Report: Bitcoin may enter a phase of range fluctuation or consolidation in the short term
PANews reported on September 23, according to Bitfinex Alpha, despite Bitcoin's recent strong performance, it has not yet broken through the key high of $65,200 on August 25. If it cannot break this level, Bitcoin may continue its downward trend since March. In addition, the growth of Bitcoin's open interest (OI) contracts has exceeded the increase in spot prices, indicating that last week's rise was mainly driven by the futures market. As for altcoins, although some tokens have rebounded more than 100% from their lows in August, the overall market has not yet broken out and the OTHERS index continues to fall. In short term , Bitcoin may enter a period of range fluctuation or consolidation.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Apple (AAPL.US) nears a 5 trillion USD market capitalization, targeting Nvidia: the 1,999 USD foldable screen Duo becomes a critical battle.
Apple (AAPL.US) has unveiled its new iPhone, which could be the ticket for this consumer tech giant to reclaim its position as the most valuable company by market capitalization. The company is not far from reaching this goal.
Facebook and Instagram under Meta (META.US) experienced outages affecting thousands of users in the US last Sunday.
Thousands of users in the United States were unable to access Meta’s social platforms Facebook and Instagram last Sunday.
The Nasdaq 100 rebalancing will take effect before the U.S. stock market opens on Monday, SpaceX (SPCX.US) weight significantly rises to 2.82%.
The Nasdaq 100 Index quarterly rebalancing will take effect before the US stock market opens on September 21 (Monday). The main change is that SpaceX (SPCX.US) will see its index weighting significantly increase from about 1.28% to 2.82%.
WTI falls to near $93.50 as Middle East diplomacy hopes ease supply fears
Crypto prices
More
