Mr. Sathvik Vishwanath, Co-Founder & CEO, Unocoin said, “Bitcoin is currently hovering around $60,000, with David Portnoy eyeing a potential $10 million investment if it falls below $50,000. His move could affect market momentum amid reports of long-term holders selling assets. Bitcoin’s immediate resistance is at $61,500, which is key to start a bullish trend towards $62,500 and $64,300. Despite the downtrend of the 50-day EMA at $61,240, Bitcoin’s hold above this level and the RSI of 60.11 indicate a balanced market sentiment. Traders should closely monitor support levels at $59,940, $59,270 and $58,580, while considering long positions above $61,200 with robust risk management.”
sekar nallalu Cryptocurrency Crypto Market Rises Marginally, Trading Volume Increases; Bitcoin, Ethereum Up
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