As a seasoned analyst with over two decades of market experience under my belt, I must say that the current Bitcoin (BTC) trend is reminiscent of a rollercoaster ride – exhilarating and unpredictable all at once. The price increase by 2% since yesterday is a positive sign, but I’ve seen enough market fluctuations to know that we should always expect the unexpected.
Buyers keep holding the initiative at the end of the week, according to CoinStats.
BTC/USD
The price of Bitcoin (BTC) has increased by 2% since yesterday.
Regardless of its current surge, Bitcoin’s hourly chart suggests a bullish trend. If the closing price for today is near or above $65,781, it could potentially push the price up towards the $66,000 region.
Over a broader perspective, traders ought to consider the closing price of the bar relative to yesterday’s high. If the closing occurs significantly away from the previous day’s high, traders might observe a potential correction towards the $65,000 range over the weekend.
On the weekly chart, the rate of BTC is in the middle of the wide channel.
If the candle ends at its current price levels, it’s highly probable that the price movement will be relatively flat, or range-bound, within the vicinity of $65,000 to $70,000.
Bitcoin is trading at $65,781 at press time.
Read More
- SOL PREDICTION. SOL cryptocurrency
- TON PREDICTION. TON cryptocurrency
- BTC PREDICTION. BTC cryptocurrency
- USD PHP PREDICTION
- LUNC PREDICTION. LUNC cryptocurrency
- USD COP PREDICTION
- Strongest Magic Types In Fairy Tail
- ENA PREDICTION. ENA cryptocurrency
- USD ZAR PREDICTION
- GLMR PREDICTION. GLMR cryptocurrency
2024-09-27 19:12