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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 Gainsle Bitcoin price’s downhill movement is becoming increasingly apparent. A rally towards $33,700 is possible.
For nearly two weeks, the 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.
I luga o le siata 6-itula, o le mea na taʻua muamua o se maketi faʻafememeaʻi i autafa o loʻo faʻapipiʻiina nei i se mamanu sili ona malosi, e faʻaalia ai le auai o tupe atamai.
Le tau o 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.
O se soliga i lalo ole galu A ile $28,630 e fa'aleaogaina ai le tulaga fa'atauva'a. Afai e manuia le urosa i le talepeina o lenei pa, o le isi faʻamoemoe e ono $ 23,500, o le 20% pa'ū mai le tau BTC o loʻo iai nei.
O tulaga tau tamaoaiga a le Iunaite Setete na fesoasoani i le siitia o maketi crypto i le aso 23 o Me. Na faasilasila e Peresitene Joe Biden le faamoemoe e faaitiitia le tau o fefaʻatauaiga ma Saina aʻo leʻi tatalaina le maketi, e faʻamalosia ai le talitonuina o le aufaipisinisi.
Related Reading | Eight Consecutive Red Closes: Is Bitcoin Headed For A Recovery?
Omea a Miners i luga ma laloBitcoin’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.
E ui lava i le mea moni o le siitia o latou atotupe i fefaʻatauaʻiga na paʻi atu i le 30-aso maualalo i le aso 23 o Me, e tusa ai ma luga o le filifili mataʻituina tulaga Glassnode, e le o faʻaalia e le au miners ni faʻamatalaga o le faʻasalaga.
At the start of a new trading week, bitcoin miner stocks were up and down in equal measure.
Related Reading | Long Liquidations Continue To Rock Market As Bitcoin Tauivi e Fa'amauina i luga a'e o le $30,000
Ata fa'aalia mai Unsplash, siata mai TradingView.comPunavai autu: NewsBTC