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Bitcoin Runs Into Resistance Cluster Above $88K. What Next?
Behavioural aspects of trading could influence whether bitcoin continues its rally or faces a new downturn from the resistance zone.
Apr 22, 2025, 8:13 a.m.
What to know:
- Bitcoin faces a crucial resistance zone above $88,000, with the 200-day simple moving average at $88,356 being a key level.
- The ichimoku cloud and the swing high from March 24 are located at around the 200-day SMA.
- Traders' behavior at this resistance zone could influence whether bitcoin continues its rally or faces a new downturn.
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Solana CME Futures Fell Short of BTC and ETH Debuts, but There's a Catch
When adjusted for asset market capitalization SOL's relative futures volume looks better, K33 Research noted.
Ano ang dapat malaman:
- Solana's SOL futures began trading on the Chicago Mercantile Exchange (CME) on Monday, with a notional daily volume of $12.3 million and $7.8 million in open interest, significantly lower than the debuts of bitcoin (BTC) and ether (ETH) futures.
- Despite the seemingly lackluster debut, when adjusted to market value, SOL's first-day figures are more in line with BTC's and ETH's, according to K33 Research.
- Despite the bearish market conditions, the launch of CME SOL futures offers new ways for institutions to manage their exposure to the token, said Joshua Lim of FalconX.
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