derailed investors. Nonetheless, XRP beat the odds and surged above $1.5 during the year, but by 2022, it plummeted significantly to as low as $0.31. XRP started 2023 at $0.335, and on July 13, it almost doubled its value in a steep spike. It shot from $0.470 to $0.814 while swinging towards $0.9 for a few hours. A partial victory against the SEC triggered the price jump, surging the trading volume. XRP closed 2023 at about $0.62. In 2024, XRP has so far ridden the market wave. The bears earlier on and then a bullish price movement by mid-March resulted in a market price of $0.72, according to data from the cryptocurrency market. In July, XRP traded between $0.418 and $0.658, showing a good recovery. However, the coin went under bearish pressure at the start of August, falling back down to the $0.550 range as per crypto market records showing high volatility. In September 2024, XRP recovered up to the $0.642 level, but the price went down to the $0.500 range in October. A tremendous bullish impulse was observed in November when XRP touched the $1.96 mark, and it reached $2.72 on December 2, 2024. In January 2025, XRP reached a peak price of $3.19 and traded near the $2.90 level in February. It stepped down to $2.1 in March and to $1.79 in April. By the middle of May, XRP touched $2.57; however, near the start of June, it is trending around the $2.18 range, as the market sentiment tilts towards the negative side.

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PUDGY PENGUINS PRICE ANALYSIS & PREDICTION (June 29) – Pengu Takes Breath After Surging 50% in a Week, More Gains Ahead?

Amid the latest pause in Bitcoin’s rally, Pengu and a few other meme coins have regained momentum and shown strength after a month of decline. While indicating a bullish move, it is currently down on the day. Since the Ceasefire in the Middle East, a few meme coins have recovered nicely from their recent lows and posted gains over the past 48 hours. Pengu leads the rally so far with an over 30% increase, but it currently appears to have slowed down the rally after failing to close above the $0.015 level yesterday. The current daily drop looks more like a retest of a broken level. There’s still hope for more increases in the short term as the buyers are likely to mount pressure as soon as they find support on the lower timeframe. If that fails to happen, the Solana-based token may pull lower before picking up again. But from the look of things, the bulls are much more likely to have an upper hand in the coming days, provided that Bitcoin’s price remains strong weekly. Otherwise, the entire crypto market may continue to fall. Currently, market sentiments and biases look positive with a potential bullish sign. Once Pengu manages to surpass the previous monthly high, a bigger rally can be expected in the short term. Pengu Key Levels to Watch Source: Tradingview Pengu currently appears indecisive on the daily chart. A push above yesterday’s high could allow recovery to the previous monthly $0.0175 resistance. The $0.0274 and $0.047 resistance levels would be the next area of interest to watch for a breakout. Failure to advance bullish may result in a deep pullback to the key $0.01 level. Below it lies the $0.0076 support. A breakdown there could roll us back to the $0.00525 level. Key Resistance Levels: $0.0175, $0.0274, $0.047 Key Support Levels: $0.01, $0.0076, $0.00525 Price: $0.0134 Trend: Bullish Volatility: High Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !

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Trump Urges U.S. to Cut Interest Rates Amid Bitcoin Market Watch

On June 29, President Trump publicly advocated for the United States to reduce interest rates to between 1% and 2%, emphasizing concerns over the rising cost of servicing the 10-year

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Analyst Sends Message to XRP Holders after Spotting These Bullish Signals

In a recent technical chart shared by prominent analyst EGRAG CRYPTO, XRP’s performance against Bitcoin (XRP/BTC) has been highlighted as entering a critical technical zone. The chart indicates a significant bullish reversal, with an inverted hammer candlestick pattern spotted in the analysis. The analysis is grounded in classical technical charting principles and predicts a potential uptrend as the pair moves toward a breakout in August. #XRP / #BTC – You Are Not #Bullish Enough: Inverted Hammer Candles #XRPFamily STAY STEADY and STRONG , Together We Rise and We Shall Fly So High . pic.twitter.com/imoZwmKA0E — EGRAG CRYPTO (@egragcrypto) June 28, 2025 XRP Inverted Hammer and Support Structure The chart features a large symmetrical triangle structure containing XRP/BTC’s recent price action. At the time of his analysis, the pair traded around 0.00002042 BTC ($2.194), sitting on the edge of structural support. What makes the current setup notable is the formation of an inverted hammer candlestick , which is commonly interpreted as a bullish reversal signal, particularly after a downtrend. The analyst emphasizes that XRP is not being viewed bullishly enough by the broader market, despite technical evidence to the contrary. He encourages the XRP community to “stay steady and strong,” reinforcing the sentiment that a major price move could be on the horizon. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 XRP Fibonacci Levels and Short-Term Targets Critical resistance levels are also clearly laid out. This includes the Fibonacci retracement zones. Notably, the 0.702 level (approximately 0.00002468 BTC/$2.652) and the 0.786 level (around 0.00002893 BTC/$3.1) are marked as key upside targets in the short to mid-term. These lie above the current range but within striking distance should bullish momentum emerge. A green zone extending to 0.00002700 BTC ($2.9) provides a cue for a potential breakout zone above triangle resistance. Conversely, a red horizontal support line at approximately 0.00001930 BTC ($2.07) signals the last line of structural defense. This coincides with the lower boundary of the triangle and appears to be acting as a base for the inverted hammer to take effect. XRP Long-term Targets Longer-term projections are drawn using Fibonacci extensions, with the 1.272, 1.414, and 1.618 levels suggesting potential future targets of 0.00007262 BTC ($7.8), 0.00009502 BTC ($10.2), and 0.00013982 BTC ($15), respectively. These targets sit well above historical resistance, and all represent new all-time highs for XRP if the current pattern plays out. EGRAG CRYPTO has previously predicted double-digit targets for XRP , and the chart marks August 25 as a key date for the upcoming breakout. While market confirmation is still pending, the groundwork for an upward move is technically laid out, with specific levels to monitor in the weeks ahead. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Analyst Sends Message to XRP Holders after Spotting These Bullish Signals appeared first on Times Tabloid .

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Savvy Trader Reduces 16,759 SOL Long Position Amid Major Bitcoin and ETH Liquidations

On June 29, on-chain analytics revealed significant portfolio adjustments by a prominent trader in the cryptocurrency market. The trader notably liquidated a substantial 40x long position in Bitcoin and trimmed

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BITO: On The Verge Of A Break To New Highs

Summary BITO provides convenient Bitcoin exposure via futures, offering strong correlation and significant income distributions, though not a perfect 1:1 price tracker. Distributions are highly volatile but meaningful, totaling nearly half the share price over the past year, making total return analysis essential. While direct Bitcoin ownership outperformed BITO on total return, BITO's accessibility and income potential make it an attractive alternative for many investors. Technical patterns and momentum indicators suggest further upside, so I maintain my strong buy rating on BITO for continued Bitcoin exposure. As alt-coin OG Bitcoin is knocking on the door to all-time highs once again, it’s a good chance to review which funds are best to gain exposure, if you so choose. Cryptos are firmly in the mainstream of investing now, as the rise of exchange-traded funds in their dozens, making it easier than ever to gain exposure to Bitcoin and other cryptocurrencies. One very popular choice for Bitcoin exposure is the ProShares Bitcoin ETF ( BITO ) , a $2.5 billion fund that tracks the price of Bitcoin, but with a twist. The last time I covered BITO was last October, and I called it a strong buy on the idea that its downtrend was ending. It’s up 61% on a total return basis since then, so we’ll call that one a win. But what about now? I’m still quite bullish, and I’m doubling down on my strong buy rating. What is BITO? BITO seeks to track the performance of Bitcoin over time, minus fees and expenses. That’s a familiar goal as there are numerous funds that look to do the very same thing. But rather than owning Bitcoin directly, BITO owns a huge position in Bitcoin futures. Here’s what the fund owns as of the close on Friday. Fund website The fund owns $2.5 billion in July Bitcoin futures, and it rolls its positions regularly so it’s always got what is essentially spot exposure to Bitcoin futures. That, in turn, tracks spot Bitcoin prices without owning Bitcoin directly. This is a slightly different philosophy to funds that directly own Bitcoin, but as we’ll see below, owning futures works as well. StockCharts This is the 20-day rolling correlation between BITO and Bitcoin itself, and its current value is 0.89. That’s actually a bit lower than it has been in recent months, when it spent a lot of time very near 1.00. At any rate, 0.89 is still almost perfect, so if you’re looking for Bitcoin exposure, you can do much worse. The other thing is that BITO is not just a way to gain exposure to Bitcoin pricing; it offers massive distributions as well. Some funds do not offer distributions, and therefore, their price charts will more closely reflect the movements of Bitcoin itself. BITO offers that exposure to Bitcoin, but also a huge amount of distributions. ProShares has an explanation of how BITO (and its other similar funds) generate distribution, if you’re curious. And those distributions are extremely consequential to total returns for BITO. Seeking Alpha We can see that distributions are extremely volatile, so this is nothing like owning a Dividend King where you know what you’re getting with reasonable accuracy. BITO distributes based upon the formula in the link above, and the payout changes every single month. Over time, the distributions are meaningful to say the least, but the monthly payout range for the past year has been 36 cents to $1.77. Total distributions in the past 12 months is almost $12 per share , or more than half the current share price. That means that if we’re going to track BITO’s progress against simply owning Bitcoin itself – which is a logical alternative – we need to look at total returns, not simply price returns. Seeking Alpha For the past year, Bitcoin itself has outperformed BITO on a total return basis by about 15%. That’s a lot, and if you want to get the best exposure to Bitcoin, you’ll need a way to do that directly. However, if you like the ease and accessibility of owning it through an exchange-traded fund, BITO offers a nice alternative. The other thing is that BITO offers strong income possibilities, whereas Bitcoin obviously doesn’t, and never will. That income can be reinvested for more shares of BITO, or it can fund your lifestyle. It’s just a different way to gain exposure, and it’s not for everyone. Where is BITO headed? I have remained bullish on Bitcoin and linked funds for some time, and nothing about that has changed. The pattern in BITO looks very much to me like a bull flag, and if that’s right, BITO (and Bitcoin) are headed much higher. StockCharts BITO ran from the April low of $15 to a new high of $22.56, all the while paying its distributions. There was a 50-day SMA test in the past week, from which BITO bounced immediately and significantly. The flag pattern is filling out very nicely, the upper and lower bounds of which you can see above. In addition, the PPO has made a centerline test and the histogram is looking like it’s about to go positive. If that occurs, it makes the breakout direction from the flag much more likely to be up. Flags are consolidation patterns, so they are likely to resolve in the direction of prior trend. That was obviously an uptrend, and it amounted to about $7 per share from the April low. Should the flag resolve to the upside – which I fully expect – we should be looking at a similar move in BITO. That would be something like $29 as a target. We’ll see, but the risk/reward here is excellent as you can use the 50-day SMA, or the bottom of the flag pattern as a stop. Wrapping up If you are looking for direct exposure one-for-one with Bitcoin, BITO probably isn’t the best choice for that. The price doesn’t strictly track Bitcoin because BITO pays such massive distributions, and has a bit of tracking error from the futures it owns. On a total return basis, as well as the correlation of prices between the two, it is quite good. BITO offers income in a big way, but also the ease and convenience of owning Bitcoin exposure through an exchange-traded product rather than needing a wallet to hold Bitcoin. I continue to like Bitcoin, and I continue to like BITO as an alternative way to gain exposure to Bitcoin upside. I’m retaining my strong buy on BITO here.

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The Biggest Games Releasing in July 2025

July’s light on blockbusters, but Switch 2 shines with Donkey Kong Bananza, while Grounded 2 and Ninja Gaiden keep things interesting.

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Bitcoin Bears Are Taking Fresh Market Positions, But Are They Safe?

After an eventful start to the week marked by a sharp downward swing below $100,000, the Bitcoin price has recovered excellently, returning above the $107,000 mark to close the week. In spite of Bitcoin’s recent recovery, there seems to be a different sentiment in the market which, interestingly, has been growing over time. Here’s how the current growing sentiment could affect the premier cryptocurrency’s future trajectory. Short Positions Surge Over The Past 7 Days — What This Means In a June 28th post on social media platform X, cryptocurrency analytics firm Alphractal shared an interesting on-chain development in the Bitcoin market. Related Reading: You Won’t Believe Who’s Moving Millions in Bitcoin on Binance Right Now This on-chain observation is based on the Liquidity Zone (7 Days) indicator, which measures three important data: on one hand, it is used to monitor the price movement of Bitcoin; on another, the Net Delta of open interest or positions; and, lastly, it shows the distribution of open interest at various price levels. For a little context, the open interest Net Delta measures the difference between long and short open positions in the market. If the Net Delta reads positive, it means the buyers populate the market more. On the other hand, a negative reading means there are more short positions open than longs. In the post on X, Alphractal pointed out that, over the span of seven days, more positions have been opened in a bet against the price of BTC. From the chart below, the red bars represent a negative Net Delta. As has been formerly explained, what this means is that the short traders currently dominate the market. Interestingly, the shorts-dominated market does not exactly guarantee that we will experience a sell-off in the near future. This is because the high negative Net Delta was recorded at a time when Bitcoin’s price is still at a stable level, even with little growth. When sell positions are opened in a stable but bullish market, this usually indicates that the bears might be getting trapped. If, eventually, the Bitcoin price overcomes the sell resistance, a phenomenon known as a short squeeze will occur. In this scenario, sellers will be forced to buy back at higher prices, thereby pushing the Bitcoin price to the upside. This upward momentum will then further liquidate short positions. What’s Next For Bitcoin? There are uncertainties as to whether the Bitcoin market might break the sell resistance, or go in favour of the sellers. For this reason, Alphractal warns that those with bearish sentiment should be cautious about their next move. Related Reading: Ethereum Reclaims $2,500 In Squeeze-Driven Rally – But Can It Hold? As of this writing, Bitcoin seems stuck within a choppy range over the past day and is currently valued at $107,309. The flagship cryptocurrency’s measly growth of 0.2% in the past 24 hours pales in comparison to its seven-day rise of 5.2%. Featured image from IStock, chart from TradingView

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