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  • 2 days ago
Bitcoin held near $71,000 as analysts point to potential breakouts across major cryptocurrencies including Ethereum, Solana, and Dogecoin.
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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Bitcoin held near $71,000 as improving sentiment lifted crypto markets, according to Benzinga.
00:08Bitcoin ETFs recorded $66.7 million in net outflows on Tuesday,
00:13while Ethereum ETFs saw $40.8 million in net outflows.
00:18Mean coin market capitalization rose 1.3% over 24 hours to $35 billion.
00:24Analyst Ali Martinez said Bitcoin is nearing a breakout from a right-angle descending broadening wedge
00:30with $75,700 as a potential target.
00:34Martinez said Ethereum's daily supertrend flipped bullish for the first time since May last year
00:39and could start a new uptrend if $1,800 holds.
00:43He added that Solana could reach $102 if it breaks $95 resistance.
00:48Analyst Crypto and Psyduck said XRP's liquidity setup favors upside
00:53with $310 million in short liquidations above current levels versus $112 million below.
01:00TraderCW said Dogecoin is nearing a breakout from a six-month downtrend.
01:04For all things money, visit Benzinga.com.
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