“Bitcoin continued to rise, with the asset price surpassing the $65,000 mark for the first time since early August. At the time of writing, digital gold is trading around $65,360. Binance BTC/USDT daily chart. Source: TradingView. The rise of the flagship buoyed the rest of the market: Source: CoinGecko. Ethereum is slightly behind digital gold in growth rates over the last day — 1.9% versus 2.8%. From the top 10, Solana shows the best dynamics in 24 hours — 4.7%. Cryptocurrency […]”, — write: businessua.com.ua
Bitcoin continued to rise — for the first time since the beginning of August, the price of the asset exceeded the $65,000 mark.
At the time of writing, digital gold is trading around $65,360.
Binance BTC/USDT daily chart. Source: TradingView.
The growth of the flagship invigorated the rest of the market:
Source: CoinGecko.
Ethereum is slightly behind digital gold in growth rates over the last day — 1.9% versus 2.8%.
From the top 10, Solana shows the best dynamics in 24 hours — 4.7%. The cryptocurrency is trading near the $157 mark.
Prominent tech analyst Peter Brandt noted that a “convincing” close above the July highs is needed to break out of the sequence from local highs and lows, as well as the six-month widening triangle.
Bitcoin ($BTCUSD) continues to be in a sequence of lower highs and lower lows. Only a meaningful close above the Jul highs would change this sequence and officially complete the 6-month expanding triangle pic.twitter.com/GaSBWZRoE6
— Peter Brandt (@PeterLBrandt) September 25, 2024
Then, based on his chart, the resistance levels $70,162, $71,922, $72,762 and $73,666 will go.
Analysts previously interviewed by The Block saw chances for a resumption of the bitcoin rally.
The source