Crypto Market at Pivotal Point – Can It Maintain Its Position Above Support?

Can Crypto Hold $2.237 Trillion? Watching the 0.382 Fib Support

The crypto market's ability to hold above the 0.382 Fib support at around $2.237 trillion would signify a bullish turn, suggesting the correction phase might be ending.

• If the market fails to maintain this support level, a correction to the golden ratio support around $1.9 trillion becomes possible.
• In the event of a further bearish move, crucial Fibonacci support at approximately $1.45 trillion would come into play.

Three Weeks Strong: Crypto Above $2.237 Trillion Fib Support

The crypto market's stability above the 0.382 Fib support for three weeks is significant, but the lack of substantial upward momentum is concerning.

Impending bearish crossover of MACD lines and bearish trend in MACD histogram add to the cautious sentiment.

Crypto Market Sees Recovery After Recent Decline

Despite partial recovery breaching the 50-day EMA resistance, the market resumed its corrective trend.

Daily chart indicates a bullish trend in the short-medium term with early signs of bullish momentum.

• MACD histogram shows early signs of an upward tick.
• Potential resistance levels range from $2.617 trillion to $2.72 trillion.

Death Cross Alert: What the 4H Chart Reveals About Market Trends

Formation of a death cross in the 4-hour chart confirms bearish trend in the short term.

RSI remains neutral despite bearish indicators; market needs to surpass $2.5 trillion to signal end to corrective phase.

Bitcoin Hits Key Fibonacci Support

BTC price recovery requires crossing golden ratio level of $68,400.

Resistance encountered; corrective phase initiated, hovering around $64,336 Fibonacci support.

If support level breached, next significant support expected around $62,250.