Bulls have begun the new week by growing, according to the CoinMarketCap ranking.
Top coins by CoinMarketCap
BTC/USD
Bitcoin (BTC) is one of the coins that has grown the least, going up by less than 1%.
BTC/USD chart by TradingView
On the hourly chart, Bitcoin (BTC) has bounced off the recently formed level at $30,012. Bulls could hold this level; however, if the pressure continues, there is a chance to see a sharp drop below $30,000 until the end of the day.
BTC/USD chart by TradingView
On the daily time frame, Bitcoin (BTC) remains trading in the middle of a wide range, which means that the coin is still accumulating efforts for a further sharp move. If the price approaches $31,000, one can expect the possible test of the resistance at $32,950 within the next few days.
BTC/USD chart by TradingView
From the mid-term point of view, the continued fall of Bitcoin (BTC) may have stopped as the rate is above the important $30,000 mark. If bears cannot seize the initiative and the selling volume remains low, the current weekly candle might become bullish for the leading cryptocurrency.
Bitcoin is trading at $30,232 at press time.
Any financial and market information given on U.Today is written for informational purposes only. Conduct your own research by contacting financial experts before making any investment decisions.
Recommended Content
Editors’ Picks
Crypto Today: WazirX exploiter moves nearly $12 million Ether to new address, Bitcoin, ETH post gains
Bitcoin trades above $58,000 at the time of writing, adding 2% to its value this week. Ethereum hovers around $2,300 as WazirX exchange exploiter moves 5,000 Ether to a new wallet address and a crypto mixer.
Bitcoin Weekly Forecast: On the road to $60,000
Bitcoin price retested and bounced off from the daily support level of $56,000 this week. US spot Bitcoin ETFs posted $140.7 million in inflows until Thursday and on-chain data supports a bullish outlook.
OpenAI releases new series of models, likely driver of Artificial Intelligence tokens market cap
OpenAI, an American artificial intelligence research organization headed by Sam Altman of the Worldcoin (WLD) project, made a key announcement on September 12.
Bitcoin and Ethereum traders could watch this signal for the next bull run
Crypto mining is the process by which new Bitcoin and Ethereum enter circulation. Data from crypto intelligence tracker shows that wallets of Bitcoin and Ethereum miners noted a decline in their holdings of the assets in the first half of the year.
Bitcoin: On the road to $60,000
Bitcoin (BTC) has risen 6% so far this week, an upward trend that will likely continue following Wednesday’s successful retest of the $56,000 daily support level. A rally towards $60,000 looks likely in the upcoming week as US-listed spot Bition Exchange-traded Funds (ETF) registered net inflows and BTC’s exchange flow balance and supply on exchanges decreased.
Moneta Markets review 2024: All you need to know
VERIFIED In this review, the FXStreet team provides an independent and thorough analysis based on direct testing and real experiences with Moneta Markets – an excellent broker for novice to intermediate forex traders who want to broaden their knowledge base.