Bitcoin (BTC) Price Prediction and Analysis: Bulls Aim to Reclaim $70K as Market Cap Surges

Bitcoin (BTC) is among the gainers in today's session, as seen from its price movements. An in-depth analysis shows that the Alligator lines (blue, red, green) are spread out, indicating a trend.

After a bearish start to the week, bulls are now in control in today’s session, as seen from the increase in the global market cap and most top crypto prices. As of press time, the total cap stood at $2.39 trillion, showing a 3.6% increase over the last 24 hours. Meanwhile, the total trading volume dropped by 1.46% over the same period to stand at $82.11 billion as of press time.

The recent market performance is a shift from the bearish trend seen on Monday, where most crypto prices dropped, leading to a decrease in the global market cap, as seen in our previous market overview report. However, today’s session shows a recovery from the recent bearish trend.

Bitcoin Price Review

BTC/USD Chart by TradingView

Bitcoin, $BTC, is among the gainers in today’s session, as seen from its price movements. An in-depth analysis of the BTC 4-hour chart shows the Alligator lines (blue, red, green) are spread out, indicating a trend. Recently, the lines have shown signs of convergence, suggesting potential consolidation or a trend change.

On the other hand, we see that the Awesome Oscillator (AO) histogram is positive and green, indicating bullish momentum. The recent histogram bars show a mix of red and green, suggesting a weakening bullish momentum or a potential trend reversal. As of press time, Bitcoin traded at $67,576, showing a 3.79% increase over the last 24 hours.

Ethereum Price Review

ETH/USD Chart by TradingView

Ethereum, $ETH, is also among the gainers in today’s session, as seen from its price movements. Looking at an in-depth analysis of the ETH 4-hour chart, we see that the Bollinger bands are wide, indicating high volatility. The price bouncing back from the lower band suggests a potential upward movement towards the middle or upper band.

On the other hand, we see that the ADX Indicator is at 38.27, indicating a strong trend. The trend direction appears to be recovering from a recent downward move. As of press time, Ethereum traded at $3,252, showing a 3% increase over the last 24 hours.

Conflux Price Review

CFX/USD Chart by TradingView

Conflux, $CFX, is also among the gainers in today’s session, as seen from its price movements. Looking at an in-depth analysis of the CFX 4-hour chart, we see that the Supertrend indicator shows a green area, indicating a buy signal. The Conflux price is above the trendline, supporting bullish momentum.

On the other hand, we see that the Woodies CCI value is above 100, indicating a strong bullish trend. The recent spikes support continued upward momentum. As of press time, Conflux traded at $0.1683, showing a 15.85% increase over the last 24 hours.

JasmyCoin Price Review

JASMY/USD Chart by TradingView

JasmyCoin $JASMY is among the gainers in today’s session, as seen from the price movements. Looking at in-depth analysis, we see that the JasmyCoin price is trading near the upper boundary of the cloud, indicating potential bullish movement if it breaks through. The cloud’s future span indicates possible support or resistance areas.

On the other hand, we see that the Volume Oscillator shows increased volume activity, which could precede a significant price movement. As of press time, JasmyCoin traded at $0.02934, showing a 12.22% increase over the last 24 hours.

ORDI Price Review

ORDI/USD Chart by TradingView

ORDI $ORDI is also among the gainers in today’s session, as seen from the price movements. Looking at an in-depth analysis, the ORDI price is near the upper channel, indicating potential resistance. A breakout above could signal further upward movement.

On the other hand, we see that the RSI Indicator is at 57.13, indicating mild bullish momentum. The RSI is rising from the oversold region, suggesting continued upward movement. As of press time, ORDI traded at $38.92, showing an 11.52% increase over the last 24 hours.

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