A pro-Bitcoin president in Argentina? Javier Milei is a pro Bitcoin candidate who was, at best, to finish in third position. Thus, seeing him at the top of the polls is a very big surprise for the media and very good news for fans of the king of cryptocurrencies. At this time, the price of Bitcoin is moving around $29,400 and continues to display relatively low volatility.
Bitcoin price has been hovering above $29,000 for a week
Bitcoin is hanging just below the psychological round number at $30,000. THE bitcoin price displays a 2.6% drop in one month.
In three monthsBitcoin still shows a good performance of almost 10%. In six monthsthe price displays a rise ofand close 20%. The pair BTC/ETH stagnates Since one week and displays a 1.3% increase in one month.
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Bitcoin price stagnates, altcoins benefit
the year 2023 was very interesting for the course of Bitcoin which returned to the tune of $30,000. However, for the past few weeks, the price of the king of cryptocurrencies has stagnated below $30,000. The price shows a performance of 0.4% over the last month.
If the altcoins are very discreet since the beginning of the year. They could – finally – begin to wake up. For example, Shiba Inu (SHIB) shows an increase of 31% over the last month. THE altcoins of the Challenge also benefit from capital turnover. Indeed, Uniswap (UNI) displays a 9.3% increase over the last month. And the Maker (MKR) is in 47% increase. However, Ethereum, the leader of altcoins, remains very discreet. The price shows a negative performance over the last month (-1.7%).
Bitcoin price stuck below resistance at $29,800
Despite the bulls’ new attempt yesterday, the price remains stuck below the resistance at $29,800. THE buyers and the sellers neutralize each other above $29,000.
The buyers’ objective now is to close above the last high marked at $29,680 Also, it will take the level at $29,800 as support. It will also be necessary to keep the last low at $29,090 to avoid going back to the support level at $28,500. For his part, the ROI East solid. It must continue to mark a bullish momentum with bottoms and rising tops.
The course of Bitcoin was rather discreet over the last month, and some altcoins take advantage. This is the case of shiba inus (SHIB) which shows an increase of more than 30%. THE DeFi altcoins also benefit from it, like Uniswap (UNI) which posted an increase of nearly 10%. The price of Bitcoin needs to recover the level at $29,800 to avoid returning to the support level at $28,500.
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