Categories: Crypto Review

Bit-comment: Bitcoin remains on top

Bitcoin remains on top of the previously achieved $10,700. The sideways trend is accompanied by a decrease in trading volumes, but within the next 24-48 hours, the dynamics of the cryptocurrency may find a new direction. Well-known crypto analysts, including DonAlt and Alex Kruger, have identified $10,800 as a critical level, the reaction to which will determine the dynamics of the benchmark cryptocurrency up to a month ahead.

In a broader perspective, based on the historical analysis of BTC prices, market participants come to the conclusion that against the background of the bullish market and the tendency of Bitcoin to more positive dynamics in October, the market can gather strength for a new breakthrough. The opposite is difficult to expect, as many times buyers do not allow Bitcoin to decline even below $9000.

AddThis Website Tools
The FxPro Analyst Team

Our team consists of financial market experts. Our dedicated professionals prepare reviews on the foreign exchange market situation, Crude Oil, Gold and Stock Indices. All the analysts are regularly published in the world leading economic media.

Share
Published by
The FxPro Analyst Team

Recent Posts

Video: Dollar and Indices are trying to find footing after the fall

The dollar experienced a sell-off but rallied back up by the end of the week.…

2 days ago

What is next: BoJ, Fed, SNB & BoE Rates

The new week will be packed with economic data and decisions from key central banks.…

2 days ago

Dollar attempts to rebound after oversold conditions

Despite economic factors working against the dollar, its oversold condition helped it this week or…

2 days ago

USDCAD Wave Analysis – 14 March 2025

USDCAD: ⬇️ Sell - USDCAD reversed from key resistance level 1.4500 - Likely to fall…

2 days ago

Solana Wave Analysis – 14 March 2025

Solana: ⬆️ Buy - Solana reversed from the long-term support level 113.75 - Likely to…

2 days ago

Adobe Wave Analysis – 13 March 2025

Adobe: ⬇️ Sell - Adobe broke round support level 400.00 - Likely to fall to…

2 days ago