) starts a new week, month and quarter of 2024 with several new records — can the bull market continue from here?Old resistance is not giving up without a fight, however — a battle between buyers and sellers is keeping old all-time highs from 2021 firmly on the table.
Cointelegraph takes a look at these issues and others in the weekly summary of what is apt to impact BTC price action in the coming days. “Weekly Close above the Range High is the 1st step. And if $BTC needs to dip into the RH to successfully retest it as new support before continuing higher... That would be the 2nd step to fully confirming the breakout.”For Michaël van de Poppe, founder and CEO of trading firm MNTrading, the low-timeframe trend revolves around two clear lines in the sand: $67,000 and $71,700.Powell, unemployment lead U.S.
“Currently, the market is on par with the Fed at 3 cuts priced for the end of the year. As with inflation data, employment data will move markets on any significant miss.” What was first a trickle is now gaining pace, on-chain data shows — Bitcoin’s “diamond hands” are no longer on the sidelines.,” analytics firm Glassnode revealed a fresh peak in realized profits. These refer to coins moving on-chain from two investor cohorts: short-term holders and long-term holders .
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