As a seasoned financial analyst with over a decade of experience in the cryptocurrency market, I have seen my fair share of bull and bear markets. Today, based on the latest data from CoinStats, I am seeing a strong trend of bullish control in the market. The price of Bitcoin (BTC) has shown a robust increase of 2.57% over the past 24 hours.
Bulls are controlling the situation on the market today, according to CoinStats.
BTC/USD
The price of Bitcoin (BTC) has increased by 2.57% over the last 24 hours.
On the hourly chart, Bitcoin’s price is making an effort to break above the $69,000 resistance level. Should buyers manage to sustain control and close the current candle without a large wick, the price rise could potentially extend towards $70,000.
In the long term perspective, the primary cryptocurrency continues to trend upward as long as its value exceeds the $68,433 mark.
If the situation does not change, traders may see ongoing growth to the $70,000-$71,000 range.
Looking at the midpoint of the recent price movement, the market is approaching the historic peak of $73,794 to assess its resistance. Should the weekly closing price remain near current levels, there’s a potential for further upward momentum.
Bitcoin is trading at $68,938 at press time.
Read More
- LUNC PREDICTION. LUNC cryptocurrency
- BTC PREDICTION. BTC cryptocurrency
- USD COP PREDICTION
- MNT PREDICTION. MNT cryptocurrency
- Ethereum (ETH) Crashes Dramatically, What’s Next? Solana (SOL) Can Still Reach $200, XRP Struggling Before $0.63 Test
- ETHW PREDICTION. ETHW cryptocurrency
- SOL PREDICTION. SOL cryptocurrency
- Lucky Animal Crossing: New Horizons Player Discovers Infinite Clam Glitch
- I Physically Need WWE 2K25’s Showcase to Feature The Bloodline
- Cardano Enters Chang Hard Fork Era With Node 9.1.0 Upgrade
2024-07-27 21:42