Unexpected Bitcoin breakthrough pushes market to edge
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions.
Support levels for Bitcoin are now pegged at $53,000 and $49,645, which align with the recent consolidation range and the 50-day moving average, respectively. These levels are crucial for Bitcoin to maintain its bullish momentum. On the resistance side, the immediate hurdle lies at $58,000, followed by the psychological and substantial barrier of $60,000.Bitcoin's trend is bullish, with the asset trading well above its moving averages, a sign that could indicate sustained bullish pressure.
If the buying pressure maintains its course, Ethereum could comfortably reach and potentially surpass $3,500. This would likely be fueled by continued positive sentiment on the market, advancements in the Ethereum network and increasing adoption of its blockchain.is currently at a crucial point that could define its trajectory in the coming weeks. Currently trading at around $0.09152, DOGE has been experiencing an uptick in buying pressure, pushing it toward a key resistance level at $0.092.
The trend for DOGE is currently bullish, with the price above both the 50-day and 100-day moving averages, indicating positive sentiment among traders. The moving averages are sloping upward, suggesting that the trend has strength and may continue.Arman strongly believes that cryptocurrencies and the blockchain will be of constant use in the future. Currently, he focuses on news, articles with deep analysis of crypto projects and technical analysis of cryptocurrency trading pairs.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin (BTC) Price Shows Resilience With Strong Accumulation IndicatorsData shows strong accumulation and investor belief in future potential of Bitcoin
Read more »
Bitcoin NFT NodeMonkes Sells for $1M as BTC Inches Toward $69KShaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.
Read more »
Bitcoin (BTC) Price Hits New All-Time High Against Euro and British Pound Following Latest SurgeCrypto Blog
Read more »
Bitcoin (BTC) Hits New Peak in Euro; Which Fiat Currencies Are Left?Bitcoin has soared to new all-time high against euro and several other fiat currencies
Read more »
Key Reasons Why Bitcoin (BTC) Just Reached New All-Time HighBitcoin (BTC) has shattered its previous all-time high, soaring above $69,200
Read more »
Solana (SOL) Predicted to Make Major Gains Against Bitcoin (BTC)Solana is now the fouth-biggest cryptocurrency by market cap
Read more »