BitcoinLong
BTC/USDT
In the BTC/USD daily chart, the inverse Head and Shoulders continuation signal continued pushing the price higher, where the most recent price trades above the 67310.50 static support.
As the dynamic 100-day SMA and 20-day EMA remain below the current, we may expect the buying pressure to extend towards the 80000.00 psychological line.
For the third day in a row, the total capitalization of cryptocurrencies has remained stable at approximately $2.6 trillion. Bitcoin has yet to surpass $70,000, which has dampened market enthusiasm. Bitcoin has experienced a 0.3% decline over the previous twenty-four hours, whereas Ethereum has gained 0.6%.
As the dynamic 100-day SMA and 20-day EMA remain below the current, we may expect the buying pressure to extend towards the 80000.00 psychological line.
For the third day in a row, the total capitalization of cryptocurrencies has remained stable at approximately $2.6 trillion. Bitcoin has yet to surpass $70,000, which has dampened market enthusiasm. Bitcoin has experienced a 0.3% decline over the previous twenty-four hours, whereas Ethereum has gained 0.6%.
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