Is Bitcoin beginning to look like Christmas?
The weekly close itself was encouraging for some, forming Bitcoin’s highest since theNow, traders were hoping that upside would continue toward $20,000, with various resistance zones in play.
“Slowly, but surely, Bitcoin is grinding upwards. Needs to crack $17.4-17.6K, but then we most likely continue quite fastly towards $19K,” Michaël van de Poppe, founder and CEO of trading firm Eight,BTC/USD annotated chart. Source: Michaël van de Poppe/ Twitter$18,500 as a formidable resistance zone to watch, while a daily close above $17,167 would be “encouraging.”alongside a chart showing $17,552 as clinch level on daily timeframes.
The U.S. dollar remained a focus within the macro picture, with the U.S. dollar index near five-month lows in what could yet be a boon for Bitcoin.Sven Henrich, founder of NorthmanTrader, meanwhile noted the ongoing inverse correlation between DXY and the S&P 500. "A key chart to navigating markets in past few months: The US dollar $SPX directional correlation. Still sitting at 95%," part of Twitter commentsThe views, thoughts and opinions expressed here are the authors’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Bitcoin analysts eye weakening US dollar as BTC price fights for $17KBTC price takes on $17,000 into the weekly close with Bitcoin analysts eyeing U.S. dollar weakness.
Weiterlesen »
Bitcoin, Ethereum Technical Analysis: BTC Races to 3-Week High on Monday – Market Updates Bitcoin NewsBitcoin was trading above $17,000 on Monday, as the world’s largest cryptocurrency raced to a three-week high.
Weiterlesen »
DOGE Soars 6%, BTC Stuck at $17K Amid Low Trading Volumes (Weekend Watch)Dogecoin is the best performer from the larger-cap alts, while CELO and NEXO have gained the most from the mid-caps.
Weiterlesen »
Bitcoin Pulls Above $17K as Axie Infinity (AXS) Skyrockets 23% (Market Watch)Bitcoin managed to register its highest price tag in just over 20 days.
Weiterlesen »
Bitcoin Above $17K as Unwinding of ‘Fed Trade’ Lifts US StocksBitcoin bounces back above $17,000 despite trading at a significant discount following the collapse of crypto exchange FTX. Arca Head of Research Katie Talati joins “First Mover” to discuss major crypto price actions and notable token activities of SRM, AAVE and APE. Plus, the latest on the correlation between digital assets and the traditional market.
Weiterlesen »
Swingby Partners With Chainlink To Secure Bitcoin Bridge – Press release Bitcoin NewsPRESS RELEASE. Swingby has recently announced a newly established partnership with Chainlink for Proof of Reserve. The recently publicized partnership is
Weiterlesen »