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Usually a distinctive feature of cryptocurrencies is volatility. but, Looking in recent months at the dynamics of the cost of different coins, You can't say. Now any encouraging hint (Talking about ETF) Causes growth.
Bitcoin
Bitcoin growth per week was A little more 1,5%. The change has formed, in fact, Due to one trading session of Thursday, 28 september, when the coin grown at once more than on 2,5%. If this did not happen, then BTC would have a slight fall.
Source: tradingview.com
Bitcoin continues to stay in the sidewall. There is simply no news, who could throw up the course up. Inflation in the United States is still high. The head of the local Central Bank Jerome Powell does not give specifics. The head of the Fed prefers to hint, that the continuation of the hawk policy is quite possible. The halving is relatively far. It is worth noting, that he does not give 100% Growth guarantee. You can remember, What happened to Litecoin this year immediately after halving, When the price grew to, but fell immediately after.
The issue with all these spot exchange funds also remains in the limited state (ETF) of bitcoin. The US Securities and Exchange Commission continues to pull the rubber. Solutions for seven products already
Postponed until mid -October. Among them are also products of large companies as BlackRock, Fidelity и Valkyrie. If at least one ETF is approved, then this will become the first precedent and can throw the price up. Well, In the meantime, market participants remain in anticipation.
From the point of view of technical analysis, real growth will begin after overcoming $32000. Until that moment, all attempts are a continuation of the side, no matter, there will be a price of $ 25,000 or $ 27,000. In the short term, some positive to the bulls gives overcoming a 50-day sliding medium (indicated in blue). Wherein, In mid-September, 200-day sliding average (indicated by orange) crossed the 50-day from the bottom up, forming the "Cross of Death", And this is already a bear Pattern.
In this way, The situation remains twofold, what, Actually, Reflects the price. Bitcoin's volatility remains low. ATR indicator shows the value 586, which is slightly higher than in mid -August (Then it was 528), But still far from record marks. The nearest short -term resistance level is about $ 27,500, And the support level is about $ 24,800.
Source: tradingview.com
Fear and greed index
moved into a neutral zone. Friday's Day, 29 september, Its value made up 48, What's on 5 items above the week ago.
Ethereum
More than 5.5% for the period from 22 to 29 September 2023 year added to price the second in market capitalization of cryptocurrency. Almost the whole week has passed in the green zone. The exception was only one trading session on September 24, when the broadcast fell by 0.82%.
Source: tradingview.com
Like Bitcoin, The main news of the Ethereum is associated with ETF, Just not with spot, And with futures. Good news came from the senior analyst Bloomberg Erica Balchunas (Eric Balchunas), According to which the Futures ETF on Ethereum can
take place in the USA already 3 October.
Besides, Vaneck announced its intention to launch an ETF futures - Vaneck Ethereum Strategy ETF (Efut). Its main difference will be the lack of direct investment of the fund in cryptocurrency. EFUT is going to invest in futures contracts on ETH, which are traded on commodity exchanges and regulated by the US trade futures commercial (CFTC). Fund Listing
will be held at the Chicago Exchange Exchange (CBOE). It is worth noting, that this is not the first futures fund Vaneck. The company
There is also a similar Bitcoin Bitcoin Strategy ETF Bitcoin product (XBTF).
According to technical analysis, Picture for the broadcast is very similar to bitcoin. The price also overcame the 50-day sliding average (indicated in blue) And there is also a "cross of death", since a 200-day sliding average (indicated by orange) Located above 50 days. The volatility of the ether is relatively low, But higher, what was in August, as evidenced by the growth of ATR from 33 to 40. The nearest resistance level $1 744,8, Support level - $1 531,1.
Source: tradingview.com
Chainlink
Chainlink is a cryptocurrency, which, against the backdrop of a sluggish market, felt very good in September. FROM 1 by 29 September Coin added more 30%, Moreover, more 10,5% fell on the last week. The successes of the last month allowed cryptocurrency to enter the top 20 on capitalization.
Source: tradingview.com
On Friday, 29 september, The coin occupies 19 place with an indicator of $4,3 billion. The project continues to develop partnerships with counterparties. 27 September announced the launch of the protocol of inter -sequences (CCIP) On the BASE blockchain. This will allow the network developers to increase their functionality: It will be possible to create applications, Send messages, Asset exchange and much more. A 28 September became known about that, that CCIP is also
will be available on BNB Chain.
And Chainlink, together with the Australian financial group Australia and New Zealand Banking Group Limited (ANZ) I participated in a successful experiment, which was the result of the launch of Stablecoin with a binding to the Australian dollar and the tokenization of credit carbon units (Australian Carbon Credit Units (Batteries)). They are a financial product, Distributed by the authorities to companies, whose activities
leads to a reduction in greenhouse gas emissions. This is some
Analogue of American ZEV loans.
From the standpoint of technical analysis, Chainlink is in an upward trend. The next purpose and at the same time the level of resistance is the maximum of summer 2023 year in $8,44. The level of support is a mark $6,94.
Source: tradingview.com
In this way, The last week was more or less positive for some cryptocurrencies: bitcoin, Ethereum and Chainlink grew up. The main driving force for the largest coins is the actions of the American regulatory department regarding applications for spot and futures ETF. Chainlink during September generally demonstrated the dynamics better than the market.
This material and information in it is not an individual or other other investment recommendation. The view of the editorial office may not coincide with the opinions of the author, analytical portals and experts.