Dukascopy Bank Team
Dukascopy Bank SA
BTC/USD daily chart: Two scenarios likely
The Bitcoin cryptocurrency continued to trade below the $60,000 mark since last week's trading sessions.
Technical indicators suggest selling signals on the 4H time-frame chart. Most likely, bearish traders are likely to pressure the BTC/USD exchange rate lower during this week's trading sessions.
However, if the cryptocurrency exchange rate breaks the resistance level at the 65,000 area, buyers could target the $75,000 level in the next few weeks.
ETH/USD daily chart: Breaks $4000 mark
The Ethereum cryptocurrency has continued its bullish trend against the US Dollar. The second-largest cryptocurrency by market capitalization, surged past $4,000 to hit a new record high at $4300 this week.
Technical indicators suggest buying signals on the 4H, daily and weekly time-frame charts. Therefore, buyers may continue to push the cryptocurrency Ether higher in the next few weeks.
However, the ETH/USD exchange rate could make a pullback towards the $3500 mark in the shorter term.
This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.
Recommended Content
Editors’ Picks
PENDLE price soars 10% after Arthur Hayes’ optimism on Pendle derivative exchange
Pendle (PENDLE) price is among the top performers in the cryptocurrency market today, posting double-digit gains. Its peers in the altcoin space are not as forthcoming even as the market enjoys bullish sentiment inspired by Bitcoin (BTC) price.
Ethereum shows signs of a potential rally as suspected Justin Sun wallet buys heavily
Ethereum's (ETH) recent price movement hints at a potential rally despite ETH ETPs recording outflows. The recent price improvement follows the fourth Bitcoin halving and a suspected Justin Sun wallet purchasing large numbers of ETH.
Floki poised for growth after listing on Revolut
Floki's (FLOKI) team announced in an X post on Monday that the meme coin would be listed on the popular neobank and Fintech platform Revolut. Floki could rise further following key partnerships to boost retail usage.
Jupiter DEX second Launchpad vote concludes, JUP price rises 5%
Jupiter, a Solana-based decentralized exchange (DEX) has completed the second launchpad (LFG) vote to identify the two projects that will debut on its platform. On March 30, the aggregator network had unveiled its Core Working Group (CWG) budget proposal voting.
Bitcoin: BTC post-halving rally could be partially priced in Premium
Bitcoin (BTC) price briefly slipped below the $60,000 level for the last three days, attracting buyers in this area as the fourth BTC halving is due in a few hours. Is the halving priced in for Bitcoin? Or will the pioneer crypto note more gains in the coming days?