As a seasoned crypto investor with over a decade of experience in this volatile market, I’ve learned to ride the waves and not get swept away by the tides. The current dip in the top 10 coins, including Bitcoin (BTC), doesn’t faze me. It’s just another day in the life of a crypto investor!
The prices of the top 10 coins remain in the red zone, according to CoinStats.
BTC/USD
The rate of Bitcoin (BTC) has declined by 1.93% over the past 24 hours.
On the one-hour timeframe, Bitcoin’s price has surged following an unsuccessful breach of its nearby support at $60,703. Should the daily candlestick end near resistance, this upward trend is expected to persist towards the $62,400 zone.
Looking ahead on a larger scale, it’s premature to anticipate a swift turnaround. Instead, keep an eye on the significant area around $60,000 in the meantime.
If it breaks out, the accumulated energy might be enough for a test of the $59,000 mark soon.
Looking at the midpoint, the current pace of the primary cryptocurrency is quite distant from significant thresholds, suggesting that major price swings may not occur imminently. This assessment is further supported by the decreasing trading volume.
Bitcoin is trading at $61,222 at press time.
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2024-10-02 19:01