Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Pepe — Asian Wrap 29 May

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Cryptocurrencies News

Technical Analysis

Bitcoin declined briefly from the $70,000 mark on Tuesday as Semler Scientific and Mt Gox made notable whale moves.

Bitcoin long-term holders begin re-accumulation after Semler Scientific and Mt Gox make major whale moves Glassnode also shared key on-chain insights that breathe clarity into the market's current state. Ethereum may continue outperforming Bitcoin as 'programmable money' may be ETH's new slogan Ethereum followed a sideways trend on Tuesday as the crypto community seems to favor the term 'programmable money' as ETH's one-liner.

Meanwhile, whales have continued accumulating ETH despite profiting from the recent price spike. Pepe sell signal hints at 20% crash before bulls come back Pepe price has shown resilience in the past two weeks, with the most recent rally nearly doubling the meme coin’s market value. However, due to the nature of the recent impulsive move, investors can expect a short-term correction, which could be an opportunity for patient and long-term buyers.

 

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