Bitcoin appears poised for another upward trajectory, despite minor pullback from $70k levels which appears to be a strong point of resistance before the market takes off. If this level is surpassed, the token could go up to $72k with a bullish outlook. The triangle pattern holds the potential to take Bitcoin to new highs.
However, bears are putting up a strong resistance around which makes overcoming and maintaining levels above $70k point is crucial. Bitcoin needs to surpass and hold above this resistance soon to set the stage for a new ATH above $80,000 by mid-2024.
Other altcoins also saw a minor dip as Bitcoin dipped. Solana and XRP went down by 1.6% and 2.3%,
However, last week’s US Consumer Price Index report has given a boost to digital assets. The notable surge in investment reflects increased interest and confidence in BTC.
As of 10:00 AM, 23rd May 2024, on WazirX, Bitcoin’s current price is ₹57,80,599. Its price has decreased by 3.35% in the last 24 hours.
Ethereum (ETH) is trading at ₹3,09,371 up by 0.47% in the last 24 hours.
The top gainers on WazirX include Mina (MINA), Woo Network (WOO), and Gifto (GFT), with price increases of 9.49, 8.37%, and 4.1%, respectively.
However, the tokens that underperformed comprised Cortex (CTXC), Alchemy Pay (ACH), and Radicle (RAD), with a price decrease of 5.48%, 5.36%, and 4.78%, respectively.
Shiba Inu (SHIB) saw a price decrease of 4.04% and is now priced at ₹0.002101. Dogecoin (DOGE) saw a decrease of 4.10% and is now priced at ₹13.68.
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