bitcoin
bitcoin

$72345.05 USD 

-0.19%

ethereum
ethereum

$2641.46 USD 

-1.37%

tether
tether

$0.999692 USD 

0.00%

bnb
bnb

$582.79 USD 

-3.24%

solana
solana

$174.69 USD 

-2.09%

usd-coin
usd-coin

$0.999934 USD 

0.00%

xrp
xrp

$0.518707 USD 

-1.16%

dogecoin
dogecoin

$0.170887 USD 

-0.34%

tron
tron

$0.169544 USD 

0.96%

toncoin
toncoin

$4.91 USD 

-2.69%

cardano
cardano

$0.355268 USD 

-0.26%

shiba-inu
shiba-inu

$0.000019 USD 

-0.72%

avalanche
avalanche

$25.84 USD 

-1.92%

chainlink
chainlink

$12.10 USD 

1.55%

bitcoin-cash
bitcoin-cash

$374.01 USD 

0.27%

Cryptocurrency News Articles

Crypto Markets Eye Bullish Weekend Surge

Mar 24, 2024 at 01:07 am

The crypto markets are catching the eye of investors this weekend with a potential bullish surge. Bitcoin is on the move, showing a 2.33% increase in value within 24 hours. While the hourly chart hints at a breakout above $64,887, caution is advised as the daily chart remains uncertain. Low trading volume suggests both bulls and bears are hesitant to make significant moves amidst the weekend excitement.

Crypto Markets Eye Bullish Weekend Surge

Are Crypto Markets Poised for a Bullish Weekend?

Most cryptocurrencies are showing promising signs of bullish momentum over the weekend, as per CoinMarketCap.

Bitcoin's Bullish Surge

Bitcoin (BTC) has witnessed a 2.33% increase in value over the past 24 hours. On the hourly chart, the price action suggests a potential breakout above the resistance level of $64,887. A successful breakout could propel BTC towards the $66,000 zone.

A Note of Caution on the Daily Time Frame

Despite the bullish hourly trend, the daily chart paints a more cautious picture. Today's slight uptick has not significantly altered the overall technical situation. The low trading volume indicates that both bulls and bears are hesitant to make significant moves.

Sideways Trading: A Likely Scenario

Given the current market conditions, sideways trading within the $63,000-$67,000 range appears to be the most probable outcome in the near term.

Midterm Outlook: Closely Monitoring Bar Closures

From a midterm perspective, it is crucial to monitor the bar closures in relation to the previous candle's low. If BTC closes below this level, it could signal a potential decline towards the $60,000 zone.

Current Price

At the time of writing, Bitcoin is trading at $64,612.

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.

Other articles published on Oct 31, 2024