Hedera

Bitcoin

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<ul class="news-points"> 
 <li>Cheeky Crypto argues that BTC has support levels at $50,798 and $51,219.</li> 
 <li>The analyst anticipates a Bitcoin rebound, targeting prices in the $55k range.</li> 
 <li>However, he lacked confidence in HBAR’s ability to sustain its bullish trajectory.</li> 
</ul> 
In a recent market analysis on the Cheeky Crypto YouTube channel, an analyst <a href="https://www.youtube.com/watch?v=5NReGo7xJyw&amp;ab_channel=CheekyCrypto" target="_blank" rel="nofollow">discussed</a> the potential for <a href="https://coinedition.com/bitcoin-to-100k-by-june-2024-robert-kiyosaki/">Bitcoin</a> to surpass the $55,000 threshold. He examined BTC’s candlestick patterns in the four-hour timeframe. 
Following the examination, the analyst highlighted that Bitcoin now has a support level of around $51,219, considering BTC’s 50-day simple moving average. At the same time, he proposed that if the $51,219 support fails to endure, the focus could shift to the 50-day exponential moving average (50EMA). This 50EMA provides an additional support level for BTC at $50,798. 
Besides, he identified the presence of a midlevel trend line, previously a resistance area that has now transformed into support. With these factors in play, the analyst anticipates a Bitcoin rebound. Specifically, the Cheeky Crypto presenter set his sights toward the $54,755 regions and beyond for BTC. Notably, Bitcoin currently hovers around $5…
The post <a href="https://coinedition.com/can-bitcoin-reach-55000-what-about-hedera-hashgraph-hbar/">Can Bitcoin Reach $55,000? What About Hedera Hashgraph (HBAR)?</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Can Bitcoin Reach $55,000? What About Hedera Hashgraph (HBAR)?

Coin Edition

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