Dukascopy Bank Team
Dukascopy Bank SA
BTC/USD breached $64K level
The Bitcoin cryptocurrency has edged higher by 56% against the US Dollar since September 30. The cryptocurrency pair breached the $64K mark during the Asian session on Wednesday.
Technical indicators suggest buying signals on the 4H, daily and weekly time-frame charts. Most likely, buyers could continue to drive the exchange rate higher during the following trading sessions.
However, the resistance level at the $65,000 mark could provide resistance for the BTC/USD exchange rate in the shorter term.
ETH/USD bulls could prevail
The ETH/USD cryptocurrency pair bounced off a support level at 2801.2 on September 30. As a result, the world's second-largest crypto has edged higher by 38.98% since the beginning of October.
Technical indicators suggest that the Ethereum cryptocurrency could continue to edge higher. Bullish traders may target the $5,000 level during the following trading sessions.
However, the resistance level at 4218.7 could provide resistance for the exchange rate 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.
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