Is the bottom in for Bitcoin? Don't be so sure if one key trend line fails, warns CryptoMichNL.
Down nearly 3% versus the weekend’s highs, the pair looked weak as key support lines inched closer.
“Bitcoin is going to get another retest of support at the 200-Week MA ,” Keith Alan, co-founder of monitoring resource Material Indicators, warned in commentary on the weekly chart. “Bitcoin is, still, stuck in the range-bound area where $26,600 is the important area to hold,” Michaël van de Poppe, founder and CEO of trading firm Eight, told Twitter followers on the day.
Commenting on Alan's findings, it argued that the United States Federal Reserve decision on interest rates due June 14 would be the ultimate"do or die" moment.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Bitcoin (BTC) Prints Super-Rare Golden Cross, Analysts Hint at Upcoming RallyBitcoin $BTC price prints this pattern for the first time in history, CryptoJelleNL foresees rally incoming Bitcoin
Leer más »
‘$31K was not the end’ — 5 things to know in Bitcoin this weekBitcoin begins the new week calm, but traders are eyeing a return to BTC price volatility.
Leer más »
Ethereum (ETH) Might Finally Surpass Bitcoin (BTC) by Market Cap, Analyst Displays Four ScenariosEthereum $ETH might flip Bitcoin $BTC by market cap in 2-3 years, MorganTBennett shares four scenarios Bitcoin Ethereum
Leer más »
Lido DAO (LDO) Soars 17% Weekly, Bitcoin (BTC) Maintains $27K (Weekend Watch)Aside from LDO, INJ and QNT are the two other massive gainers in the past week.
Leer más »
Coinbase Expands Futures Offering, Unveils 'Institutional-Sized' Bitcoin and Ether Contracts – Bitcoin NewsCoinbase has opted to introduce 'institutional-sized' bitcoin and ether futures contracts through its regulated Coinbase Derivatives Exchange.
Leer más »
'Talk2Satoshi' — Developer Launches Unique AI Chatbot Infused With Bitcoin Knowledge – Bitcoin NewsThe chatbot sets itself apart by being trained on resources specifically focused on Bitcoin and its enigmatic founder, Satoshi Nakamoto.
Leer más »