As a seasoned crypto investor with a decade of experience under my belt, I’ve learned to navigate through the volatile seas of digital currency markets with a steady hand and a patient heart. The latest surge in coin prices, as per CoinStats, is indeed an exciting development. However, I remember all too well the Bitcoin (BTC) bubble of 2017, so I’m not jumping aboard just yet.
The prices of most of the coins are rising, according to CoinStats.
BTC/USD
The rate of Bitcoin (BTC) has gone up by 1.53% since yesterday.
On an hourly basis, Bitcoin’s price is surpassing its immediate resistance level at around $93,908. If the day’s closing price stays above this point without a significant drop (indicated by a short wick), we might expect further growth towards the $95,000 region in the near future.
Looking at the long-term perspective, the primary cryptocurrency has shown growth following an unsuccessful breach of the $91,407 mark. Yet, Bitcoin may require additional time to gather momentum for further upward progression.
In this case, sideways trading in the narrow range of $93,000-$95,000 is the most likely scenario.
Looking from a midpoint perspective, both parties find themselves in a comparable position since neither possesses sufficient momentum to take control. For the bulls to consider additional growth, they must first push the rate back up towards and beyond the $99,000 threshold.
Bitcoin is trading at $94,212 at press time.
Read More
- EUR ARS PREDICTION
- EUR CAD PREDICTION
- LUNC PREDICTION. LUNC cryptocurrency
- CHR PREDICTION. CHR cryptocurrency
- SAFE PREDICTION. SAFE cryptocurrency
- USD BRL PREDICTION
- XRP PREDICTION. XRP cryptocurrency
- EUR MYR PREDICTION
- LDO PREDICTION. LDO cryptocurrency
- POL PREDICTION. POL cryptocurrency
2024-11-27 18:18