The markets take the escalator and the elevator descends an old Wall Street shiboboleth, and Crypto follows this script this week, with several days of earnings hardly won than the wiping in Friday trade.
He almost brought the level of $ 118,000 at one point Thursday after the federal reserve one day earlier, cut interest rates for the first time this year, Bitcoin fell to $ 115,600, down 1.5% in the last 24 hours and now mainly flat in the last seven days.
Ether (Eth) is removed from the area of ​​$ 4,750 to $ 4,460, down 2.9% in the last 24 hours and now down 1.5% weekdays.
In the midst of the excitement of ETFs and increasing institutional adoption, the two hottest crypto majors of this week were Solana And dogecoin . Both, however, have returned flat in the last seven days, a 4.5% lower soil in the last 24 hours and DOGE down 6.3%.
The technical factors suggest the reason for optimism
In a world where American actions have recorded record heights daily, it may seem that Bitcoin has failed to gain a lot of ground in recent times. Its price action in recent weeks, however, has formed a clear ascending triangle model, highlighted by a higher series of stockings, while pressing horizontal resistance nearly $ 118,000.
Each decline since early September has found support for an increasing trend line, signaling a regular accumulation and a bias bias among traders. The market is currently consolidated in $ 115,700 around the upward support line.
For the moment, the highest stockings keep the advantage tilted towards the bulls, the traders closely looking at the $ 118,000 ceiling.
