logo |

News

    Home   >     Industry    >     Main body

    Bitcoin (BTC), Ethereum (ETH) Surge on Amazon Payment Rumor

    Abstract:BITCOIN (BTC/USD), ETHEREUM (ETH/USD), AND ALT-COIN ANALYSIS AND CHARTS:
    •   Amazon payment rumor sends cryptocurrencies sharply higher.

    •   Alt-coins continue to rally.

      

    609434a6f22c6b00185dcb5d.jpg

      Bitcoin is registering double-digit gains on a widespread ‘insider’ story that Amazon is looking to accept BTC payments soon. If this story is true, and well need to hear some form of confirmation from the company, this move higher may continue to gain traction, especially as the heavyweight coin has broken out of its multi-week range with ease over the last 24 hours.

    Bitcoin

      The daily chart shows that Bitcoin is spiking higher and is above prior multi-week range resistance. The next zone of resistance lies between $41,350 and $43,580. Prior resistance at $36,750 should act as the first line of support before $35,000 comes into view. The CCI indicator is showing BTC in extreme overbought territory and at levels last seen in December 2020.

    BITCOIN (BTC/USD) DAILY PRICE CHART
    Bitcoin

      Ethereum (ETH/USD) is also pushing sharply higher but has not yet been able to break multi-week range resistance between $2,420 and $2,470 although the spot price is closing in on this area quickly. Above here there is a cluster of prior highs all the way up to $3,000 that may put the brakes on any further rally.

    ETHEREUM (ETH) DAILY PRICE CHART
    Bitcoin

      The Ethereum/Bitcoin spread continues to respect a bearish trendline off the mid-May high around 815, with the 20- and 50-day simple moving averages also providing short-term resistance. Prior support around 550 should hold, suggesting a breakout is in the making if both support and trendline resistance continue to hold.

    ETHEREUM/BITCOIN DAILY SPREAD
    Bitcoin
    分割线1.png
    Copy

    Australia Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand

    United States Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand
    Current Rate  :
    --
    Amount
    Australia Dollar
    Available
    -- United States Dollar
    Risk Warning

    The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

    Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.

    Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

    Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.