There was little volatility in BTC price over the weekend, which traded sideways, testing the resistance at $43,000. On Monday, the BTC price fell as low as $41,500. If the price of Bitcoin goes up, it may find further resistance at $44,300, while support may be found at the $41,000 level and further down at $40,000. Similarly, Ethereum traded a little over its 3,220 resistance over the weekend, but fell to $3,130 on Monday. In case its price goes up, it may find resistance around $3,400, while the psychological level of $3,000 may provide support if it falls.
At the moment the future trend of most major cryptocurrencies looks uncertain, with investors arguing over the trend that is going to prevail in the crypto market in the coming days. An overall increased risk-appetite favours cryptos. On the other hand, the Fed’s hawkish attitude makes traders more hesitant to invest in cryptocurrencies, while their price remains relatively high.
US indicators and economic data that are scheduled to be released today may also affect cryptocurrencies. Especially important is the US Empire State Manufacturing Index, which reflects economic health and future economic activity.
BTC/USD 1h Chart
ETH/USD 1h Chart
The content provided in this material and/or any other material that this content is referred to, whether it comes from a third party or not, is for information purposes only and shall not be considered as a recommendation and/or investment advice and/or investment research and/or suggestions for performing any actions with financial products or instruments, or to participate in any particular trading strategy and cannot guarantee any profits. Past performance does not constitute a reliable indicator of future results. TopFX does not represent that the material provided here is accurate, current, or complete and therefore shouldn't be relied upon as such. This material does not take into account the reader's financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of TopFX, no reproduction or redistribution of the information provided herein is permitted.
Fill in the registration
form and click
Once you are in the client secure area, please proceed with uploading your Proof of Identity and Proof of Residence.
When your live account is approved, you can deposit funds and start trading on your chosen platform!
The website you are now viewing is operated by TopFX, a trade name of Fondex Limited, an entity which is regulated by the Financial Services Authority (FSA) of Seychelles with a Securities Dealer License No SD037 that is not established in the European Union or regulated by an EU National Competent Authority.
If you wish to proceed, please confirm that your decision will be at your own exclusive initiative and that no solicitation has been made by TopFX or any other entity within the Group.
These cookies fall under the following categories: essential, functional and marketing cookies. Marketing cookies may also include third-party cookies.