
Bitcoin (BTC) Rejects Bears Surging 6% Amid Rising Inflation
Bitcoin is up roughly 6% from September lows, a welcomed recovery following steep losses in late August
Crypto Economy section, we will publish every week the technical price analysis of Bitcoin [BTC], Ethereum [ETH], Ripple [XRP] and other cryptocurrencies.
These analyzes are prepared by our specialists based on the evolution of the markets.
A technical price analysis provides excellent and useful information that can help us know when is the best time to make movements in our investments or when it is not a good time to operate.
But we must not only take this information into account, the monitoring of the prices of a cryptocurrency must be accompanied by an investigation into the latest news related to it.
So we can get an idea about whether the price increase or decrease has occurred due to an event related to the project or if it could be a market manipulation, etc.
Bitcoin is up roughly 6% from September lows, a welcomed recovery following steep losses in late August
Ethereum might be up 4% but ETH bears have the upper hand. The coin might fall to as low as $1,500 if bulls fail to break higher
Maker prices are firm and the uptrend is valid. MKR could rise to the $1,400 zone as MakerDAO proceeds with the “Endgame”
Bitcoin is firm when writing but further gains reversing Aug. 17 losses may spark demand, lifting BTC to $32k
Ethereum remains inside a narrow range as a BB squeeze forms. Immediate reaction levels stand at $1,750 and $1,600
Shiba Inu remains under pressure, losing 32% in August 2023 alone. SHIB may slip to record new lows if bears press on
Bitcoin is back to this week’s low, peeling back all post-Grayscale’s gains. Primary support is at around June 2023 lows.
Ethereum is within a bullish breakout formation and may soar to $2k in the session ahead after Grayscale won against the SEC
Solana prices are firm after striking key partners. Presently, SOL is steady above $19 but will prices hold?
Bitcoin remains under pressure and consolidating when writing. BTC traders can wait for a clean break below $25k or above $27k before engaging
Ads
Follow us on Social Networks
Crypto Tutorials
Crypto Reviews
© Crypto Economy