Bitcoin and select altcoins are showing record-low volatility, but traders are unsure about the source of the next price breakout catalyst.
) from its range. The report showed the addition of 187,000 jobs, fewer than the 200,000 expected by economists. But average hourly wages remained strong, showing an increase of 0.4% for the month against expectations of a 0.3% rise.Although the price remains stuck inside a range, analysts are putting out bullish projections for the second half of the year.
to the downside. What are the important support and resistance levels to watch out for in Bitcoin and altcoins? Let’s study the charts of the top 10 cryptocurrencies to find out.Bitcoin’s price is getting squeezed between the 20-day exponential moving average of $29,523 and the horizontal support at $28,861.The downsloping 20-day EMA and the relative strength index in the negative zone indicate that bears have a slight edge.
On the contrary, if the price bounces off $28,861, it will indicate that the bulls are protecting this level with all their might. A break and close above $30,000 will signal a comeback by the bulls. The pair may then climb to the overhead resistance zone between $31,804 and $32,400.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Bitcoin, Ethereum Technical Analysis: BTC Consolidates Around $29,000 Ahead of Nonfarm Payrolls – Market Updates Bitcoin NewsBitcoin is trading near a support point of $29,000, ahead of today’s U.S. nonfarm payrolls (NFP) report. Ethereum was back in the red.
Les mer »
Bitcoin price outlook: BTC could hit $100,000 by 2025Here's why bitcoin could be headed to $100,000 by 2025
Les mer »
BTC price risks new sub-$29K dip as Binance fears test Bitcoin bullsBitcoin downside is not helped by Binance worries, and BTC price analysis expects lower levels.
Les mer »
Bitcoin miners need BTC price over $98K by the halving — AnalysisBitcoin mining stocks have outperformed Bitcoin this year by a wide margin. Bitcoin price will need at least $98,000 soon for this to continue.
Les mer »
Bitcoin price taps $29.3K as data shows ‘most resilient’ US jobs marketBlink and you'll miss it — BTC offers traders a glimmer of volatility on U.S. macro data.
Les mer »
Weird Signal: Bitcoin 5-Day Volatility Inversion With Wall St, What Does it Mean for BTC?A weird signal is flashing but here's what it could mean for the BTC price.
Les mer »