Crypto starts week Positive, Bitcoin Bulls Prep For A Breakout

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Crypto starts week Positive, Bitcoin Bulls Prep For A Breakout

On Monday, the cryptocurrency and Bitcoin market turned positive, attempting to break out of its current downturn, with market capitalization rising 1.5% to $1.37 trillion. The largest cryptocurrency, Bitcoin , reached $30,554, up 1.2%.

Bitcoin Price Sheds Gains

. Bitcoin price’s downhill movement is becoming increasingly apparent. A rally towards $33,700 is possible.

Ligi kaks nädalat, Bitcoin price Fear and Greed indicator has been at high fear levels. Because more investors are afraid to invest in the present BTC price, this Index can be utilized as a contrarian positive indicator, allowing smart money to accumulate huge orders.

6-tunnisel graafikul on see, mida varem peeti segadusttekitavaks külgsuunaliseks turuks, nüüd väga tõusuteel, mis viitab nutikale rahalisele osalemisele.

Hind bitcoin is creating a sideways triangle. From an Elliott wave standpoint, the lengthy sideways action justifies a wave B pattern. Since the initial countertrend rally on May 13th around $31,200, it has spent disproportionate time in the $30,000 zone. If the technicals hold, another countertrend profit-taking rise with targets of $33,700 and $34,000 will occur before significant bearish resistance returns.

A-lainest allapoole jääv rikkumine 28,630 23,500 dollari juures muudab bullish eelduse kehtetuks. Kui karudel õnnestub see barjäär läbi murda, võib järgmiseks sihtmärgiks olla 20 XNUMX dollarit, mis on XNUMX% langus praegusest BTC hinnast.

Ameerika Ühendriikide makromajanduslikud tingimused aitasid kaasa krüptoturgude tõusu 23. mail. President Joe Biden teatas kavatsusest vähendada kaubandustariife Hiinaga enne turu avanemist, tugevdades investorite usaldust.

Related Reading | Eight Consecutive Red Closes: Is Bitcoin Kas suundud taastumisele?

Kaevurite varud üles ja alla

Bitcoin’s network difficulty is expected to decrease by 3.3 percent during its next automated readjustment this week, according to the latest projections. The drop will be the biggest since July 2021, and it’s apparent that Bitcoin’s slump has put miners’ profits in jeopardy.

Hoolimata asjaolust, et nende rahakoti liigutused börsidele saavutasid 30. mail 23 päeva madalaima taseme, ei näita kaevurid ketisisese jälgimisplatvormi Glassnode andmetel kapitulatsiooni.

At the start of a new trading week, bitcoin miner stocks were up and down in equal measure.

Seotud lugemine | Pikad likvideerimised jätkavad Rock Market As Bitcoin Raskusi leppida üle 30,000 XNUMX dollariga

Esiletõstetud pilt saidilt Unsplash, diagramm saidilt TradingView.com

Algne allikas: UudisedBTC