Bitcoin price today: flat at $67k as rate fears favor dollar By Investing.com
- Bitcoin Price and Market Sentiment: Bitcoin price remained stable in Asian trade, while broader cryptocurrency prices dipped due to expectations of fewer interest rate cuts by the Federal Reserve, leading traders to favor the U.S. dollar.
- Ether ETF Progress: Despite progress towards a spot Ether exchange-traded fund, sentiment towards cryptocurrency markets did not improve significantly.
- Bitcoin Performance: Bitcoin fell 0.9% in the past 24 hours to $67,030.4 and was on track for weekly losses amid concerns over high interest rates impacting crypto investments.
- Market Reactions: Weaker-than-expected U.S. inflation data initially weakened the dollar, but Bitcoin failed to benefit as the Fed revised its interest rate cut forecasts, leading to reduced expectations and affecting speculative assets like crypto.
- Altcoin Movement: While Ether rose slightly to $3,515.79, other altcoins like ADA, XRP, SOL, DOGE, and SHIB experienced declines, with only Ether trading positively.
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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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