简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:Since Jan. 24, Bitcoin has been rising above an ascending support line.
Since Jan. 24, Bitcoin has been rising above an ascending support line. Thus far, the cryptocurrency has confirmed the line many times, and the subsequent rebound has resulted in the continuous upward movement.
The price is rapidly approaching the $44,000 horizontal resistance line, which BTC has not traded above since the first week of January.
Wednesdays price decline was brief, as bitcoin surged to a fresh three-week high above $43,000.
The majority of altcoins have also entered the green zone, led by Dogecoin, Shiba Inu, Cardano, and NEAR Protocol.
It was less than a week ago that the worlds most valuable cryptocurrency landed at just over $40,000, and the community was fearful that the commodity might go below that coveted threshold.
However, the situation immediately shifted, and Bitcoin began an incredible run that culminated in a price of $42,000-plus.
Following that, a minor pullback dropped bitcoin down to $41,000. Nonetheless, the bulls rallied and drove BTC higher.
For the first time since March 4, the cryptocurrency reached and momentarily notched over $43,000 this time.
As a result, bitcoin is presently about 5% higher than it was last week at this stage, despite recent price volatility.
The BTC/USD pair attempted to crack and secure its highest levels in weeks Thursday, according to data from TradingView.
The pair had consolidated the previous day, with lower timeframe sideways activity giving way to a “grind” upwards that drove Bitcoin to near the $44,000 – a level not seen since March 3.
Terra, which had gained notice because to its aspirations for a massive $10 billion BTC allocation, was said to have transmitted Tether (USDT) from an alleged wallet valued at about $750 million at the time of writing.
Do Kwon, Terra‘s co-founder, initially stated a target of $10 billion for backing the firm’s new US dollar stablecoin, followed by $3 billion in a weekend interview, but confirmed on Tuesday that the final crosshair was $10 billion.
Despite the apparent inflow of liquidity, the atmosphere among traders was leaning toward confidence, as was the spot price.
Credible Crypto, a popular Twitter account, specifically targeted people looking to buy in at prices below $40,000.
“Sub 40k $BTC sellers sweating at the moment as $125 million chunks of fiat are being deployed into BTC 10% higher than where they sold.”Meanwhile, bitcoin has retraced approximately a few hundred dollars and is now trading around $42,000. It resumed the strong push hours later and is currently trading near $43,000, having reached a new three-week high earlier in the day.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Know the reality behind forex trading gurus, examining their deceptive tactics, inflated promises, and the risks associated with trusting them for financial advice.
Webull introduces commission-free SMSF trading, offering over 3,500 US and Australian ETFs, with no brokerage fees and enhanced portfolio tools.
Modern markets are revolutionized by automated trading systems, which now execute 70-85% of all transactions. These advanced automated trading software solutions, commonly called trading robots or Expert Advisors (EAs), leverage algorithmic precision for automatic trading across forex, stocks, and commodities 24/7. By removing emotional interference and executing trades in microseconds, auto forex trading platforms create fair opportunities for all market participants. For those new to automated trading for beginners, these systems provide disciplined, backtested strategies while significantly reducing manual effort.
Discover how reliable AI Forex trading signals are and why using a regulated broker boosts their effectiveness. Learn key factors to evaluate accuracy and enhance your trading.