Monday is anticipated to be a subdued day for trading activities, owing to the observance of Martin Luther King Jr. Day, resulting in the closure of the U.S. bond market, Nasdaq, and the New York Stock Exchange (NYSE). Over the past hour, bitcoin has been observed trading within the range of $42,530 and $42,765 per unit, marking a slight decrease of 0.3% over the 24-hour timeframe. Bitcoin’s intraday prices have fluctuated, showcasing values from $41,746 to $43,005.
Bitcoin
A review of bitcoin’s daily chart reveals a distinct upward trend, marked by a sequence of increasing peaks and troughs since late November. This trajectory includes periodic retracements, manifested through a pattern of substantial surges and minor declines. The presence of strong trading volumes on days with significant price fluctuations reinforces the authenticity of these price changes, indicating that a positive market sentiment continues to prevail.
Oscillators currently display a predominantly neutral ou
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