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BTC, ETH, BSV, ENA, DOGE
The post BTC, ETH, BSV, ENA, DOGE appeared on BitcoinEthereumNews.com. The bulls are in control of today’s session, as seen from the increase in the global market cap. The total cap stood at $2.28T as of press time, representing a 0.44% increase over the last 24 hours, while the trading volume dropped by 56.15% over the same period to stand at $45.07B as of press time. Bitcoin Price Review Bitcoin, $BTC, has posted minor gains in today’s session, as seen from its price movements. Looking at an in-depth analysis, we see that The BTC/USD chart shows a significant upward trend as the price has recently broken above the Ichimoku cloud, indicating a bullish signal. The recent candles are above both the baseline (red) and the conversion line (blue), which supports this bullish sentiment. The green cloud projected ahead also suggests a continuation of the bullish trend. Additionally, the high value in the Money Flow Index (MFI) at 91.12 indicates strong buying pressure, although it also suggests the market may be approaching overbought conditions. Bitcoin traded at $70.944 as of press time, representing a 3.57% increase over the last 24 hours. 4-hour BTC|USD Chart | Source: TradingView Ethereum Price Review Ethereum, $ETH, is also among the gainers in today’s session as also seen from its price movements. Looking at an in-depth analysis, we see that ETH/USD is currently testing resistance near the 100-day SMA (yellow line) after a steady upward movement. The 50-day SMA (blue line) crossing above the 200-day SMA (green line) could be interpreted as a bullish ‘Golden Cross’ signal, suggesting potential for further upside if the price consistently holds above these averages. However, the Average Directional Index (ADX) value of 27.91 shows a moderate trend strength, which might mean the price movement could lack sustained momentum. Ethereum traded at $2,614 as of press time, representing a 3.77% increase…
The post BTC, ETH, BSV, ENA, DOGE appeared on BitcoinEthereumNews.com.
The bulls are in control of today’s session, as seen from the increase in the global market cap. The total cap stood at $2.28T as of press time, representing a 0.44% increase over the last 24 hours, while the trading volume dropped by 56.15% over the same period to stand at $45.07B as of press time. Bitcoin Price Review Bitcoin, $BTC, has posted minor gains in today’s session, as seen from its price movements. Looking at an in-depth analysis, we see that The BTC/USD chart shows a significant upward trend as the price has recently broken above the Ichimoku cloud, indicating a bullish signal. The recent candles are above both the baseline (red) and the conversion line (blue), which supports this bullish sentiment. The green cloud projected ahead also suggests a continuation of the bullish trend. Additionally, the high value in the Money Flow Index (MFI) at 91.12 indicates strong buying pressure, although it also suggests the market may be approaching overbought conditions. Bitcoin traded at $70.944 as of press time, representing a 3.57% increase over the last 24 hours. 4-hour BTC|USD Chart | Source: TradingView Ethereum Price Review Ethereum, $ETH, is also among the gainers in today’s session as also seen from its price movements. Looking at an in-depth analysis, we see that ETH/USD is currently testing resistance near the 100-day SMA (yellow line) after a steady upward movement. The 50-day SMA (blue line) crossing above the 200-day SMA (green line) could be interpreted as a bullish ‘Golden Cross’ signal, suggesting potential for further upside if the price consistently holds above these averages. However, the Average Directional Index (ADX) value of 27.91 shows a moderate trend strength, which might mean the price movement could lack sustained momentum. Ethereum traded at $2,614 as of press time, representing a 3.77% increase…
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