+0.97% Bitcoin (BTC) 92757 EUR
+2.28% Ethereum (ETH) 2190.19 EUR
+1.34% Litecoin (LTC) 74.65 EUR
+2.73% B-Cash (BCH) 426.11 EUR
+1.32% Ethereum (ETH) 0.0238562 BTC
+0.24% Litecoin (LTC) 0.00081305 BTC
+1.65% B-Cash (BCH) 0.00460156 BTC
+0.79% Bitcoin (BTC) 110098.5244 USDC
+0.16% USD Coin (USDC) 0.85 EUR
+3.63% Chainlink (LINK) 11.71 EUR
+2.71% Chainlink (LINK) 0.00012641 BTC
+5.87% Dogecoin (DOGE) 0.14 EUR
+4.57% Dogecoin (DOGE) 0.0000016 BTC
+1.73% Uniswap (UNI) 6.35 EUR
+0.60% Uniswap (UNI) 0.00006868 BTC
+2.22% Cardano (ADA) 0.5 EUR
+1.11% Cardano (ADA) 0.00000543 BTC
+1.50% Tron (TRX) 0.24 EUR
+0.75% Tron (TRX) 0.00000266 BTC
+2.53% Shiba Inu (SHIB) 0.00001012 EUR
+0.86% Zcash (ZEC) 33.31 EUR
0.00% Zcash (ZEC) 0.0004242 BTC
0.00% TradeFlow (TFLOW) 0.12216892 BUSD
+2.36% Arbitrum (ARB) 0.3328 USDC
+3.57% Chainlink (LINK) 13.62 USD
+3.26% Chainlink (LINK) 13.64517 USDC
+1.96% Uniswap (UNI) 7.408 USDC
+2.33% Ondo (ONDO) 0.67 EUR
+2.17% Ondo (ONDO) 0.79504 USDC
+2.79% Gala (GALA) 0.01 EUR
+2.07% Gala (GALA) 0.01432 USDC
+1.07% Wormhole Token (W) 0.05 EUR
+1.38% Wormhole Token (W) 0.0661 USDC
+2.61% Chiliz (CHZ) 0.03 EUR
+2.56% Chiliz (CHZ) 0.03594 USDC
+1.85% Sand (SAND) 0.2 EUR
+1.90% Sand (SAND) 0.2461 USDC
+5.62% Aave (AAVE) 244.5 EUR
+5.55% Aave (AAVE) 287.24 USDC
+3.44% Curve DAO (CRV) 0.43 EUR
+3.45% Curve DAO (CRV) 0.512 USDC
+0.30% Immutable X (IMX) 0.35 EUR
-0.09% Immutable X (IMX) 0.4197 USDC
0.00% Skale (SKL) 0.07 USDC
+6.01% Beam (BEAM) 0 EUR
+6.89% Beam (BEAM) 0.0062 USDC
0.00% Axelar (AXL) 1.05 USDC
+1.30% Livepeer Token (LPT) 5.27 EUR
+1.30% Livepeer Token (LPT) 6.199 USDC
+0.86% Compound (COMP) 34.91 EUR
+0.90% Compound (COMP) 41.1 USDC
+1.90% Coti (COTI) 0.04 EUR
+1.82% Coti (COTI) 0.0503 USDC
0.00% Portal (PORTAL) 1.1 USDC
+3.45% Sushi (SUSHI) 0.51 EUR
+3.43% Sushi (SUSHI) 0.6088 USDC
+4.87% Pepe (PEPE) 0 EUR
+4.76% Pepe (PEPE) 0.00001012 USDC
+3.14% Optimism (OP) 0.46 EUR
0.00% Polygon (MATIC) 0.2 EUR
+2.94% Solana (SOL) 128.8 EUR
+1.85% Solana (SOL) 0.0013883 BTC
+0.75% Solana (SOL) 0.059035 ETH
-0.25% USD Coin (USDC) 0.73 GBP
0.00% USD Coin (USDC) 1 USDT
0.00% USD Coin (USDC) 145.58 JPY

Bitcoin rejected after attacking $42K as trader says BTC price impulse move not 'done yet’

02-07-2022

Bitcoin (BTC) zoned in on a multi-week high for the weekly close on Feb. 6 as a calm weekend helped fragile sentiment.

Bitcoin should flip $41,000 to support

 

Data from Cointelegraph Markets Pro and TradingView followed a mercifully non-volatile weekend for BTC/USD, which continued to test $42,000 resistance while retaining $40,000 as support. Friday's unexpected gap upward initially resulted in misgivings over a price "fakeout," but at the time of writing, no significant retracement had entered.

 

"I do not believe this Bitcoin impulse is done," popular trader and analyst TechDev announced. Other comments focused on what could be a more sustainable price transformation, William Clemente eyeing $41,000 as a support-resistance flip to secure an attack on levels closer to $50,000 next.

 

"Pretty straightforward price action-wise for BTC," he tweeted in fresh analysis on the day.

 

"Bidding green box(es); would like to see a higher low set for continuation. Flip the 40-41k area as support and can start eyeing 47K which is PoB in confluence with yearly open and STH realized price. Final major area is 58k."

 

"Constructive" market needed for altcoin gains. Fellow trader Pentoshi meanwhile said that the time could soon be right to take a position in altcoins. These suffered heavily in recent months and are now primed for a turnaround should Bitcoin's own strength persist.

 

While flat on the day, many of the top ten cryptocurrencies by market cap produced significant gains through the week, among them Ether (ETH), up nearly 16% and above $3,000 for the first time since Jan. 20.

 

Source: Cointelegraph