“Even with The Pullback, Bitcoin Continues to Make Higher Lows, A Positive Technical Development.”, – WRITE: www.coindesk.com
Nearly Pushing Through the $ 118,000 Level at One Point on Thursday After The Federal Reserve One Day Earlier Trimmed Interest Rats for the First Time the Thei, Bitcoin BTC$ 115.736.21 Has Pulled Back to $ 115.600, Down 1.5% Over The Past 24 Hours and Now Essential Flat Over The Past Seven Days.
ETHER (ETH) HAS PULLED BACK FROM The $ 4.750 Area To $ 4.460, Lower By 2.9% Over The Past 24 Hours and Now Off 1.5% Week-Over-Week.
Amid Etf Excitement and Growing Institutional Adoption, The Two Hottest Crypto Majors this Week Week Week Solana SOL$ 239.45 and Dogecoin Doge$ 0.2671. Both, However, Have Returned to Flat Over Seven Days, with Sol Lower by 4.5% Over The Past 24 Hours and Doge Down 6.3%.
Technical Factors Suggest Reason for OptimismIn a world WHERE US SKES HAVE BEEN PUTTING IN RECORD Highs on a Daily Basis, It May Seem That Bitcoin Has Failed to Gain Much Gund of Late. ITS PRICE ACTION OVER The PAST FEW Weeks, Thought, Has Formed a Clear Ascending Triangle Pattern, Highlighted by a Series of Higher Lows, While Pressing Against Horizon.
Each PullBack Since Early September Has Found Support at A Rising Trendline, Signaling Steady Accuumulation and A Bullish Bias Among Traders. The Market is Currently Consolidating in the $ 115,700 AROUND The Rising Support Line.
For Now, The Higher Lows Keep the Advantage Tilted Town Bulls, With Traders Closely Watching The $ 118,000 Celing.
Bitcoin’s Higher Low Pattern (TradingView)
Hedera’s Token Endured A Sharp Decline, Breaching Key Support Levels Before Stabilization Near $ 0.24.
- HBAR Fell 3.38% Over 23 Hours, Droping from $ 0.25 to $ 0.24 Amid Heavy Selling and A 55.91 Million Trading Volume Spike.
- The token Breached Multiple Support Levels But Stabilized at $ 0.24, Forming An Ascending Trianle Pattern that Signals Potential Consolidation.
- Despite Short-Term Weakness, Institutional Backers and Hedra’s Energy-Efficiency Technology Continue to Underpin ITS LONG-TRM MARKET APEAL.
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