Bitcoin price struggles to trade above $60,000, and the bullish setup displayed by altcoins is also beginning to crumble. Is the bull market coming to an end?) again revisited the $60,000 support on July 3, indicating that the bears have maintained their selling pressure. It may not be easy to break the $60,000 to $56,552 support zone as the bulls are expected to defend it, keeping Bitcoin inside the large range for some more time.
On the upside, a break and close above the 50-day SMA will signal that the short-term correction may be over. The ETH/USDT pair could then start a rally to $3,730 and subsequently to $3,887.The bears will try to sink and maintain the price below the immediate support at $551. If they manage to do that, the selling could pick up. The BNB/USDT pair may plummet to $536 and eventually to the solid support at $495.
On the upside, buyers will have to clear the 20-day EMA hurdle to clear the path for a rally to the 50-day SMA . This is a crucial resistance to watch out for because a break above it will suggest the start of a strong recovery toward $0.57.The tight consolidation near the $0.12 support increases the risk of a breakdown. If the price closes below $0.12, the DOGE/USDT pair could decline to $0.10 and later to the solid support at $0.08.
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