) bulls are trying to stage a comeback by pushing the price above the psychologically crucial level of $60,000. Veteran trader Peter Brandt said in a X post thatAnalysts are bullish on the long-term prospects of Bitcoin but do not expect the uptrend to start in a hurry. Bitfinex Alpha market report said thatTraders are likely to keep a close watch on the spot Bitcoin exchange-traded funds. According to Farside Investors data, the Bitcoin ETFs witnessed.
Conversely, a break above the 50-day SMA will suggest that the pair may extend its stay inside the range for some more time.) fell below the $2,850 support on May 1, but the long tail on the candlestick shows solid demand at lower levels.The downsloping moving averages and the RSI below 45 show that the bears have a slight edge. If the price turns down from the current level or the 20-day EMA , the bears will try to yank the ETH/USDT pair to the support line of the descending channel pattern.
The crucial support to watch on the downside is $126. If the price turns lower from the 20-day EMA and breaks below $126, it will signal the start of the next leg of the down move. The pair may then slump to $100.) relief rally has reached the 20-day EMA , an essential level for the bears to defend if they want to maintain control.If the price turns down from the 20-day EMA, the sellers will again attempt to tug the XRP/USDT pair to the strong support zone between $0.46 and $0.41.
This negative view will be invalidated in the near term if the bulls propel the price above the downtrend line.Toncoin is finding support in the zone between the 50% Fibonacci retracement level of $4.90 and the 61.8% retracement level of $4.25.The relief rally has reached the moving averages, which is an important level to watch out for. If the price turns down from the moving averages, the bears will again attempt to sink the TON/USDT pair below $4.25.
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.
Price analysis 5/1: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIBBears tighten their grip on the crypto market as Bitcoin price slices through a key support level to hit an intraday low at $56,500.
Source: Cointelegraph - 🏆 562. / 51 Read more »
Price analysis 4/29: SPX, DXY, BTC, ETH, BNB, SOL, XRP, TON, DOGE, ADABitcoin and altcoins find support in the bottom half of their current range, but excitement over spot BTC and ETH ETFs launching in Asia could spur a breakout.
Source: Cointelegraph - 🏆 562. / 51 Read more »
Source: Utoday_en - 🏆 295. / 63 Read more »
Price analysis 4/26: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIBCrypto bulls are are struggling to sustain the relief rally in Bitcoin and altcoins, indicating selling at higher levels.
Source: Cointelegraph - 🏆 562. / 51 Read more »
Price analysis 4/24: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIBBitcoin and most major altcoins have turned down from overhead resistance, indicating that bears are active at higher levels.
Source: Cointelegraph - 🏆 562. / 51 Read more »
Price analysis 4/19: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIBBitcoin bulls are trying to form a base near $60,000, which will act as a launchpad during the next bull run.
Source: Cointelegraph - 🏆 562. / 51 Read more »