With assets tracking double-digit outflows, the crypto market has seen major pressure. Outflows of Bitcoin (BTC) and Ethereum’s (ETH) have altered other assets, hence increasing sell pressures in February. Though there is a downturn, crypto users remain hopeful about a rise just ahead.
One token to watch closely is Remittix. Its presale token is really remarkable and has a special usage purpose. This creates one of the greatest currencies you could purchase right now. Read on to learn more.
Bitcoin Price Moves In A Tight Range Signals a Major Move Incoming
With a market capitalisation of $1.66 trillion and a 24-hour trading volume of $15.07 billion, Bitcoin’s price right now is around $84,955. Bitcoin is displaying signals of accumulation on the 1-hour chart, with a series of higher lows after recovering from $83,142. Its trading range is tightly between $83,000 and $84,500.
From the 4-hour view, Bitcoin has settled after a brief surge off the $81,138 mark. Currently trapped in a consolidation channel between $83,000 and $84,500, the asset shows resistance close to $85,000. Suggesting that any upward movement remains uncertain, the current bullish push starting on March 19–20 has thus so far failed to generate a clear breakthrough.
However, failing to hold over $83,000 might reverse momentum and cause a test of the $81,000 support zone, a breakthrough above $84,800–$85,000 could start a push above $87,000.
Ethereum Price eyes $1,800 if descending trendline support fails
Based on Coinglass statistics, Ethereum saw $25.06 million in futures liquidations during the last 24 hours. Respectively, the total long and short liquidations equal to $17.13 million and $7.93 million.
On Friday ETH is challenging the support close to a declining trendline. ETH bouncing off the trendline may retest the barrier at $2,070. On the other hand, a hard drop above the trendline may see ETH gaining support close to the $1,800 mark.
A yet further drop below $1,800 might push ETH to $1,500. Testing their moving average lines, the Relative Strength Index (RSI) and Stochastic Oscillator (Stoch) are below their neutral levels. A fall below their moving average lines would accelerate the bearish pressure. A daily candlestick close below $1,500 will nullify the thesis and maybe drive ETH near the $1,000 psychological threshold.
Remittix Is Poised To Take The Lead In PayFi
Combining blockchain technology with currency transactions, Remittix (RTX) is reinventing global payments and providing quick and reasonably priced cross-border solutions.
Remittix lets users quickly swap more than forty cryptocurrencies for fiat money. These then might be transferred immediately to any bank account anywhere. Its creative elements enable customers to manage their money entirely under control and freedom.
Remittix guarantees accessibility and inclusivity for companies and people by supporting over 50 crypto pairs and more than 30 fiat currencies, therefore simplifying world trade with its wide range of possibilities.
Moreover noteworthy is the platform’s open flat-fee structure, which provides savings and openness over outrageous fees and poor rates of exchange of traditional banks.
At $0.0734 on pre-sale, the RTX coin presents a strong investment value. Forecasts show notable increase; demand for creative cross-border payment solutions is driving a 25x multiplier in the presale phase and over 1,500% gains after launch.
As the crypto industry matures, Remittix gives investors an opportunity to engage with a business with great development potential at an early stage.
Discover the future of PayFi with Remittix by checking out their presale here:
Website:https://remittix.io/
Socials: https://linktr.ee/remittix
