BTC hitting $31,000 and ETH $2,100 has got people declaring 'altseason' is here.
The pair had risen gradually the day prior after aThese had furthered the bullish risk asset narrative, with both the Consumer Price Index and Producer Price Inflation printsWhile Bitcoin did not react immediately, the latest uptick reinforced market participants’ convictions over continued strength and a break with the long-term downtrend.
“Bitcoin looks strong, but will have some shallow corrections in an upwards trend,” Michaël van de Poppe, founder and CEO of trading firm Eight“I've marked $31.7-32K as important resistance point. However, $25K was the level everyone wanted to buy. This will probably shift to $28.5K, and then nobody buys. I'd prefer to focus on $29.7K.”Van de Poppe referenced previous concerns over a
on BTC/USD, with nervous price targets including the 200-week moving average at around $25,500 and even $22,000.Popular trader Crypto Tony nonetheless advised potential long position entries to wait until confirmation of new support levels. “We have now crossed into the range of $31,000 EQ and $32,300 Range high,” part of the day’s Twitter analysisBTC/USD annotated chart. Source: Crypto Tony/ Twitter
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin, Ethereum Technical Analysis: ETH Hits $2,000 Following Shapella Upgrade – Market Updates Bitcoin NewsEthereum moved above $2,000 on Thursday, as markets continue to react to the successful Shapella update. Bitcoin remains over $30,000.
Read more »
Ethereum Price | Ethereum (ETH) Coin Value - Investing.comLive Ethereum coin price (ETH) including charts, trades and more. Create real-time notifications and alerts to follow any changes in the Ethereum value.
Read more »
Ethereum (ETH) Shanghai Might Have Little Effect on Price: GlassnodeExperts at Glassnode, leading on-chain analytics team, shared their analysis of much-anticipated Shanghai upgrade and its potential effects on ETH price
Read more »
Ethereum price metrics hint that ETH might not sell-off after the Shapella hardforkEthereum price is holding steady going into today’s Shapella hardfork, but noshitcoins says the real signal to keep an eye on are requests to unstake.
Read more »
$100 Million Ethereum (ETH) Entered Circulation After Unlock: Here's How Price ReactsDespite significant unlock, $ETH remains unfazed, but the parity between staking inflows and outflows is still not there
Read more »
Shiba Inu (SHIB) Surpasses Ethereum (ETH) as Top Trending Asset on CoinMarketCapPopular meme coin is more trendy than Ethereum despite ETH's price surge to $2,000
Read more »