Summary
- Bitcoin (BTC) has confirmed an upward momentum by breaking through the upper boundary of the Ichimoku Cloud.
- The major support level for Bitcoin is $88,550, and if it breaks through $100,000, it could potentially reach $109,000.
- Major altcoins still have not broken through the upper boundary of the Ichimoku Cloud, indicating a lack of upward momentum.
Bitcoin (BTC) has turned bullish, while major altcoins have yet to show clear signs of an upward trend, according to analysis.
On the 23rd (local time), cryptocurrency media outlet CoinDesk reported, "BTC has confirmed a shift in upward momentum by breaking through the upper boundary of the Ichimoku Cloud indicator."
The media outlet predicted, "The current major support level is $88,550, and if it breaks through the psychological resistance level of $100,000, there is potential to rise to $109,000."
On the other hand, major altcoins such as Ripple (XRP), Dogecoin (DOGE), Ada (ADA), Ethereum (ETH), and Solana (SOL) have not yet broken through the upper boundary of the Ichimoku Cloud, indicating limited upward potential.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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