for the past few days. On the other hand, all the other major cohorts have been in a distribution phase.
There is a minor resistance at 4,325 where the bears will try to stall the rally. On the way down, if bulls do not allow the price to slide below 4,200, it will enhance the prospects of an up-move to the 4,500 to 4,600 zone. If the price turns down from 106 and breaks below the 20-day EMA, it will suggest that the index may extend its stay inside the range for a few more days. The bears will have to pull the price below 100.82 to complete the bearish head and shoulders pattern.Bitcoin has been trading inside the descending channel pattern for the past several days. The bulls pushed Bitcoin above the 20-day EMA on June 4 but the long wick on the candlestick shows that the bears sold the rally.
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.
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 »
Former Bitmex CEO Arthur Hayes Predicts Bitcoin Bull Market as US Economy Worsens – Bitcoin NewsArthur Hayes, economic analyst and former CEO of Bitmex, has predicted the imminent coming of a bitcoin bull market as the economic variables of the US worsen later this year.
Source: BTCTN - 🏆 531. / 51 Read more »
Bitcoin Interest Hits Rock Bottom: Google Trends Data Shows Lowest Score in 7 Months – Bitcoin NewsAccording to Google Trends, worldwide interest surrounding the term bitcoin has plummeted to its lowest point since October 2022.
Source: BTCTN - 🏆 531. / 51 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 »
Bitcoin Price Tumbles Below $27K, The Sandbox (SAND) Soars 6% Daily (Market Watch)SAND is among the few exceptions in the green today.
Source: Crypto_Potato - 🏆 568. / 51 Read more »