Crypto markets remain volatile across the board, but data suggests traders are buying Bitcoin price dips.
Altcoins see another week of rocky trading, while traders are viewing Bitcoin price dips as a buying opportunity, as seen from the fresh inflows into the spot Bitcoin ETFs.) remains stuck in a large range, but the bulls are trying to maintain the price above $60,000. This is a positive sign as it shows the bulls are not waiting for the price to dip to $56,552 before buying.
Contrary to this assumption, if the price rises above the moving averages, it will suggest the start of a rally to $3,730. If the ETH/USDT pair turns down from $3,730 but finds support at the 20-day EMA, it will improve the prospects of a break above the overhead resistance.If the price turns down and breaks below $560, it will signal the start of the next leg of the down move to $536.
Alternatively, if the price turns up from the current level and breaks above the moving averages, it will suggest that the pair will attempt a rally to the overhead resistance of the range at $0.57.) has been stuck between $0.12 and $0.13 for the past few days, indicating that the bulls have successfully defended the support but failed to start a rebound.The downsloping 20-day EMA and the RSI in the negative territory indicate that the bears have the upper hand.
On the downside, a break and close below $0.35 will tilt the advantage in favor of the bears. The pair may then slump to $0.28.The 20-day EMA is flattening out, and the RSI is rising toward the midpoint, indicating that the selling pressure is reducing. If buyers drive and maintain the price above $29, it will signal that the markets have rejected the breakdown. The AVAX/USDT pair may rally to the 50-day SMA .
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