The pair may then drop to the 20-day EMA, which is a crucial level to watch for. If the price rebounds off the 20-day EMA with force, the bulls will again try to resume the uptrend. A break and close below the 20-day EMA could start a deeper correction toward $2. The BTCUSDT pair could slide to the $90,000 support, where the bulls are expected to mount a strong defense. If the price rebounds off $90,000 and rises above the moving averages, it will signal solid demand at lower levels. What are the critical support levels on Bitcoin that may start a rebound?
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Zurcoin Markets
- The asset’s rise has been driven by multiple factors, with the approval of the spot exchange-traded fund (ETF) in the United States serving as a major catalyst early in the year.
- At the cycle’s apex, we project Bitcoin to be valued at around $180,000,” the analysts noted.
- Although buyers failed to push the price above $100,000, they have not ceded much ground to the sellers.
- Crypto mining firm Blockware Solutions said in a market forecast report viewed by Cointelegraph that Bitcoin’s base case target for 2025 is $225,000.
- On the other hand, some experts have shared the possible impact of a Bitcoin reserve on the cryptocurrency’s price in 2025.
- Zurcoin (ZUR) is trading at $1.14 USD, increasing by 5,583.79% since yesterday.
If the price rebounds off the 20-EMA, the bulls will make one more attempt to push the pair above $740. Along with Bitcoin (BTC), traders also seem to be bullish on Ether ETHUSD. The United States spot Ether exchange-traded funds (ETFs) witnessed massive inflows of over $2.5 billion in December, nearly double that of November. Asset management firm VanEck has a target of more than $6,000 for Ether in 2025. Zurcoin (ZUR) is trading at $1.14 USD, increasing by 5,583.79% since yesterday. Using a crypto portfolio tracker has become more convenient than it was in the past.
The 4-hour chart is forming a head-and-shoulders pattern, which will complete on a break and close below the neckline. If the price stays below the neckline, the pair could plummet to $85,000 and then to the pattern target of $76,647. The pair has formed a bullish ascending triangle pattern on the 4-hour chart, which will complete on a break and close above $203. If that happens, the pair could rally toward its pattern target of $228. If the price rises and stays above the moving averages, the pair may rise to the resistance line.
- Would you like to know how many cryptocurrencies 1 ZUR is equivalent to other cryptocurrencies or vice versa?
- Before engaging in crypto trading, please consult with a financial advisor to ensure it aligns with your financial goals and risk tolerance.
- The Zurcoin price page is just one in Crypto.com Price Index that features price history, price ticker, market cap, and live charts for the top cryptocurrencies.
- That could open the doors for a retest of the all-time high at $108,353.
- This suggests that the bulls are holding on to their positions as they anticipate another leg higher.
- A significant one will be watching whether Trump follows through on his promises to the cryptocurrency space.
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On the other hand, some experts have shared the possible impact of a Bitcoin reserve on the cryptocurrency’s price in 2025. “We believe the crypto bull market will persist through 2025, reaching its first peak in the first quarter. At the cycle’s apex, we project Bitcoin to be valued at around $180,000,” the analysts noted. In a December 13 report, analysts Matthew Sigel and Patrick Bush stated that Bitcoin will likely experience a 30% price drop after reaching new highs early in the year. Following this, the market will likely undergo a period of consolidation in the summer before a final price surge toward the end of 2025. Geoff Kendrick, the bank’s Global Head of Digital Assets Research, said institutional investors would drive the $200,000 valuation, with inflows maintaining or surpassing 2024’s pace.
A break and close above the triangle would increase the likelihood of the resumption of the uptrend. If buyers want to retain the advantage, they will have to swiftly drive the price above $362. If they manage to do that, the pair zurcoin price chart could retest the overhead resistance at $400. Sellers are expected to mount a strong defense at $400, but if the bulls prevail, the pair may start the next leg of the uptrend toward $450.
Analysis was done on daily data, so all moving averages, RSI, etc.., were calculated on a daily Zurcoin price chart. To see more analysis and outlook, please check the Zurcoin price prediction page. Contrary to this assumption, if the price turns down sharply and breaks below the moving averages, it will signal that the range-bound action may continue for a few more days. The bears will gain the upper hand on a break below the uptrend line.
ZUR Price Current Data
The analysis / stats on CoinCheckup.com are for informational purposes and should not be considered investment advice. Statements and financial information on CoinCheckup.com should not be construed as an endorsement or recommendation to buy, sell or hold. Please do your own research on all of your investments carefully. Scores are based on common sense Formulas that we personally use to analyse crypto coins & tokens. Past performance is not necessarily indicative of future results.
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At this moment, we can’t calculate the market cap as we don’t have the best approximation of the circulating supply. However, using the total supply as of Dec 31, The market capitalization of Zurcoin will be $14.2 Thousand. The Zurcoin price page is just one in Crypto.com Price Index that features price history, price ticker, market cap, and live charts for the top cryptocurrencies. On the downside, a break and close below $3.33 will be the first sign of weakness.
Complete cryptocurrency market coverage with live coin prices, charts and crypto market cap featuring coins on 926 exchanges. Both moving averages are sloping up, and the RSI is in positive territory, indicating an advantage to buyers. Buyers are expected to vigorously defend the 50-SMA because the pair may plunge to $2 if the level breaks down.
