SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE
The post SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE appeared on BitcoinEthereumNews.com. Key points: Bitcoin risks a deeper correction to $100,000, but a positive sign is that Strategy and Mataplanet continue to accumulate. Ether and select altcoins are trying to bounce off their strong support levels, signaling buying on dips. Bitcoin (BTC) failed to sustain above $105,000, indicating a lack of demand at higher levels. Research firm Santiment said in its market update that whale activity picked up after Bitcoin rallied near $112,000. Sometimes, such an increase in whale activity near market tops signals profit-taking. Analyst AlphaBTC said in a post on X that Bitcoin may have started a deeper correction, which could last till the second week of June. Trader Titan of Crypto said in a post on X that Bitcoin could decline to $97,000, and if that level also cracks, the next stop could be at $90,000. Crypto market data daily view. Source: Coin360 Although the near-term picture remains uncertain, long-term Bitcoin bulls continue to buy. Michael Saylor’s Strategy, the world’s largest corporate holder of Bitcoin, announced the purchase of 705 Bitcoin for an average price of $106,495 per coin between May 26 and 30. Similarly, Japanese investment company Metaplanet said in a post on X that it acquired 1,008 Bitcoin for an average price of $108,400. What are the critical support levels to watch out for in Bitcoin and altcoins? Let’s analyze the charts of the top 10 cryptocurrencies to find out. S&P 500 Index price prediction The S&P 500 Index (SPX) dropped near the 20-day exponential moving average ($5,817) on May 30, but the long tail on the candlestick shows buying at lower levels. SPX daily chart. Source: Cointelegraph/TradingView The bulls will try to resume the up move by pushing the price above 5,970. If they can pull it off, the index could start its northward march toward…
The post SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE appeared on BitcoinEthereumNews.com.
Key points: Bitcoin risks a deeper correction to $100,000, but a positive sign is that Strategy and Mataplanet continue to accumulate. Ether and select altcoins are trying to bounce off their strong support levels, signaling buying on dips. Bitcoin (BTC) failed to sustain above $105,000, indicating a lack of demand at higher levels. Research firm Santiment said in its market update that whale activity picked up after Bitcoin rallied near $112,000. Sometimes, such an increase in whale activity near market tops signals profit-taking. Analyst AlphaBTC said in a post on X that Bitcoin may have started a deeper correction, which could last till the second week of June. Trader Titan of Crypto said in a post on X that Bitcoin could decline to $97,000, and if that level also cracks, the next stop could be at $90,000. Crypto market data daily view. Source: Coin360 Although the near-term picture remains uncertain, long-term Bitcoin bulls continue to buy. Michael Saylor’s Strategy, the world’s largest corporate holder of Bitcoin, announced the purchase of 705 Bitcoin for an average price of $106,495 per coin between May 26 and 30. Similarly, Japanese investment company Metaplanet said in a post on X that it acquired 1,008 Bitcoin for an average price of $108,400. What are the critical support levels to watch out for in Bitcoin and altcoins? Let’s analyze the charts of the top 10 cryptocurrencies to find out. S&P 500 Index price prediction The S&P 500 Index (SPX) dropped near the 20-day exponential moving average ($5,817) on May 30, but the long tail on the candlestick shows buying at lower levels. SPX daily chart. Source: Cointelegraph/TradingView The bulls will try to resume the up move by pushing the price above 5,970. If they can pull it off, the index could start its northward march toward…
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