BitcoinShort
Bitcoin Analysis
After a mixed day for Bitcoin and the broader market on Monday, it’s been a broadly mixed morning for the crypto market.
The Bitcoin cryptocurrency has edged higher by 56% against the US Dollar since September 30. The cryptocurrency pair breached the 66K mark during the Asian session on Wednesday.
Technical indicators suggest buying signals on the 4H, daily and weekly time-frame charts. Most likely, buyers could continue to drive the exchange rate higher during the following trading sessions.
However, the resistance level at the $65,000 mark could provide resistance for the BTC/USD exchange rate in the shorter term.
The Bitcoin cryptocurrency has edged higher by 56% against the US Dollar since September 30. The cryptocurrency pair breached the 66K mark during the Asian session on Wednesday.
Technical indicators suggest buying signals on the 4H, daily and weekly time-frame charts. Most likely, buyers could continue to drive the exchange rate higher during the following trading sessions.
However, the resistance level at the $65,000 mark could provide resistance for the BTC/USD exchange rate in the shorter term.
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