You should consider whether you understand how an investment works and whether you can afford to take the high risk of losing your money.Ĭryptocurrencies can fluctuate widely in prices and are, therefore, not appropriate for all investors. Each investment is unique and involves unique risks.ĬFDs and other derivatives are complex instruments and come with a high risk of losing money rapidly due to leverage. contracts for difference (“CFDs”) is speculative and carries a high level of risk.
Risk Warning: Investing in digital currencies, stocks, shares and other securities, commodities, currencies and other derivative investment products (e.g. A hyperlink to or positive reference to or review of a broker or exchange should not be understood to be an endorsement of that broker or exchange’s products or services. Notwithstanding any such relationship, no responsibility is accepted for the conduct of any third party nor the content or functionality of their websites or applications. We may receive financial compensation from these third parties. Please be aware that some of the links on this site will direct you to the websites of third parties, some of whom are marketing affiliates and/or business partners of this site and/or its owners, operators and affiliates. Michaël van de Poppe September 18, 2023 If we get $6.15-6.40 retest, that's an entry towards $8.
This one is showing upwards momentum and I think that the bottom is in. Crypto analyst Michael van de Poppe sees this as the likely trajectory. If prices continue to rise, LINK/USD might add to the weekly gains of more than 15% with a push towards $8.00. The breakout has been helped by the bullish push above the $6.40 area and comes after LINK revisited the $5.50 zone. We've seen upside wicks beyond a recently lost support many times before over the past year or so, some upside wicks as +8% long $BTC #Crypto #Bitcoin /qjDW97oy9EĬhainlink has been today’s biggest gainer so far, jumping nearly double-digits as intraday price reached highs of $6.81across major crypto exchanges. On the downside, rejection would mean a retest of $25k area before rebounding. If price moves higher, a rally to $28,200 could open it up for a retest of the psychological $30k level. The upside perspective would be crucial after BTC signaled the Death Cross on the daily chart and saw a bearish monthly close candle as price stayed below $27k. While the price may reject at the immediate resistance and fail to consolidate above the 200-week MA, the opposite outlook is a decisive breakout that turns the hurdle into a support.
With intraday highs near $27.4k, crypto analysts have noted the potential for a retest of a critical level and the invalidation of a double-top pattern. Can Bitcoin price break higher?īTC breaking higher on Monday sees the benchmark cryptocurrency rekindle a little positivity for bulls. Elsewhere, top altcoin Ethereum has hit highs above $1,670 as the mega caps gain ahead of a likely pivotal week for sentiment across risk asset markets. With the gains, LINK is up more than 15% in the past week and hit $6.81.īitcoin is back above $27,300 for the first time since August 31, while Chainlink (LINK) is leading the top 20 cryptocurrencies by market cap as its price bounces to above $6.80.
Bitcoin has broken above $26,300 for the first time since August 31.
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