Originally published on: October 07, 2024
Bitcoin is gaining momentum, approaching the $65,000 resistance level after surpassing $62,000. Despite a sideways trend, Japanese firm Metaplanet has been building up its Bitcoin reserves. On the flip side, CoinShares reported digital investment outflows, possibly due to stronger economic data reducing rate cut probabilities.
Looking at altcoins, could Bitcoin’s strength attract buyers? Let’s dive into the charts.
The S&P 500 Index holds a positive sentiment with successful retests and potential rallies to 6,000. The US Dollar Index shows a recovery trend with resistance at 103.50.
Bitcoin cleared the 20-day EMA hurdle and eyes $65,000, with support at $60,000. Ethereum is in a symmetrical triangle, BNB faces resistance at $635, SOL eyes $164, XRP at $0.64, DOGE in a triangle pattern, TON at $7, and ADA between $0.31 and $0.40.
Stay updated on crypto trends and investment opportunities by subscribing to our newsletter. Dive deep, spot opportunities, and refine your strategies. Subscribe now!
