BITCOIN & ALTCOINS: IT’S A TRAP (Get Ready)!!! Bitcoin News Today, Ethereum, Solana, XRP & Chainlink

This video provides an update on the current state of Bitcoin and several altcoins, including Ethereum, Solana, XRP, and Chainlink, offering price analysis and potential future movements.

Here’s a summary of the key points:

Bitcoin (BTC)

• Recently experienced a fake-out to the downside, wiping out liquidity on the liquidation heat map.
• On larger timeframes (weekly and 3-day), Bitcoin remains bullish, with a potential cup and handle pattern targeting approximately $153,000, which would only invalidate if prices fall below $110,000.
• Currently consolidating sideways just under a major resistance area of $120,000 to $123,000.
• In the immediate short term (hours to days), Bitcoin is lacking momentum in either direction, suggesting choppy sideways price action.
• Liquidity levels to watch are around $119.8K (upside) and $115.7K (downside).

Bitcoin Dominance

• A bearish divergence is still active on the 3-day chart, indicating a potential continued dump, which is generally good news for the altcoin market.

Ethereum (ETH)

• Running into significant resistance between $3.9K and $4.1K, leading to profit-taking.
• A short-term bearish divergence on the 2-hour timeframe suggests a slight pullback or choppy sideways action in the next one to two days.
• Support levels to watch are around $3.7K, $3.5K, and $3250.
• The larger trend for Ethereum remains bullish, especially if Bitcoin dominance continues to fall.

Solana (SOL)

• Attempting a breakout above the golden pocket resistance of $191 to $199.
• A daily candle close above $200 would confirm a bullish breakout, potentially leading to a move towards $230.
• The bullish cup and handle pattern has officially completed, hitting its price target.
• If the breakout fails, expect support between $180 and $185.

XRP

• A possible bearish divergence is forming on the weekly timeframe, but it’s not yet confirmed.
• A major price target is around $4.60 to $4.70.
• Short-term support is between $3.30 and $3.40, based on previous resistance flipping to support.
• XRP is looking extremely bullish and is likely to push into new all-time highs soon.

Chainlink (LINK)

• Has a massive bullish price target of around $28.
• Currently struggling at the golden pocket resistance between $20 and $21.
• If it pulls back, expect support around $17.50 to $18.
• A break above $21 could lead to the next major target of $24.30 to $25.
• A short-term bearish divergence on the 4-hour chart suggests a slight cool-off or choppy sideways action for the next couple of days.