Bitcoin Soars over $26,000; Avalanche, Solana, and Dogecoin Surge up to 6% in Crypto Market Today

Bitcoin and other cryptocurrencies extended their gains for the third consecutive day, although some tokens saw profit-taking in early trading. Investors remain positive about the digital token market after the global fallout triggered by the US banking sector, and US inflation numbers being in line with expectations indicate that aggressive rate hikes by the US Federal Reserve may be avoided. Bitcoin briefly broke through the $26,000 level but has since seen its gains cut back to below $25,000, while ethereum attempted to reach $1,800 but was hovering around $1,700. Altcoins outperformed the blue-chip tokens with some seeing rises of up to 35%. The bullish market structure indicates the worst is over for the digital token market. Bitcoin’s 50-day and 200-day moving averages and RSI levels suggest it may be overbought and could fall back to its next support level of $23,965 before making another move higher towards resistance levels of $25,960, $26,670 and $28,800.

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About The Author

Niels I have been passionate about dogecoin since 2019, and have since become an avid follower and advocate of the cryptocurrency. I keep a close eye on the Dogecoin market and trends, and I'm always up-to-date with the latest news and developments. As a true believer in the potential of dogecoin, I am excited to be a part of the growing community and I'm eager to share my knowledge and experience with others. When not busy with dogecoin, I enjoy golf, and I can often be found on the golf course.

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