Источник CryptoPotato.com, Sofia, Bulgaria
Заголовок BTC Price Analysis: Is Bitcoin Targeting $70K in the Short Term?
Дата 20240928

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BTC Price Analysis: Is Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Targeting $70K in the Short Term?

BTC Price Analysis: Is Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Targeting $70K in the Short Term?

Author: CryptoVizArt

Last Updated Sep 28, 2024 @ 15:18

Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin’s price has broken post a key level recently and is seemingly
targeting a new all-time high in the short term.

Technical Analysis

By Edris Derakhshi (TradingRage)

The Daily Chart

On the daily chart, the price has finally broken above the $64K level and the
200-day moving average, which is located around the same mark.

With the RSI also showing a clear bullish momentum, the cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта will
likely continue its uptrend toward the $68K resistance zone in the short term.

Otherwise, in case of a correction, the 200-day moving average is still likely
to hold the price and push the market higher. Source: TradingView

The 4-Hour Chart

Looking at the 4-hour timeframe, the price has been creating higher highs and
lows ever since its rebound from the $52K support level.

The market’s bullish move has created a clear trendline, which has been
supporting Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin for weeks. If this trend remains intact, it will only be a
matter of time before the market reaches the $68K level.

On the other hand, if the trendline gets broken to the downside, at least a
pullback to the $60K level would be probable. Source: TradingView

On-Chain Analysis

By Edris Derakhshi (TradingRage)

Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Short-Term Holder SOPR

During the recent Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin price consolidation and gradual correction, many
short-term holders, even those not in profit, panicked and sold their coins.
This chart shows the Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Short-Term Holder SOPR, which measures the ratio
of profits/losses realized by short-term investors.

As the chart suggests, the STH SOPR made a new record high when the price hit
$70K first, but it has rapidly declined during the past few months. Short-term
holders have even been realizing losses since July, as the metric has dropped
below one. However, with the recent price rally, these investors are now
realizing profits once again.

While this is a natural behavior in bull markets, if the selling pressure
resulting from this profit-taking is not met with sufficient demand, the price
could drop lower again. Source: CryptoQuant

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Cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта charts by TradingView.

Tags: Bitcoin (BTC• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin) Price

============= Итог: 4,0320 ; Экономика#Финансы#Платежные средства#Платежные системы интернета #Криптовалюта#Bitcoin


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