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šŖ Bitcoin is sitting around $106,300 and finally breaking out of the descending channel thatās been trapping price for weeks.
Weāre also seeing BTC pushing above the key $105,000 resistance zone, which has acted as a strong rejection area multiple times before. If todayās candle closes above $105k, this breakout could easily extend toward $108,500ā$109,000 in the coming sessions.
š Structure-wise, we had a clean breakout, and now price is retesting the breakout zone ā this area could flip into new support if buyers defend it. If we stay above $105k, momentum should build up for another leg higher toward $112kā$115k mid-term.
ā ļø Short-term watch: a fakeout back under 105k could trigger a quick dip to $100kā$98k, where the next liquidity pocket sits.
#ETHBreaks3700 #BTCčµ°åæåę #BTCāļø #BTCā Bitcoin Holds $113K as Liquidity Thins, Traders Turn Defensive Before Fed Week The moves come ahead of a pivotal Federal Open Market Committee (FOMC) meeting on Oct. 28ā29, where officials are widely expected to cut benchmark rates by 25 basis points to the 4.00%ā4.25% rangeBitcoin hovered near $113,000 in Asian afternoon hours Wednesday as traders positioned cautiously ahead of this weekās Federal Reserve policy decision, with fading liquidity and a stronger dollar weighing on sentiment across risk markets.
The worldās largest cryptocurrency remained up 4.5% over the past week but slipped 0.7% in the past 24 hours, mirroring modest losses across major tokens. Ether ETH $4,028.82 traded at $4,028, down 1.4%, while Solanaās SOL and Binanceās BNB each declined about 2%. XRP held slightly higher near $2.62, extending a strong seven-day run as traders rotated into high-volume tokens.
XRP on the verge of taking off, a key signal shows a trend recovery
Crypto traders, always on the lookout for a sign of a rebound, have reason to rejoice. XRP finally seems to be showing signs of life after months of stagnation. A "mini-golden cross" is approaching, a technical signal often heralding a rapid bullish trend. With a recent breakthrough above its descending wedge pattern, XRP is currently well above its key moving averages. This mini-golden cross, although less publicized than the 50/200 EMA one, could very well awaken the markets. #Xrpš„š„ #TradingCommunity $XRP
XRP on the verge of takeoff, a key signal shows a trend recovery
Crypto traders, always on the lookout for a sign of a rebound, have reason to rejoice. XRP finally seems to be showing signs of life after months of stagnation. A "mini-golden cross" is approaching, a technical signal often heralding a rapid bullish trend. With a recent breakthrough above its descending wedge pattern, XRP is currently well above its key moving averages. This mini-golden cross, although less publicized than the 50/200 EMA one, could very well awaken the markets. #Xrpš„š„ #TradingCommunity $XRP
XRP emerges from a significant consolidation figure
After undergoing a severe correction at the beginning of the year, XRP has managed to recover in recent weeks. The token has gained 9% over the period, reducing its losses over 90 days to about 24%. This recovery comes with a major technical signal: the successful breakout of a symmetrical triangle, a classic pattern often signaling a bullish reversal.