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After the Federal Reserve cut interest rates by 0.5%, bitcoin has reclaimed the cost basis for short-term holders. If the price also stays above the 200-day moving average of $0.639 million, this rebound may have technical significance.
Bitcoin (BTC) price decrease: Is the upward trend still safe?
Bitcoin (BTC) price decrease: Is the upward trend still safe?
Bitcoin prices are expected to rise significantly - Blackrock's head of cryptos referred to BTC as a "safe haven" asset.
Blackrock's digital assets manager, Robbie Mitchnick, recently emphasized the potential of Bitcoin as a "safe haven" asset.
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Bitcoin bulls are trying to push the BTC price up to $66K
Bulls traders are working hard to regain the bitcoin 200-day moving average and push its price up to $66,000. Once the closing price breaks above the target, it may bring bitcoin's trend closer to historical highs.
Bitcoin market analysis for September 25th.
Yesterday, our strategy was to go short on high and long on low, with the short positions of $63,800 for Bitcoin and $2,660 for Ethereum reaching the profit target. At the same time, the long positions given in the group in the morning for Bitcoin at $62,700 and Ethereum at $2,595 were also entered, making yesterday's trade very perfect! Today's market still maintains a volatile mindset. From a structural perspective, the structure of Bitcoin is already very complete and can end this uptrend at any time. Therefore, it is necessary to pay attention to the breakthrough situation of the significant resistance at $65,000. Today's strategy remains volatile with high short and low long positions!
Bitcoin (BTC) price soared above $64,000: Can the momentum be sustained?
The bitcoin price once again broke through the $63,800 resistance level. If bitcoin breaks through the $64,750 resistance level, and then breaks through $65,000, it is expected to accelerate its rise.
9.25 bitcoin showed strong performance today, reaching a high level and trading sideways. Is it possible to break through 65,000 at any time?
A couple of days ago, we reminded everyone to pay attention to the key support level of 62400. Now, what everyone needs to pay attention to is the position of 62700. If it falls below, I believe the bullish momentum will no longer exist!
Cryptocurrency academic: bitcoin challenged the high level continuously for three days on June 25! How will the upward trend continue? Please refer to the latest market analysis.
There is no need to showcase your strength excessively, what is important is to gain recognition from more people. In the investment journey, it is more important to focus on improving yourself rather than proving your strength to others. Whether you are a donkey or a horse, take them out for a walk and you will know.
A valid breakthrough of 9.25 bitcoin above the previous high point of $65,000 is the strong signal of bitcoin bulls?
However, the current spot bid has slowed down. Once the price breaks through $63,500, the spot trading volume will trend more towards stabilization.
Bitcoin Elliott Wave Technical Analysis [Video]