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In the volatile world of cryptocurrency, recent developments have sparked intense speculation and analysis. Bitcoin (BTC) has investors pondering its potential for an upswing, as signs of confirmation emerge. Conversely, Ethereum (ETH) finds itself grappling with rejection from the EMA55, a critical indicator. Amidst these market dynamics, <a href="https://furrevertoken.com/?ref_url=tbt-btcethfurr-b-08052024" target="_blank" rel="noopener noreferrer nofollow">Furrever Token</a> embarks on a delightful journey with its phenomenal presale and the announcement of a thrilling $10K contest, capturing attention with its unique blend of charm and community engagement.
Did Bitcoin (BTC) Receive Confirmation for an Upswing?
Bitcoin (BTC), with a market value of $1.257 trillion, continues its operations above the descending trend. Starting yesterday at $64,012, Bitcoin (BTC) tested $65,550 before closing the day at $63,165, down by 1.32%. Today, Bitcoin (BTC) continues its upward trend, currently trading at $63,884, up by 1.14%.
<img src="https://lh7-us.googleusercontent.com/gY11css0Zq5jQzk1BpyU5TbYMz6JZ6ZeJCawLLYXrzy8AVs6ahUpWis9Es1_mwFtOellxK9D5uqeSD8O719DTPVE0NxopNr7EDPd7PlTEPphgUOvJ_WuyGanoDk0K2XKFuktNyXAq9XNX8uQ7jlMnA" width="604" height="302" style="display: block; margin-left: auto; margin-right: auto;">
Bitcoin (BTC) Chart Analysis
Following the FED interest rate decision, Bitcoin (BTC) started rising from $56,552 and tested $65,550 yesterday. Experiencing profit-taking at $65,550, Bitcoin (BTC) closed the day at $63,135. Continuing its ascent today, Bitcoin (BTC) is currently trading at $63,884. Analyzing the daily chart of the leading cryptocurrency, we see that Bitcoin (BTC) has been trading above the descending trend and received confirmation of an upward movement from yesterday's close. As long as it stays above the averages, I expect Bitcoin (BTC) to continue its ascent. The near-term resistance levels for Bitcoin (BTC) are $69k-$71k-$73k. In case it falls below the descending trend again, the near-term support levels for Bitcoin (BTC) are the EMA100 at $60,227 and the $60k levels.
Ethereum (ETH) Rejected from EMA55
Ethereum (ETH), the second-largest cryptocurrency with a market value of $372.17 billion, turned upward after testing $2,858 once again, crossing above $3k. Yesterday, Ethereum (ETH) tested a critical resistance at $3,205, but after being rejected, it retraced to close the day at $3,062.9. Starting today with an upward movement, Ethereum (ETH) is currently trading at $3,098.8, up by 1.18%.
<img src="https://lh7-us.googleusercontent.com/CvHKGrFZoQV4k3HoJlrT2ER-arHU-1w9uDtleTF2WsgGILjRuK6lNd__nmO13Tith_wQb1nkUqRu14iLmQBzZN1wnf2iZWesXPw5jaRbVZRhEXod41Or5xesGF_vTPRosxqasleDW2i4AA0-_QqGGA" width="604" height="303" style="display: block; margin-left: auto; margin-right: auto;">
Ethereum (ETH) Chart Analysis
After testing $2,858 for the second time, Ethereum (ETH) turned upward and settled above $3k. Yesterday, Ethereum (ETH) attempted to break above $3,205 and the EMA55 but failed, closing the day at $3,062.9. Continuing its ascent today, Ethereum (ETH) is currently trading at $3,098.8. Analyzing the daily chart, for Ethereum (ETH) to continue its upward movement, it needs to close above $3,205. With daily closes above $3,205, the near-term resistance level for Ethereum (ETH) will be the descending trendline at $3,560. In case of a breakdown in market structure leading to renewed selling pressure, the nearest support levels for Ethereum (ETH) are the EMA5 at $3,092.6 and the $2,858.9 levels.
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Embarking on a Paw-some Journey: Furrever Token's Phenomenal Presale and $10K Contest
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But Furrever Token is more than just another cryptocurrency venture; it's a delightful expedition into a realm of cuteness and charm. With a unique approach that infuses joy and laughter into the crypto sphere, Furrever Token aims to build a warm and welcoming community around the endearing theme of adorable cats. By incorporating cute cat-themed stickers, emojis, and visuals, Furrever Token fosters a sense of shared joy among its users. Regular challenges, launches, and growth initiatives further enhance community engagement, transforming everyday transactions into delightful experiences.
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Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/bitcoin-btc-s-potential-upswing-ethereum-eth-faces-ema55-rejection-and-furrever-token-furr-s-paw-some-journey-with-10k-contest-tbt87740.html">https://thebittimes.com/bitcoin-btc-s-potential-upswing-ethereum-eth-faces-ema55-rejection-and-furrever-token-furr-s-paw-some-journey-with-10k-contest-tbt87740.html</a>

Bitcoin (BTC)'s Potential Upswing, Ethereum (ETH) Faces EMA55 Rejection, and Furrever Token (FURR) 's Paw-some Journey with $10K Contest

TheBitTimes

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