Bitcoin Prize (BTC) strives for $ 63,000 because the cryptoma market awakens after the Fed interest reduction
Bitcoin Prize (BTC) strives for $ 63,000 because the cryptoma market awakens after the Fed interest reduction
- Bitcoin broke the $ 62,000 mark after the Fed's interest rate; The next resistance is $ 63,000.
- Ethereum and Solana have also risen sharply, which reflects a broader recovery of the cryptoma market.
- due to economic uncertainties and possible regulatory problems, caution remains.
The price of Bitcoin (BTC) has increased to over 62,000 USD after the decision of the US Federal Reserve to reduce the key interest rate.
The step of the Fed, which is intended to boost economic growth and mitigate the recession risks, has triggered a rally for digital assets. The adaptation of monetary policy not only gave Bitcoin, but also a wide range of old coins and risk systems.
Next Bitcoin (BTC) price resistance at 63,000 USD
The Bitcoin price is currently traded at around $ 62,096 and has a solid 24-hour profit of 2.29 % and an even more impressive 7-day increase of 6.20 %.
The price breakthrough over the $ 62,000 mark, which is a decisive psychological milestone for Bitcoin after a consolidation phase, is particularly noteworthy.
Technical analysis shows that the next significant resistance to Bitcoin is USD 63,000. If this barrier is overcome, there is potential for further profits. The upper border of Bollinger tapes from Bitcoin indicates increased volatility. This suggests that although a short -term phase of the profit treatment can occur, the overall trend remains strongly bullish.
The support is around $ 60,100 and acts as a critical soil that has been repeated and held.
The mood of investors compared to Bitcoin is largely positive, whereby the increased trade volumes reflect the growing institutional interest.
During the price of Bitcoin (BTC), he benefits from the broader view that cryptocurrencies serve as a security against traditional market volatility and fear of inflation, which were still tightened by the moderate attitude of the Fed.
Ethereum and Solana lead, old coins reflect the upswing of Bitcoin
Ethereum (ETH), for example, exceeded the $ 2,400 mark, which corresponds to a 24-hour increase of 4.94 % and a 7-day increase of 2.97 %. The price of Ethereum reached $ 2,430 before it slightly stabilized, which corresponds to the upward trend of Bitcoin. Technical indicators show that Ethereum encounters direct resistance at $ 2,430 and that further price gains are possible in the event of a breakthrough through this brand.
There were also considerable price fluctuations at Solana (Sol). The course rose by 6.03 % to $ 138.65. This increase underlines the renewed trust in the Solana ecosystem and its applications in decentralized finance (Defi) and at NFTS.
Other old coins such as Ripple (XRP) and Shiba Inu (Shib) also recorded remarkable growth, with XRP 1.20 % to $ 0.59 and shib by 7.85 % to $ 0.00001427 $
analysts remain careful
Despite the overall positive mood, the market participants remain careful. There are mixed reactions and concerns about the sustainability of the rally. Analysts believe that the interest rate reduction has caused a clear upswing at short notice, but the more general economic uncertainties and potential regulatory challenges could impair future development.
Presto Research in particular notes that the market is still divided, which underlines the need for relief for growth worries in order to maintain the upward dynamics.
In view of the mixed market prospects, the coming months will be decisive for whether the current increase in price at Bitcoin (BTC) can maintain its dynamics and drive digital assets to new highs.Source: Coinlist.me
Kommentare (0)