Bitcoin price above $69k: analysts eye breakout, altcoins follow suit

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Kitco NEWS has a diverse team of journalists reporting on the economy, stock markets, commodities, cryptocurrencies, mining and metals with accuracy and objectivity. Our goal is to help people make informed market decisions through in-depth reporting, daily market roundups, interviews with prominent industry figures, comprehensive coverage of important industry events and analyses of market-affecting developments.

Skew noted that “Currently, price is trading above 4H EMAs” and the RSI is above 50, which he said is “highly important for uptrend continuation.” But market analyst Inmortal warned that there could still be one dip to $60,000 before Bitcoin ultimately makes a sustained run higher.Market structure is still a bit fuzzy. We did a HL recently but we haven't got a HH yet. More chop is the most likely outcome.is a Crypto Market Reporter for Kitco Crypto. Coming from a background in Psychology and Human Behavior, he began to focus his attention on the cryptocurrency space in early 2017 after noticing the rapid growth of this emerging market.

– Gold’s new record highs post-FOMC could mean better price performance to come against the euro, while silver ETF holdings are holding up even better than gold, according to precious metals strategists at Heraeus.Cryptos are off to a bullish start to the week as Bitcoin is back above $69,000 and looks to reclaim support at $70,000 while altcoins rally higher. - Gold prices are posting decent gains in midday U.S.

 

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