Bitcoin and altcoins look ready for a range-break, but the direction of it remains uncertain.
Bitcoin’s dull range-bound action is likely to continue for a few more days as the bulls and the bears battle for control of BTC price.into the spot Bitcoin exchange-traded funds on May 3 and May 6, the tide turned on May 7 with an outflow of $15.7 million, according to Farside Investors data.
On the other hand, if the price turns up and breaks above $162, it will indicate that the corrective phase may be over. The pair could rally to $185 and later to $205, which is likely to act as a stiff barrier.) price action over the past few days has formed a tight range between $0.57 and $0.46. Traders generally sell near the resistance, and that is what happened on May 6.
Alternatively, the advantage will tilt in favor of the bears if the price slips below the moving averages. The TON/USDT pair could then slump to the solid support at $4.72.It is difficult to predict the direction of the breakout with certainty, hence it is better to wait for the price to start a directional move before placing large bets. If the price breaks above the 20-day EMA, the ADA/USDT pair could rise to the 50-day SMA and later to $0.57.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Price analysis 5/6: SPX, DXY, BTC, ETH, BNB, SOL, XRP, TON, DOGE, ADACharts suggest Bitcoin price will remain rangebound in the short term, which could give altcoins a chance to rally.
Lire la suite »
Price analysis 5/3: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIBBitcoin price is trading back above the all-important 20-day EMA, and if it holds it could be proof that bulls are back in control.
Lire la suite »
Price analysis 5/1: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIBBears tighten their grip on the crypto market as Bitcoin price slices through a key support level to hit an intraday low at $56,500.
Lire la suite »
Price analysis 4/29: SPX, DXY, BTC, ETH, BNB, SOL, XRP, TON, DOGE, ADABitcoin and altcoins find support in the bottom half of their current range, but excitement over spot BTC and ETH ETFs launching in Asia could spur a breakout.
Lire la suite »
Ethereum (ETH) Crushing Bitcoin (BTC) with 6% Price SpikeThe largest altcoin has spiked more than 6% over the past 24 hours
Lire la suite »
Price analysis 4/26: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIBCrypto bulls are are struggling to sustain the relief rally in Bitcoin and altcoins, indicating selling at higher levels.
Lire la suite »