Friday has dawned brightly for the crypto sector and a push to the upside is taking place.
Bitcoin about to start next rally?
If stock markets fall, then this is certainly transferred to the crypto market, and being high risk assets, they are likely to fall hard. However, there are still fluctuations in markets, and they go up as well as down.
After five days of sideways action Bitcoin is rising once again.
Bitcoin found support towards the end of September at the $26,000 level and has been steadily trending upwards ever since. At time of going to press bitcoin is once more at the $27,600 resistance level, and finally taking this out and flipping it into support would be an important step in bitcoin’s climb higher.
Of course, there is still the thorny issue of the 200-week moving average just above, which previously stopped bitcoin in its tracks at $28,000. However, the trend is still up, and if bitcoin keeps knocking at this level it is likely to break through eventually.
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We współpracy z: https://cryptodaily.co.uk/2023/10/bitcoin-and-altcoins-pushing-higher
