As a seasoned researcher with years of experience tracking the volatile world of cryptocurrencies, I’ve seen more than a few rollercoaster rides in this space. Today, it appears we’re taking a gentle cruise rather than a wild dive or soaring flight.
On the final day of this week, I observed that the majority of cryptocurrencies are displaying positive trends, based on data from CoinMarketCap.
BTC/USD
The price of Bitcoin (BTC) has risen by 0.81% over the past 24 hours.
On the 1-hour graph, Bitcoin’s price is attempting to reclaim the nearby resistance point at around $60,242. Should buyers succeed in this, a potential breakthrough could propel the price towards approximately $61,000.
Looking at a larger perspective, the primary cryptocurrency’s price is quite distant from crucial thresholds. The trading volume has decreased significantly, indicating that neither party seems prepared for a sudden, substantial shift.
For the upcoming days, it’s expected that the price will continue to fluctuate around the range of $59,000 to $61,000.
Looking from a midterm perspective, things appear much the same. The current trading rate falls within the parameters of the last weekly candle, indicating a balance of buying and selling forces with neither gaining significant control. In other words, major price fluctuations are not expected to occur in the near future.
Bitcoin is trading at $59,860 at press time.
Read More
- USD ZAR PREDICTION
- SOL PREDICTION. SOL cryptocurrency
- EUR ILS PREDICTION
- CKB PREDICTION. CKB cryptocurrency
- ASTO PREDICTION. ASTO cryptocurrency
- LBT PREDICTION. LBT cryptocurrency
- OOKI PREDICTION. OOKI cryptocurrency
- HUDI PREDICTION. HUDI cryptocurrency
- Best Turn-Based Dungeon-Crawlers
- UFO PREDICTION. UFO cryptocurrency
2024-08-18 18:40