Cryptocurrencies to buy: Bitcoin, Ethereum, Celestia show potential for a bullish market trend and offer a long window of opportunity before Bitcoin's halving.
Published 1 hour ago
Cryptocurrencies to buy: Bullish traders can take long chances in Bitcoin (BTC), Ethereum (ETH), and Celestia (TIA) as the likelihood of a resumption of the uptrend increases. The cryptocurrency market is trading in a bullish trend, Best cryptocurrencies to buy Before the Bitcoin halving. This period will be pivotal for investors, as major digital currencies such as Bitcoin and Ethereum exhibit strong upward trends, and emerging coins such as Celestia gain significant attention.
1. Bitcoin (BTC)
Bitcoin, the leading virtual currency, has been showing remarkable growth since the second half of last week. After emerging from a sharp drop below $40,000, the stock has consistently closed higher. BTC marked a 10% gain, maintaining its bullish trend over the past week.As a surrounding discussion ETF This optimism gained momentum and accelerated Bitcoin’s rally, pushing it above the key support mark at $43,000.
Bitcoin It has risen 4% in the past 24 hours and is trading at around $43,419, indicating strong buying interest. BTC's dominance in the market is evident at 51%, with a market capitalization of approximately $853 billion.
The Moving Average Convergence Divergence (MACD) indicates a bullish trend.if Bitcoin With it holding above the current support level, it seems very likely that BTC could rally towards $50,000 before halving. However, if momentum weakens at the $45,000 level, a bear market to $40,000 could occur.
2. Ethereum (ETH)
Ethereum’s journey over the past year has been within a substantial upward channel. We recently tested the $2,750 resistance level, which is the upper bound of this channel, but it was rejected. ETH price is currently below the $2,400 support and is currently up 3.77% over the past day.
The market is consolidating and is hovering between the $2,100 and $2,400 levels. A break above this range could result in Ethereum repeatedly testing the upper end of the channel, leading to a strong buy. Conversely, if it falls below $2,100, the price could fall towards $2,000 or below. The MACD green histogram suggests that buying pressure is increasing, but it failed to break above the $2,500 level, making the future uncertain.
3. Celestia shows a bullish pattern
Celestia's value has fluctuated between $12.30 and $16.30 over the past month. Over the past 24 hours, TIA has risen 4.44% to $18.32, continuing its positive weekly trajectory with a 14% gain. It is nearing an all-time high of $20.16 and has soared more than 700% since its inception.
Celestia's chart shows an ascending triangle pattern, indicating a strong bullish trend. This pattern is formed by a flat upper trendline and a rising lower trendline, suggesting the possibility of further upside. If TIA breaks through the resistance level, it could target $19 and $20. However, a reversal could result in a fall to the support levels of $16, $15, and $13.
Market outlook and opportunities
The cryptocurrency market remains an area of dynamic change, presenting a variety of opportunities for investors. Bitcoin is showing signs of a continued bull run, but Ethereum's higher level of resistance adds an element of uncertainty. Celestia, on the other hand, offers a fresh perspective with a bullish pattern. As the market evolves, these cryptocurrencies offer interested traders both stability and growth potential.
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The published content may include the personal opinions of the author and may be subject to market conditions. Do your market research before investing in cryptocurrencies. The author or publication assumes no responsibility for your personal financial loss.