The price of Bitcoin rose 0.9 percent over the past 24 hours to roughly 43,160 dollars. The world’s largest cryptocurrency has been trading around 43,000 dollars over the past week and is down more than 12 percent from its cycle high reached when the Securities and Exchange Commission (SEC) approved 10 spot Bitcoin ETFs on Jan 10.
Mixed trading conditions lie ahead in the next 24 hours, with bearish clouds lingering over Bitcoin, Litecoin, Ripple’s XRP and Avalanche in the next 24 hours. Ether and Binance Coin will, however, profit from a bullish sun, indicating upside potential.
Over a one-week horizon, the trading conditions will improve for Bitcoin, which should profit from this bullish sun. However, most of the other altcoins covered by ATTMO will face bearish clouds and downside pressure over this longer time horizon.
Mixed trading conditions lie ahead in the next 24 hours, with bearish clouds lingering over Bitcoin, Litecoin, Ripple’s XRP and Avalanche in the next 24 hours. Ether and Binance Coin will, however, profit from a bullish sun, indicating upside potential.
Over a one-week horizon, the trading conditions will improve for Bitcoin, which should profit from this bullish sun. However, most of the other altcoins covered by ATTMO will face bearish clouds and downside pressure over this longer time horizon.
Find out more detailed forecasts at www.attmo.ai/