Technical analysis shows traders relatively disinterested in Bitcoin and altcoins until BTC reclaims $20,000 as support. In the event of a reversal, SHIB, MATIC, $ATOM and $APE could be the first to breakout.
) is attempting to form a bottom. The buyers pushed the price above the 20-day EMA on July 1 but the 50-day SMA is likely to act as a strong barrier.The flattish 20-day EMA and the RSI near the midpoint indicate that the selling pressure may be reducing. If buyers thrust the price above the 50-day SMA, the bullish momentum may pick up and the ATOM/USDT pair could rally to $10.84 and then to $12.50. A break and close above this level could suggest a potential trend change.
Conversely, if the price turns down and plummets below the moving averages, it will suggest that bears continue to sell at higher levels. The pair could then slide toward $7.18 and then $6.89.) above the 20-day EMA on June 27 but they could not build upon the recovery. The bears pulled the price back below the 20-day EMA on June 29 but a positive sign is that the bulls have not given up much ground.This suggests that the buyers are not dumping their position as they anticipate a move higher.
Contrary to this assumption, if the price turns down from the current level and plummets below $4.21, the next stop could be $3.85.The 4-hour chart shows a symmetrical triangle formation, indicating indecision among buyers and sellers. Both moving averages are flat and the RSI is near the midpoint, suggesting a status of equilibrium.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Bitcoin trader says expect more chop, downside, then sideways price action for BTC this summerThe question is simple: what's next for Bitcoin? The answer is not so much, but Cointelegraph contributor Crypto Jebb and independent analyst Scott Melker have shared some interesting views.
Les mer »
Bitcoin Whales Now Control 45.6% of BTC Supply & Continue to Aggressively AccumulateICYMI: $BTC whales' aggressive buying led to a concentration of 45.6% of the total Bitcoin supply in their wallets BTC
Les mer »
Bitcoin indicator that nailed all bottoms predicts $15.6K BTC price floorBTC price action still has room to fall, according to one impressive Bitcoin price metric.
Les mer »
Bitcoin addresses in loss hit all-time high amid $18K BTC price targetBitcoin has never seen so many addresses at a loss, while CryptoTony__ predicts a trip to $18,000 next.
Les mer »
Bitcoin, Ethereum Technical Analysis: BTC Edges Closer to $18,800 Support Level on Saturday – Market Updates Bitcoin NewsBTC nears support level of $18,800 to start the weekend. Ethereum has now fallen to a low of $1,033.96 on Saturday, which is marginally below its $1,050 floor.
Les mer »
Technical Analysis: DOGE, SHIB, BABYDOGE, CATE, FLOKI and SAITAMA (July - W1) | CoinMarketCap$DOGE $SHIB BABYDOGE $CATE $FLOKI SAITAMA In last week's analysis, memecoins continued to rally towards major resistance. Since then, we have seen a minor retracement. From: CMCAlexandria Author: youngcryptowolf Editor: YousraAASheikh
Les mer »