The bidders distributed to the attack – End clap for the Silicon Valley Bank (SVB), which is placed under capital 11 bankruptcy protection. For its part, Bitcoin has the possibility of closing above $25,000, for the first time since June 2022.
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Bitcoin price climbs 6.5% in 24 hours
Bitcoin (BTC) is solid, it continues to display green. Against the dollar, BTC has been up in all time units for the past six months:
In 24 hours, Bitcoin is up by 6.5%and the price climb more than 30% in a week After three months, the price shows an increase of 58%. For the moment, Bitcoin continues to outperform Ethereum. Indeed, in 24 hours, the torque is up by 2.85%.
The price of Bitcoin is increasingly correlated to the dollar
In yesterday’s edition, we saw that Bitcoin was less and less correlated to the US market as well as to the European market. Thanks to this new graph, noticing that Bitcoin tends to be more and more run to the dollar :
The dollar is considered a active refugee, like gold. After a few months, and death after the start of the banking crisis, Bitcoin is blamed for the behavior of an active refugee.
Bitcoin price above $26,400, next resistance at $28,500?
Bitcoin has broken out of the resistance at $25,000buyers on hand on the course:
Bitcoin price closes above Last night at $26,400. A fence that still allows us to confirms the trend in 4H, continuing to show bottoms and rising tops. So much that you level up Support of $25,000 is kept, the price can climb until the next resistance at $28,500. The institutional bias (EMA 9/EMA 18) is bullish. He could act as dynamic support.
I ROI bouncesmore united bearish divergence could get in place. To confirm, this will allow the RSI to fire after 60. A fence above 79 could announcer later.
Bitcoin is having a bullish week, it is up 32%. The price of 6.5% in 24 hours. After a while, the behavior of Bitcoin changes. Indeed, it would seem that it is de-correlated from the risks (American market), in favor of refugee assets such as gold and the dollar.
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