Bitcoin price today: climbs near $72k as investors await payrolls data By Investing.com
- Bitcoin Price and Market: Bitcoin price edged higher, steadying near record highs due to a weaker dollar and expectations of U.S. interest rate cuts.
- Rate Cut Expectations: Growing bets on U.S. interest rate cuts boosted Bitcoin and broader crypto prices amid weak U.S. economic data.
- Nonfarm Payrolls Data: Traders awaited key nonfarm payrolls data for cues on the labor market and interest rates.
- Technical Analysis on Bitcoin: Technical analysts predict Bitcoin could reach $83,000 soon based on an inverted head-and-shoulders pattern.
- Altcoins Performance: Altcoins like Ether, XRP, SOL, and ADA traded in a tight range with minor gains, while memetokens like SHIB and DOGE saw declines.
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Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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