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Cryptocurrency News Articles
BNB Set For A New All-Time High? Expert Predicts Massive Pump On NEAR And DTX Exchange (DTX)
Sep 27, 2024 at 09:05 pm
The times are bullish, and for most altcoins, the news of interest rate cuts last week was instrumental to their uptrend. For BNB and NEAR Protocol (NEAR)
Bitcoin (BTC) price analysis for September 23, 2023, reveals that the world’s leading digital asset has finally managed to break out of the consolidation phase that began on September 12. BTC price began the day at $31,677 and quickly rose to highs of $32,264 within the first hour of trading.
After consolidating around this level for the majority of the day, BTC price made another strong push higher in the evening, reaching a peak of $32,833. From there, BTC price began to retrace lower, reaching lows of $32,383 before finally settling at $32,493 by press time.
BTC price action now suggests that bulls are back in control and targeting the next resistance level at $33,000. A clear breakout above this level could see BTC price rally towards $34,000. On the other hand, if bears manage to push BTC price below $32,000, we can expect further losses towards the $31,000 support level.
Relative Strength Index (RSI) on the daily chart now suggests that BTC price is trading in the overbought territory, which could lead to a minor retracement before the next leg up. Awesome Oscillator (AO) also indicates that bullish momentum is building up, which bodes well for bulls.
Coming to lower time frames, BTC price analysis on the 4-hour chart reveals that BTC price began the session consolidating around the $32,300 level following a strong bullish candle that pushed BTC price from $31,677 to highs of $32,264.
After consolidating around $32,300 for the first half of the session, BTC price finally managed to break out to the upside, reaching highs of $32,764. From there, BTC price began to retrace lower, reaching lows of $32,433 before finally trading at $32,493 by the end of the session.
Technical indicators on the 4-hour chart now suggest that BTC price is facing overbought conditions, which could lead to a minor retracement before the next leg up. Relative Strength Index (RSI) is currently trading at 77, while Awesome Oscillator (AO) also indicates bullish momentum.
Overall, BTC price analysis suggests that bulls are back in control and targeting the next resistance level at $33,000. A clear breakout above this level could see BTC price rally towards $34,000. On the other hand, if bears manage to push BTC price below $32,000, we can expect further losses towards the $31,000 support level.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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- Rexas Finance (RXS) Might Replace Tron (TRX) as a Strong Contender by 2025, Whales Warn
- Sep 28, 2024 at 02:15 am
- The cryptocurrency scene is developing at an enormous speed, and with that, advances and changes also come from the most unlikely places.
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- Polkadot (DOT) Price Prediction 2023-2024: Will DOT Hit $10 Soon?
- Sep 28, 2024 at 02:15 am
- Polkadot [DOT] is currently experiencing a steady price rebound, registering consecutive weeks of gains. Over the past two weeks, DOT has risen by 14.2%, and within the past week alone, it has seen an 11% increase.
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- Bolivia Records 100% Surge in Virtual Asset Trading Volume Months After Lifting Bitcoin Ban
- Sep 28, 2024 at 02:15 am
- Bolivia's central bank, the BCB, said average monthly virtual volumes across digital asset trading had doubled in the period between July and September 2024.
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- This Guy Turned $1,331 into $3.4M in Only 15 Days, a 2,554x Return!
- Sep 28, 2024 at 02:15 am
- He spent 9.8 $SOL($1,331) to buy 38.7M $MOODENG on Sept 10, now worth more than $3.4M!
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- October 2024 Promises Substantial Growth Opportunities in the Crypto Market
- Sep 28, 2024 at 02:15 am
- Three altcoins have caught the eye of analysts with their potential for significant returns. From well-known assets climbing to new heights to a surprising AI token set for astounding gains, this article delves into the coins poised to make waves and deliver notable profits.
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- RCO Finance (RCOF): The Meme Coin Killer With the Potential to Yield 3,500% Returns by 2025
- Sep 28, 2024 at 02:15 am
- Memecoins have always been nomads with their prices, often moving along unpredictably. Dogecoin (DOGE), being the very first memecoin that started as a joke
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- CYBRO Presale Achieves $2.5 Million Milestone: A One-in-a-million Investment Opportunity
- Sep 28, 2024 at 02:15 am
- CYBRO is capturing the attention of crypto whales as its exclusive token presale quickly surges above $2.5 million.
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- CYBRO Presale Climbs Past $2.5 Million: A One-in-a-Million DeFi Investment Opportunity
- Sep 28, 2024 at 02:15 am
- CYBRO is capturing the attention of crypto whales as its exclusive token presale quickly surges above $2.5 million. This cutting-edge DeFi platform offers investors unparalleled opportunities to maximize their earnings in any market condition.
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- Ethereum, Solana, and Cutoshi: The Next Big Cryptocurrency Projects to Watch
- Sep 28, 2024 at 02:15 am
- As the cryptocurrency market evolves, investors constantly look for the next big opportunity in digital assets. Ethereum, Solana, and the emerging Cutoshi are three projects that stand out for their potential to drive significant capital growth in the coming years.