Down nearly 3% versus the weekend’s highs, the pair looked weak as key support lines inched closer.
“Bitcoin is going to get another retest of support at the 200-Week MA ,” Keith Alan, co-founder of monitoring resource Material Indicators, warned in commentary on the weekly chart. “Bitcoin is, still, stuck in the range-bound area where $26,600 is the important area to hold,” Michaël van de Poppe, founder and CEO of trading firm Eight, told Twitter followers on the day.
Commenting on Alan's findings, it argued that the United States Federal Reserve decision on interest rates due June 14 would be the ultimate"do or die" moment.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin (BTC) Prints Super-Rare Golden Cross, Analysts Hint at Upcoming RallyBitcoin $BTC price prints this pattern for the first time in history, CryptoJelleNL foresees rally incoming Bitcoin
Source: Utoday_en - 🏆 295. / 63 Read more »
‘$31K was not the end’ — 5 things to know in Bitcoin this weekBitcoin begins the new week calm, but traders are eyeing a return to BTC price volatility. “Feels like it’s a matter of time until Bitcoin finally breaks that 30k level once and for all,” trader Jelle wrote in part of his latest analysis. Jelle, like others, noted that the 200-week moving average (MA) — a key support line — remained intact.
Source: Cointelegraph - 🏆 562. / 51 Read more »
Ethereum (ETH) Might Finally Surpass Bitcoin (BTC) by Market Cap, Analyst Displays Four ScenariosEthereum $ETH might flip Bitcoin $BTC by market cap in 2-3 years, MorganTBennett shares four scenarios Bitcoin Ethereum
Source: Utoday_en - 🏆 295. / 63 Read more »
Lido DAO (LDO) Soars 17% Weekly, Bitcoin (BTC) Maintains $27K (Weekend Watch)Aside from LDO, INJ and QNT are the two other massive gainers in the past week.
Source: Crypto_Potato - 🏆 568. / 51 Read more »
Coinbase Expands Futures Offering, Unveils 'Institutional-Sized' Bitcoin and Ether Contracts – Bitcoin NewsCoinbase has opted to introduce 'institutional-sized' bitcoin and ether futures contracts through its regulated Coinbase Derivatives Exchange.
Source: BTCTN - 🏆 531. / 51 Read more »
'Talk2Satoshi' — Developer Launches Unique AI Chatbot Infused With Bitcoin Knowledge – Bitcoin NewsThe chatbot sets itself apart by being trained on resources specifically focused on Bitcoin and its enigmatic founder, Satoshi Nakamoto.
Source: BTCTN - 🏆 531. / 51 Read more »