The post The Latest Status of Cryptocurrencies! – September 24 appeared first on Coin Engineer.

In recent days, while Bitcoin has been trading sideways, we have seen rapid gains in some altcoins. Such upward movements are generally evaluated for two main reasons:

➤ Upward movements in altcoins can attract investors, followed by a sharp decline.

➤ They can be seen as the beginning of a new upward wave and may carry long-term potential.

Therefore, it is essential to be extremely cautious when investing in cryptocurrencies during this period.

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The Latest Status of Bitcoin and Cryptocurrencies

‣ Bitcoin (BTC) is trading at $25,789 with a 0.02% decrease against the USD. The resistance levels for BTC are in the range of $26,800 to $28,200, while the support levels are in the range of $25,400 to $25,000.

‣ Ethereum (ETH) is trading at $1,637 with a 0.29% increase against USDT. The resistance levels for ETH are in the range of $1,694 to $1,731, while the support levels are in the range of $1,603 to $1,550.

‣ ApeCoin (APE) is trading at $1.36 with a 2.38% increase against the USD. The resistance levels for APE are in the range of $1.46 to $1.60, while the support levels are in the range of $1.28 to $1.05.

‣ Arbitrum (ARB) is trading at $0.90 with a 0.49% increase against the USD. The resistance levels for ARB are in the range of $0.93 to $0.98, while the support levels are in the range of $0.86 to $0.78.

‣ TomoChain (TOMO) is trading at $1.32 with a 1.05% decrease against the USD. The resistance levels for TOMO are in the range of $1.58 to $1.80, while the support levels are in the range of $1.22 to $1.09.

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The post The Latest Status of Bitcoin and Cryptocurrencies ! – September 7 appeared first on Coin Engineer.

With the postponement and non-approval of Bitcoin ETFs, Bitcoin has once again dropped to the $26,000 range. This situation can raise concerns about a possible recession for Bitcoin. Currently, an important support level for Bitcoin is at $25,000. Closures below this level could potentially take Bitcoin down to the $20,000 range.

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The Latest Status of Bitcoin and Cryptocurrencies

• Bitcoin (BTC) is currently trading at $26,101 with a 0.27% increase. The resistance levels for BTC are in the range of $26,800 to $28,200, while the support levels are between $26,000 and $25,000.
• Ethereum (ETH) is trading at $1,648 with a 0.13% increase. ETH has resistance levels between $1,694 and $1,731, and its support levels are in the range of $1,642 to $1,550.
• Matic (MATIC) is trading at $0.55 with a 0.36% increase. MATIC has resistance levels between $0.60 and $0.66, and its support levels are in the range of $0.52 to $0.48.
• Api3 (API3) is trading at $1.21 with a 5.70% increase. API3 has resistance levels between $1.30 and $1.45, and its support levels are in the range of $1.14 to $1.07.
• Tomo (TOMO) is trading at $1.13 with a 3.83% increase. TOMO has resistance levels between $1.24 and $1.40, and its support levels are in the range of $1.09 to $0.96.

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The post The Latest Status of Bitcoin and Cryptocurrencies! – September 1 appeared first on Coin Engineer.

Bitcoin made a corrective move down to the level of 26,800. This corresponds to the 0.786 Fibonacci level for Bitcoin. Currently, it’s struggling to break above this level and moving sideways. If it fails to break through this level, we might see a retracement towards 25,800. However, if it manages to break and close above it, the targets of 27,800 and 28,200 could come into play.

To better understand various scenarios in the sideways-moving crypto market, we analyzed the Bitcoin chart based on the past 4-hour candlestick patterns. Interestingly, we observed that the candlestick patterns between July 24th and August 16th started to resemble each other gradually. We believe this could be an intriguing starting point for predicting potential future movements.

If Bitcoin exhibits a movement towards the $27,500 level in the coming days and then experiences a sharp decline, it appears to share a structural similarity with a pattern observed in the past. Around a date like September 10th, there is a possibility of approximately a 10% drop based on past candlestick similarities. Here’s the latest status of Bitcoin and cryptocurrencies.

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The Latest Status of Bitcoin and Cryptocurrencies

• Bitcoin (BTC) is trading at $26,080 with a 0.15% decrease against the USD. The resistance levels for BTC are in the range of $26,800 to $28,200, while the support levels are between $26,000 and $25,000.
• Ethereum (ETH) is trading at $1,649 with a 0.24% decrease against USDT. ETH has resistance levels in the range of $1,694 to $1,731, and its support levels are between $1,642 and $1,550.
• Optimism (OP) is trading at $1.43 with a 0.64% increase against the USD. OP has resistance levels in the range of $1.49 to $1.60, and its support levels are between $1.36 and $1.20.
• Near (NEAR) is trading at $1.18 with a 1.09% decrease against the USD. NEAR has resistance levels in the range of $1.22 to $1.35, and its support levels are between $1.15 and $1.09.
• Tomo (TOMO) is trading at $1.06 with a 1.19% increase against the USD. TOMO has resistance levels in the range of $1.09 to $1.24, and its support levels are between $0.96 and $0.87.

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The post The Latest Status of Bitcoin and Cryptocurrencies! – August 29 appeared first on Coin Engineer.

Bitcoin is currently maintaining a sideways trend, and as we approach the weekend, we might see some significant movements in Bitcoin. If Bitcoin closes below the 25,800 level, we could discuss a scenario of decline. To talk about Bitcoin resuming its upward trend, also we would need to see closures aboce the 26,800 level.

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The Latest Status of Bitcoin and Cryptocurrincies

• Bitcoin (BTC) is trading at $26,142 with a 0.05% increase against the USD. The resistance levels for BTC are in the range of $26,800 to $28,200 , while the support levels are in the range of $26,000 to $25,000.
• Ethereum (ETH) is trading at $1,651 with a 0.12% decrease against USDT. The resistance levels for ETH are in the range of $1,694 to $1,731 , while the support levels are in the range of $1,642 to $1,550.
• Tomo (TOMO) is trading at $0.98 with a 3.07% decrease against the USD. The resistance levels for TOMO are in the range of $1.09 to $1.29 , while the support levels are in the range of $0.94 to $0.84.
• ApeCoin (APE) is trading at $1.43 with a 1.05% decrease against the USD. The resistance levels for APE are in the range of $1.52 to $1.66 , while the support levels are in the range of $1.35 to $1.12.
• Curve (CRV) is trading at $0.45 with a 0.16% increase against the USD. The resistance levels for CRV are in the range of $0.49 to $0.54, while the support levels are in the range of $0.43 to $0.36.

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The post The Latest Status of Bitcoin and Cryptocurrencies! – August 26 appeared first on Coin Engineer.