Bitcoin Trades Sideways as Crypto Market Attempts Recovery

Bitcoin consolidating above 50-day SMA, forming an inside bar pattern on Friday.
Ethereum and Dogecoin trading stronger than Bitcoin, regaining key moving averages.
Inside bar pattern indicates consolidation before continuation of trend.
Breakout above mother bar on high volume could confirm new uptrend.
Bitcoin has resistance at $27,133 and $28,690, support at $25,772 and $24,206.

benzinga.com

Relevant topic timeline:

8/27/2023

Bitcoin Is Likely to Chop Around $25,000 This Quarter, Says Arthur Hayes

Renowned cryptocurrency expert Arthur Hayes predicts that Bitcoin will enter a period of consolidation around the $25,000 mark in the coming months, while also emphasizing the potential long-term value and importance of cryptocurrencies and blockchain technology.

9/8/2023

Major Cryptocurrencies Struggle to Find Direction as Key Support Levels Face Tests

Bitcoin, Ethereum, and Ripple prices are in a consolidation phase, with Bitcoin facing a make-or-break support level, Ethereum testing a crucial support level, and Ripple breaking out from a bearish trend but still at risk of a decline.

9/15/2023

BTC Price Holds Above $25K as Bulls Aim for Further Gains

Bitcoin (BTC) consolidated higher on September 15 as analysts described recent price behavior as "textbook," with hopes of a potential bullish breakout and the possibility of avoiding new lows.

9/22/2023

Major Cryptocurrencies Flat After Fed News; Lower Volume May Signal Bearish Slowdown

Bitcoin, Ethereum, and Dogecoin traded flat following the Federal Reserve's decision to hold interest rates steady, while the lower volume signals a possible consolidation phase.

10/20/2023

Bitcoin Breaks $30k as Bulls Aim for Further Upside

Bitcoin consolidates below $30,000, with analysts closely monitoring the weekly close to gauge its staying power and potential for a bull breakout.

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Posted 9/29/2023, 8:25:55 PM