Cryptopolytech (CPT) Public Press Pass (PPP)
News of the Day COVERAGE
200000048 – World Newser
•| #World |•| #Online |•| #Media |•| #Outlet |
View more Headlines & Breaking News here, as covered by cryptopolytech.com
Popular Analyst Maps the Highs for Bitcoin, Ethereum and Other Altcoins appeared on coinpedia.org by Coinpedia Fintech News.
The crypto markets are closing the day’s trade on a bullish note after the past couple of days. Hence, it is now believed that the popular tokens are expected to maintain a decent upswing, withstanding the interim bearish actions. However, the Bitcoin price is currently struggling at $30,000, which raises speculation about the beginning of a fresh consolidation.
During the previous cases, the BTC price underwent a narrow consolidation for more than a fortnight at each resistance, and hence a similar action is speculated at the moment.
The markets have received a magnificent push ever since the industry giants filed for a Bitcoin spot ETF. While some of them have also announced plans to launch a crypto exchange, which has made the investors extremely bullish in the long term. Therefore, one of the popular analysts, Michael van de Poppe, earlier said that the bull run has begun and now rolls out the highs for the current bull cycle.
The analyst lists the highs of Bitcoin, Ethereum, Chainlink, Avalanche, Litecoin, & Cosmos and further believes that a correction or rejection could follow the rally. Presently, the Bitcoin RSI has spiked to hit the upper resistance, standing at 70.74. Hence, a minor bearish divergence may drag the price lower. However, RSI is an additional indicator that follows the price, and hence an adjustment could be possible that may make RSI recover over time.
Having said that, the Bitcoin price may resume with a notable upswing and continue to rise towards the above-mentioned target. While the other altcoins may follow the star crypto and register new highs for the year 2023.
FEATURED ‘News of the Day’, as reported by public domain newswires.
View ALL Headlines & Breaking News here.
Source Information (if available)
This article originally appeared on coinpedia.org by Coinpedia Fintech News – sharing via newswires in the public domain, repeatedly. News articles have become eerily similar to manufacturer descriptions.
We will happily entertain any content removal requests, simply reach out to us. In the interim, please perform due diligence and place any content you deem “privileged” behind a subscription and/or paywall.
CPT (CryptoPolyTech) PPP (Public Press Pass) Coverage features stories and headlines you may not otherwise see due to the manipulation of mass media.
First to share? If share image does not populate, please close the share box & re-open or reload page to load the image, Thanks!