The crypto market briefly sold-off after today's inflation report, but signs of a recovery have emerged.
Bitcoin is witnessing a tough battle between the bulls and the bears near the $69,000 level with buyers holding a slight edge.) continues to hover around the $69,000 mark, indicating a tough battle between the bulls and the bears. Some analysts expect the upcoming“has been diminishing, as the new issuance of Bitcoin gets smaller relative to the amount of Bitcoin selling from long-term holders.
The bears are likely to have other plans. They will try to defend the downtrend line and sink the price to the uptrend line. A break below this support will signal the start of a correction toward $460.The bears will try to sink the SOL/USDT pair below the 50-day SMA , but the bulls are likely to vigorously protect the level. If the price rebounds off the 50-day SMA and rises above the 20-day EMA, it will suggest that the pair may consolidate between $162 and $205 for a while longer.
If bears want to prevent the upward move, they will have to sustain the price below the 20-day EMA. The pair could then descend to the 50-day SMA .Toncoin has been trading inside an ascending channel pattern for the past few days. The price picked up momentum after breaking above $5.69 on April 8.The bears are trying to stall the up move at the resistance line. If the price turns down sharply from the current level, the TON/USDT pair could drop to the channel’s support line.
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