As a seasoned crypto investor with a decade of experience under my belt, I’ve seen enough market swings to last a lifetime. The green trend today on CoinMarketCap is music to my ears, but I’m not dancing just yet.
The market is again mainly green, according to CoinMarketCap.
BTC/USD
The price of Bitcoin (BTC) has increased by 1.79% over the last 24 hours.
As a researcher, I’ve noticed that the hourly chart indicates a bounce-back in Bitcoin’s rate from the local support at approximately $97,367. If today’s daily bar ends significantly away from this level, there could be a potential test of the resistance at around $99,414 by tomorrow.
Looking at a larger time perspective, traders ought to focus on the newly established resistance level around $99,100. Should a false breakout occur, it may lead to a quick correction towards the $94,000 area.
Looking at the midpoint, we haven’t seen any signs suggesting a reversal just yet. Instead, it would be beneficial to concentrate on where the weekly candle will close, particularly focusing on its high point.
If it happens with no long wick, growth may continue to the vital area of $100,000.
Bitcoin is trading at $98,333 at press time.
Read More
- FIS PREDICTION. FIS cryptocurrency
- LUNC PREDICTION. LUNC cryptocurrency
- Tips For Running A Gothic Horror Campaign In D&D
- Luma Island: All Mountain Offering Crystal Locations
- EUR CAD PREDICTION
- DCU: Who is Jason Momoa’s Lobo?
- XRP PREDICTION. XRP cryptocurrency
- OSRS: Best Tasks to Block
- How to Claim Entitlements In Freedom Wars Remastered
- The Best Horror Manga That Debuted In 2024
2024-11-22 19:02