Bitcoin price could achieve a market structure change toward further upside if BTC holds stable above $65,500. Ethereum defends $2,900, but 26% upside potential will only be activated after breaching $3,212. Ripple price’s RSI must record a stable higher high above mean level of 50 for XRP to become attractive. Bitcoin price rescued altcoins on Wednesday following US inflation data, which was measured by determining change in the Consumer Price Index .
ETH/USDT 1-day chart On the other hand, increased seller momentum could see Ethereum price drop. If the slump extends to close below $2,781, it would invalidate the bullish thesis. Notably, the RSI continues to chop sideways with equal lows as it remains subdued below the mean level of 50. This shows the bears still have the upper hand.
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
CPI meets $60K BTC price battle — 5 things to know in Bitcoin this weekBitcoin squares up to key BTC price support and more as another CPI week dawns.
Source: Cointelegraph - 🏆 562. / 51 Read more »
Source: Crypto_Potato - 🏆 568. / 51 Read more »
Source: Crypto_Potato - 🏆 568. / 51 Read more »
Source: TheBlock__ - 🏆 464. / 53 Read more »
3 reasons why Bitcoin traders say a BTC price trend reversal is overdueKey Bitcoin price metrics suggest BTC price is undervalued in its current range.
Source: Cointelegraph - 🏆 562. / 51 Read more »
Source: FXStreetNews - 🏆 14. / 72 Read more »