Crypto price update: Bitcoin is finally rising again – this needs to happen now

The spell seems to have been broken. After five red days in a row, Bitcoin (BTC) is finally making itself heard again today. The largest crypto coin is showing a hopeful recovery, but it is not enough to really go bullish again.

Tomorrow seems to be the crucial day in that regard.

In this price update, we will tell you exactly how the market is currently doing.

Since last Thursday, Bitcoin has closed in red every day. This is the worst series since mid-August, just before the price began to rise sharply.

Of course, the current candle still has a long way to go, but with a current plus of 0.52 percent, the coin is making headlines to put an end to the bloody streak.

This morning the cards were shuffled differently. Bitcoin had failed for the umpteenth time at the $80,000 mark, reaching a low of $79,300 at 11:15.

It is now the third time that Bitcoin has bounced around this level, and this time it is a recovery movement of about 1.5 percent. At the same time, Wall Street is also having an excellent day, just like gold.

Bitcoin has now broken through the top of a triangle pattern and is knocking at an important technical level between roughly $80,400 and $81,000.

Does Bitcoin know how to break this level? Then it suddenly looks a lot rosier in the graph. Otherwise, we could be gearing up for lower goals, like the 50-week average that's just under $76,000.

Tomorrow will at least be an exciting day:

• At 19:00, the US central bank will come up with a new interest rate decision: there is a good chance that the interest rate will remain unchanged, so the focus will mainly be on the subsequent press conference of Chairman Kevin Warsh.
• After the closing of the US stock exchange, at 21:00 our time, tech giants Microsoft and Google parent company Alphabet are announcing new quarterly figures. This will be a big test for the AI trade and the results will also contribute to the sentiment in the crypto market.

At the time of writing, the BTC price is at $80,529, 0.96 percent higher than 24 hours ago. In euros, 72,299 are now paid for the largest crypto.

The rest of the crypto market is cheerfully participating today and many altcoins are coming up with better results.

Ethereum (ETH) has risen by 1.59 percent in the past day, Ripple (XRP) by 2.71 percent and Dogecoin (DOGE) by 1.42 percent.

The highlights within the top 20 are: Hyperliquid (HYPE) with a plus of 3.13 percent, NEAR Protocol (NEAR) with a gain of 2.88 percent and Zcash (Zec) that won 6.86 percent.

Below are the biggest top 100 risers of the past 24 hours:

Below are the biggest top 100 decreasers of the past 24 hours: