The bulls are in control of today’s session, as seen from the increase in the global market cap. The total cap stood at $2.3T as of press time, representing a 0.68% increase over the last 24 hours, while the trading volume also jumped by 19.2% over the same period to stand at $107.4B as of press time.
Bitcoin Price Review
Bitcoin, $BTC, has posted gains in today’s session, as seen from its price movements. Looking at an in-depth analysis, we see that the Bitcoin price is touching the upper band, suggesting that the asset might be slightly overbought and a short-term pullback or consolidation is possible before continuing its bullish trend.
On the other and, we see that the Awesome Oscillator (AO) is green and above the zero line, signaling that bullish momentum is building up. The histogram bars are increasing in height, which supports the idea of continued upward price action. Bitcoin traded at $66,865 as of press time, representing a 1.67% increase over the last 24 hours.
4-hour BTC|USD Chart | Source: TradingView Ethereum Price Review
Ethereum, $ETH, is not among the gainers in today’s session as seen from the price movements. Looking at an in-depth analysis, we see that Ethereum is trading above the 50, 100, and 200 SMAs, which is a bullish signal. The crossover of the shorter moving averages above the longer ones (Golden Cross) indicates that the bullish momentum could continue in the short term.
On the oter hand, we see that the Money Flow Index (MFI) is around 71.65, indicating overbought conditions. While the price has room to rise further, there might be a near-term pullback before it continues higher. Ethereum traded at $2,601 as of press time, representing a 0.61% decrease over the last 24 hours.
4-hour ETH/USD Chart | Source: TradingView Litecoin Price Reviw
Litecoin, $LTC, is also among the gainers in today’s session as seen from its price movements. Looking at an in-depth analysis, we see that a symmetrical triangle pattern is visible, which LTC has broken out of. This breakout is a bullish sign, suggesting the potential for further gains.
On the other hand, we see that the Relative Strength Index (RSI): The RSI is above 80, indicating that Litecoin is in overbought territory. This might lead to a short-term pullback before resuming its upward trend. Litecoin traded at $70.80 as of press time, representing a 5.43% increase over the last 24 hours.
4-hour LTC/USD Chart | Source: TradingView Bitcoin SV Price Review
Bitcoin SV, $BSV, is also among the gainers in today’s session as seen from its price movements. Looking at an in-depth analysis, we see that the BitcoinSV price is trading above the Alligator indicator, which consists of multiple moving averages. This configuration suggests a bullish momentum.
On the other hand, we see that the ADX (Average Directional Index) is at 40.94, which indicates a strong trend is in place. Since the price is above the Alligator, it’s likely that this is a bullish trend. Bitcoin SV traded at $50.38 as of press time, representing a 2.05% increase over the last 24 hours.
Dogecoin Price Review
Dogecoin, $DOGE, is also among the gainers in today’s session as seen from its price movements. Looking at an in-depth analysis, we see that the SuperTrend is in a bullish mode (green), signaling that the price has broken out of a downtrend and is now in an upward trend.
TheDogecoin price is currently consolidating around $0.118 with a clear upward push. The market is looking bullish for DOGE if it can maintain its current level above the SuperTrend’s support.Dogecoin traded at $0.1191 as of press time, representing a 2.55% increase over the last 24 hours.
4-hour BSV/USD Chart | Source: TradingView
