Bitcoin rose sharply by more than US$2,500 on Monday and the current price is at 65,300. The total market value of cryptocurrencies reached US$3 trillion for the first time, with Bitcoin accounting for 41.2%. Bitcoin's entire network computing power is 163.55EH/s, and the current difficulty of the entire network is 21.66T. ECB: The digital Euro cannot be completely given way to the private sector.
From a technical perspective, the weekly graph closed by 6 consecutive bullish candles. The daily graph formed triangle pattern, went upwards, and broke through. On H4 graph, BOLL widened upward. MA formed Golden Cross on the low position. RSI quickly strengthened. Overall, prioritise Buy. The chart below is showing the key point and the estimated trend, the deciding point whether to buy or sell is near 64200.
Resistance：65600-67000-68000
Support：64200-63200-62000
This material is from Quant Tech Limited and is being posted with permission from Quant Tech Limited. The views expressed in this material are solely those of the author and/or Quant Tech Limited and BTCDana is not endorsing or recommending any investment or trading discussed in the material. Before acting on this material, you should consider whether it is suitable for your circumstances and as necessary, seek professional advice.