The rise of Bitcoin continues to stagnate around $34000, as the closing price is mainly slightly lower than that of the region for two consecutive days.Bitcoin and Shanzhai CoinAs of the time of writing, the price of Bitcoin is slightly below $34000
The rise of Bitcoin continues to stagnate around $34000, as the closing price is mainly slightly lower than that of the region for two consecutive days.
Bitcoin and Shanzhai Coin
As of the time of writing, the price of Bitcoin is slightly below $34000. The price trend on the daily chart suggests that there may be a slight pullback in the coming days.
Firstly, the main kinetic energy indicators are at an overbought level. Therefore, there is a high possibility of a recent pullback or reversal. In addition, both short-term and long-term BTC holders are currently profitable. They may sell, which may lead to a new correction in the market.
Similarly, the price of Bitcoin is higher than that of the Belt. This usually indicates that prices are overvalued and there may be a correction.
In terms of counterfeit coins, although Bitcoin's momentum has slowed near the $34000 threshold, the market continues to grow slightly.
Injective (INJ) and Neo (NEO) were the two projects with the best momentum of the day, with profits exceeding 10% compared to the previous 24 hours.
Other projects such as Render (RNDR), BitcoinSV (BSV), THORChain (RUNE), NEARProtocol (NEAR), Aptos (APT), Fantom (FTM), dYdX (DYDX), Chainlink (LINK), Flow (FLOW), GMX (GMX), Apecoin (APE)... rebounded from 3 to 8%.
On October 26th, after encountering resistance above $1850, Ethereum (ETH) turned down, breaking its eight day continuous upward trend, with a slight decline of 0.5% in the past 24 hours.
(Personal opinions do not constitute suggestions)
In the encryption industry, if you want to seize the next bull market opportunity, you need to have a high-quality circle so that everyone can warm up and maintain insight. If you are alone, looking around in a daze, and realizing that there is no one, it is actually difficult to persist in this industry.
If you like it, please follow and bring more articles in the future
Thank you for reading. See you next time!
Disclaimer: The content of this article is sourced from the internet. The copyright of the text, images, and other materials belongs to the original author. The platform reprints the materials for the purpose of conveying more information. The content of the article is for reference and learning only, and should not be used for commercial purposes. If it infringes on your legitimate rights and interests, please contact us promptly and we will handle it as soon as possible! We respect copyright and are committed to protecting it. Thank you for sharing.(Email:[email protected])
