Market situation: What is the condition for bitcoin to continue its upward trend?
Continuing the upward trend of the digital currency market in recent days, Bitcoin was able to overcome the significant resistance of $ 42,000. Many well-known altcoins have experienced double-digit mutations in the past 24 hours.
To Report Crypto News, the price of Bitcoin started a strong upside three days ago and was able to regain the $ 40,000 level after weeks of trying. Buyers went through a resistance of $ 42,000, and now each bitcoin is trading above $ 42,800. The price of bitcoin has risen 3% in the last 24 hours and more than 15% in the last seven days.
Similar to the situation in the bitcoin market, the price of the most important instruments on the market is constantly increasing. Atrium has so far been able to maintain its position above the level of $ 3,000, and Ripple has recently passed the key resistance of $ 0.70. Cardano, who is no exception to this rule, has reached the resistance level of $ 1.15.
Bitcoin prices
After a break in the price trend, Bitcoin was able to overcome the resistance of 40,000. Following this bullish failure, buyers took control of the market and pushed the price above the $ 41,500 resistance. Buyers’ efforts yesterday pushed the price above the $ 42,000 resistance, and now the $ 43,000 level is the closest key resistance to the price. Crossing this level could lead to an increase in the upward acceleration of the price and bring Bitcoin to the level of $ 44,500.
In the event of a downtrend, the nearest price support will be at $ 42,000 and the key weekly resistance is at $ 40,000. Breaking the $ 40,000 support could spark a new downtrend.
Atrium price
Atrium followed its recent uptrend with $ 2,880. Atrium has been hovering above the $ 3,000 level for the past two days, with a 2% price increase in the last 24 hours and an 18% jump in the last 7 days, indicating buyers’ efforts to recover prices. Atrium is currently facing resistance at the $ 3,080 level, after which $ 3,120 will act as the key price resistance. Crossing this level could also pave the way for a further jump in Atrium prices to $ 3,350.
On the other hand, if the market reverses, the closest support will be at $ 3,000, followed by $ 2,880 and $ 2,600 as key price support.
The price of the most important instruments on the market
Cardano has been able to reach the top of the $ 1.15 resistance during this period and now the price has a chance to grow to $ 1.18. Continuing the uptrend can also push the price to the resistance level of $ 1.20.
Bainance Quinn has just crossed the $ 400 key resistance and is currently hovering above the $ 420 level. If buyers continue to operate, the price will have a chance to rise to the level of $ 445 and $ 450.
Solana, who recently surpassed the $ 112 resistance, is currently on the verge of crossing the $ 120 level. If buyers can overcome this resistance, the way will be paved for further price growth to $ 125 and $ 130.
The Dodge Quinn accelerated to $ 0.155. This is evident from the 7% price increase in the last 24 hours and the 13% jump in the last 7 days. The next resistance for buyers is at $ 0.162; But if the market continues to decline, $ 0.150 will act as Dodge Quinn support.
Ripple prices have risen more than 12 percent in the past 24 hours, and the jump has so far been broken by the $ 0.70 resistance. The next key resistance for Ripple buyers is at $ 0.75, and crossing this level could accelerate the price upward and pave the way for a jump to $ 0.80.
Prices of other instruments on the market
The yield of many Altcoins on the market for the last 24 hours has been more than 5% and these tokens can be found in Sheiba Ino, Decentraland, Leo (UNUS SED LEO), Axie Infinity, Theta Network , Noted Harmony, Flow, The Graph, Kusama, Loopring, Chiliz, and Theta Fuel. Among these altcoins, Sheiba Ino has experienced a 25% growth and has been able to pass the level of $ 0.000028. The weekly return of this honeymoon was about 36%.