This milestone has triggered a ripple effect, lifting the prospects of other prominent cryptocurrencies like Litecoin (LTC) and Monero (XMR). With Bitcoin leading the charge, investors are keen to explore whether LTC and XMR can ride this bullish wave to new heights. In particular, Monero’s privacy-focused innovations and resilient community make it a standout contender in this dynamic rally. Could Monero capitalize on this momentum to redefine its position in the market? Let’s delve into the potential trajectories of BTC, LTC, and XMR in this electrifying phase of crypto resurgence.
Bitcoin Shows Potential as Bulls Eye $111,730 Resistance LevelSource: ChangeNOW
Bitcoin is trading between $97,296 and $107,956, showing signs of potential growth. The nearest resistance level is at $111,730, and breaking through could lead to the next target of $122,389. In the past month, Bitcoin’s price has increased by over 12%, and by nearly 59% over six months. The Relative Strength Index (RSI) stands at 45.33, indicating neutral momentum. The 10-day Simple Moving Average is $101,054, slightly below the 100-day SMA of $104,316, which may signal an upward trend.
With these market indicators, some investors are watching Bitcoin closely. Bitcoin can be bought or exchanged on platforms like ChangeNOW without registration and hidden fees.
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