TRENDING:
Oil price
XAU/USD
EUR/USD
Trade War
GBP/USD
Silver
Sponsored by
Login
|

Patterns: BTC/USD, ETH/USD

Patterns: BTC/USD, ETH/USD
Dukascopy Bank TeamDukascopy Bank TeamDukascopy 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.

BTCUSD

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.

ETHUSD

Author

Dukascopy Bank Team

Dukascopy Bank Team

Dukascopy Bank SA

Dukascopy Bank stands as an innovative Swiss online banking institution, with its headquarters situated in Geneva, Switzerland.

More from Dukascopy Bank Team
Share:

Editor's Picks

Crypto Today: Bitcoin, Ethereum, XRP recovery slows amid incessant capital outflows

Crypto Today: Bitcoin, Ethereum, XRP recovery slows amid incessant capital outflows

The cryptocurrency remains in a broader corrective bias on Friday, despite majors such as Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) holding slightly higher than early-week support levels.

Cardano: Whale selling, cautious derivatives limit ADA rebound

Cardano: Whale selling, cautious derivatives limit ADA rebound

Cardano is trading near $0.170 at the time of writing on Friday after staging a modest rebound from last week's sharp correction. However, the recovery remains fragile as large holders have resumed reducing their positions, adding fresh selling pressure to ADA.

Experts agree: Bitcoin nears bottom, but weak demand raises doubts

Experts agree: Bitcoin nears bottom, but weak demand raises doubts

Bitcoin (BTC) is trading above $63,000 at the time of writing on Friday after rebounding from the key 200-week Simple Moving Average (SMA) near $62,000, a level widely viewed as key long-term support.

Pi Network Price Forecast: Bulls attempt comeback as bearish strength fades

Pi Network Price Forecast: Bulls attempt comeback as bearish strength fades

Pi Network is trading at around $0.120 on Friday after a modest recovery the previous day. Despite this recent rebound, traders should be cautious as a scheduled unlock of 14.8 million PI tokens on Friday could limit the token's recovery potential by increasing market supply.

Experts agree: Bitcoin nears bottom, but weak demand raises doubts

Experts agree: Bitcoin nears bottom, but weak demand raises doubts

Bitcoin (BTC) is trading above $63,000 at the time of writing on Friday after rebounding from the key 200-week Simple Moving Average (SMA) near $62,000, a level widely viewed as key long-term support. The recovery may suggest that Bitcoin has found a floor after a sharp correction that spanned more than a month, but some warning signs persist.