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February 27, 2023
Having lost $1,084.48 over 10 days, Today is looking a bit better: Bitcoin recovers back to $23,559 today after dipping down to $23,469, in a session that follows a previous closing value of $23,552.
As the trading day commences, technical analysis suggests Bitcoin is approaching key support, around $412.72 away from $23,146. Dipping below could indicate further losses are ahead while a failure to break below this level is likely to be seen positively by market bulls.
While Bitcoin is pretty flat so far today, mixed performances are seen elsewhere as FTX Token is up 9.54%. UNICORN Token USD slides down 2.98% to trade around $6.43.
Furthermore, the market is looking at United States Core Durable Goods Orders is projected to outperform its last figure with 0.1%. It previously stood at -0.2%; data will be released today at 13:30 UTC. As things stand, upcoming United States Pending Home Sales data is projected to fall short of market expectations with newly published data of 1%, following on from the preceding figure of 2.5%. New data is set to be published today at 15:00 UTC. United States Consumer Confidence is projected to outperform its last figure with 108.5. It previously stood at 107.1; data will be released tomorrow at 15:00 UTC.
Bitcoin has managed to gain 40.98% so far this year despite trading at lows around $15,759 previously.
