Bitcoin price breaks below the weekly support level at $58,375, signaling a bearish move. Ethereum price fell below $3,240, its daily low on June 24, indicating a shift in the market structure from bullish to bearish. Ripple price trades below the weekly support level of $0.413, indicating a bearish trend ahead. Bitcoin breached the weekly support level of $58,375 on Thursday; as of Friday, it is trading 2.8% lower at $55,314.
It is trading around $2,914 as of Friday, reflecting a further decrease of 4.4% from the previous day's level. If ETH's price closes below its May 1 low of $2,817, it could decline 6.5% to revisit its daily support at $2,621. The Relative Strength Index and the Awesome Oscillator on the daily chart support this bearish thesis, as both indicators are below their respective neutral levels of 50 and zero.
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.
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Bitcoin retesting its major resistance levelBitcoin (BTC) and Ripple (XRP) prices are poised for short-to-midterm corrections, while Ethereum (ETH) hints at a potential rally.
Source: FXStreetNews - 🏆 14. / 72 Read more »
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Bitcoin struggles around $64,000 levelBitcoin (BTC) faces resistance near the $64,000 daily level, leading to a 1.05% decline in trading on Wednesday.
Source: FXStreetNews - 🏆 14. / 72 Read more »
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Bitcoin set to retest key levelsBitcoin (BTC) price is consolidating within a descending trendline, with a potential bullish breakout anticipated above $64,600.
Source: FXStreetNews - 🏆 14. / 72 Read more »
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Bitcoin retraces to crucial supportBitcoin (BTC) price encounters resistance at weekly highs before retracing to seek support at a crucial level, while Ethereum (ETH) and Ripple (XRP) align closely with Bitcoin's movements, gearing up to surpass resistance barriers and embark on upward rallies.
Source: FXStreetNews - 🏆 14. / 72 Read more »
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Bitcoin technical indicators signal bullish momentumBitcoin (BTC) price action shows a bullish divergence on a momentum indicator, signaling a forthcoming bullish trend.
Source: FXStreetNews - 🏆 14. / 72 Read more »
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Bitcoin braces for potential short-term correctionBitcoin (BTC) price may initially dip before experiencing a rally, and Ethereum (ETH) and Ripple (XRP) are likely to follow suit, dipping before their potential rallies.
Source: FXStreetNews - 🏆 14. / 72 Read more »