

Bitcoin (BTC), Ordi (ORDI), and SATS (1000SATS) Crypto Tokens Price Analysis and Short-Term Price Targets
The cryptocurrency market has recorded a significant rise in price volatility, highlighting an increase in the price action.
The cryptocurrency market has shown signs of recovery over the past few hours, especially after the BTC price surged past the upper boundary of a descending channel, indicating the beginning of a new bullish trend.
As reported by Star Crypto previously, the market leader's price action has been closely watched by traders and investors throughout the past few weeks. Moreover, as the BTC price finally surged past the upper channel, it has added approximately $7,500 to its trading price, showcasing a 12% gain.
With this price surge, the Bitcoin price now trades at $67,640, highlighting a crucial support level of $66,726 and a resistance level of $73,750.07, which it will test in the coming time.
On the other hand, the BTC price also adds to its past 30-day rally of 8.92%, showcasing a massive gain in its YTD (Year-to-Date) price, which currently stands at 58.61%.
Furthermore, if we look at a larger time frame, such as the 1D time frame, the technical indicator MACD displays a constant decline in its averages, which showcases a neutral trend. However, its histogram displays a bullish action, which adds to the mixed sentiment for the BTC price in the coming hours.
As the BTC price continues to gain momentum, it now trades within a bullish range, which is highlighted by the technical indicator RSI. Moreover, as we can see on the price chart, the RSI displays a bullish trend, indicating a bullish sentiment among traders.
However, if the market fails to sustain the BTC price above its crucial support level, we might see a trend reversal, which could pull the Bitcoin price toward its lower support level of $60,178.50 before continuing its bearish momentum.
The above is the detailed content of Bitcoin (BTC), Ordi (ORDI), and SATS (1000SATS) Crypto Tokens Price Analysis and Short-Term Price Targets. For more information, please follow other related articles on the PHP Chinese website!

Hot AI Tools

Undresser.AI Undress
AI-powered app for creating realistic nude photos

AI Clothes Remover
Online AI tool for removing clothes from photos.

Undress AI Tool
Undress images for free

Clothoff.io
AI clothes remover

Video Face Swap
Swap faces in any video effortlessly with our completely free AI face swap tool!

Hot Article

Hot Tools

Notepad++7.3.1
Easy-to-use and free code editor

SublimeText3 Chinese version
Chinese version, very easy to use

Zend Studio 13.0.1
Powerful PHP integrated development environment

Dreamweaver CS6
Visual web development tools

SublimeText3 Mac version
God-level code editing software (SublimeText3)

Hot Topics











Bitcoin can't seem to leave the $60,000 price level as it continues to trade in uncertainty. On Saturday, August 3, the cryptocurrency experienced another sharp decline, briefly dipping below the $60,000 mark.

Bitcoin traded in the red for the second consecutive day on August 15, falling -3.42% to $58,942.27 on the BTC to USD charts in the last 24 hours.

The influence of US macroeconomics on Bitcoin has resurfaced, with crypto responding to developments from policymakers.

Arthur Hayes, co-founder and former CEO of BitMEX, stated that the recent U.S. Federal Reserve interest rate cut might not significantly influence

Bitcoin is going through a rough patch, with predictions from BitMEX co-founder Arthur Hayes indicating it might drop below $50,000 this weekend.

Bitcoin is up 4.90% over the last 24 hours, growing to $67,270.95 per token, which has led to the BRC-20 market pumping double digits.

It could be a buy the rumor, sell the news situation with Bitcoin price and the Labor Department's CPI report Wednesday morning.

Bitcoin (BTC) surged past $76,000 on Friday, November 8, reaching an all-time high as political certainty surrounding the U.S. presidential election provided a boost to the cryptocurrency.