BITCOIN & ALTCOIN HOLDERS: DON'T MISS THIS!! - Bitcoin News Today, Ethereum, Solana, XRP & Chainlink
Crypto World·2025-09-07 18:46

Market Analysis & Trends - Bitcoin is bouncing from a crucial support area, potentially confirming a new short-term price pattern, with liquidity building above the price [1] - The 3-day Bitcoin MACD is showing declining bearish momentum, potentially indicating a short-term recovery [2][4] - Bitcoin dominance chart indicates a short-term bounce, which is not good for altcoins, but the larger price structure is still bearish, suggesting a pullback that could benefit altcoins in the coming weeks [27][28] - Ethereum is bouncing around in a sideways price range between $3.9K to $4.1K support and $4.8K to $4.9K resistance, lacking momentum in either direction [29][30][31] Potential Trading Opportunities & Risks - A possible inverse head and shoulders pattern is forming on the 6-hour Bitcoin chart, with a potential bullish price target of $117K if a breakout above $113K is confirmed [9][13][14] - A breakout above $113K could open a trading opportunity towards $117K, representing a potential 3.5% to 4% move without leverage [15][16][17] - Invalidating the breakout above $113K, with candle closes back below $113K or $112K, would invalidate the pattern and the price target [18] - Solana is bouncing around sideways, with key support between $190 and $200, and resistance at $214 to $215 and major resistance at $230 [36] Altcoin Specific Analysis - XRP is testing a key level at $2.85 to $2.90, with a potential bullish relief up towards $3.38 if a daily candle closes above $2.90 [42][43] - Chainlink is showing weakness due to a bearish divergence on the daily chart, likely leading to continued sideways price action or a slight pullback in the short term [51][52]