Dukascopy Bank Team
Dukascopy Bank SA
BTC/USD tests support cluster
During last week's trading sessions, the Bitcoin cryptocurrency declined by 15.47% against the US Dollar. The decline was stopped by the 50– and 200– day SMAs on September 12.
Technical indicators suggest buying signals on the weekly time-frame chart. Most likely, buyers could pressure the BTC/USD exchange rate higher during the following trading sessions.
However, bullish traders could encounter resistance at $52,000 during this week's trading sessions.
ETH/USD two scenarios likely
The world's second-largest cryptocurrency by market cap, Ether, has declined by 21.10% since last week's trading sessions. The decline was stopped by the 50– day simple moving average on September 13.
All things being equal, the Ethereum cryptocurrency could continue to edge lower during the following trading sessions. The potential target for bears would be near the support level formed by the 200– day SMA at 2514.5.
However, if the 50– day moving average support level holds, bullish traders could pressure the exchange rate higher during the following trading sessions.
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
Ripple wipes out weekly gains, experts comment on role of Ripple stablecoin
Ripple declined to $0.52 on Thursday, erasing all gains registered earlier this week. Ripple SVP Eric van Miltenburg’s comments on the firm’s stablecoin, and how it is expected to benefit the XRP Ledger and native token XRP have raised concerns among crypto experts.
Hedera HBAR slips nearly 10% after air is cleared on mistaken link with giant BlackRock
HBAR price is down nearly 10% on Thursday, partly erasing gains inspired by the misinterpreted link with BlackRock. Despite the recent correction, Hedera’s price is up 44% in the past seven days.
The reason behind Bonk’s 105% rise and if you should buy now Premium
Bonk price has shot up 105% in the past five weeks. A retracement into $0.0000216 or the $0.0000152 to $0.0000186 imbalance would be a good buying opportunity. Patient investors can expect double-digit gains from BONK that could extend up to 70%.
Injective price weakness persists despite over 5.9 million INJ tokens burned
Injective price is trading with a bearish bias, stuck in the lower section of the market range. The bearish outlook abounds despite the network's deflationary efforts to pump the price. Coupled with broader market gloom, INJ token’s doomed days may not be over yet.
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?