#BTC (four-hour chart).
The price movement is developing according to the scenario described in the latest reviews.
We saw the descent of Bitcoin into the POC area, which naturally led to increased purchases of the instrument.
The four-hour candle closed with a long lower shadow, while the price rebound was accompanied by an increase in trading activity.
The Balance Volume line overcame dynamic resistance in the form of an exponential moving average EMA 50.
All this indicates an increase in the interest of buyers.
In the near future, we expect that Bitcoin will storm the lower boundary of the consolidation zone of $29,500 — $31,000.
We think that this time we will also see the consolidation of the asset over this zone, which will seriously strengthen the position of the bulls.
With this development, Bitcoin will have a chance to reach the closing mark of the month of June — $30,350.
The next intermediate target of the local uptrend will be the upper limit of the ascending channel indicated on the chart in the area of $30,650.
#ETH. The asset went down to the trading level of $1,830, where the instrument rebounded, the nearest resistance level is located at $ 1,860, its overcoming will be the key to updating the current monthly maximum.
The capitalization of the cryptocurrency market has grown by 0.2% over the past 24 hours, the dominance of Bitcoin has added 0.15%.
According to the CoinGlass platform, the #BTC price reaching the trading levels of $29,700 and $30,000 will provoke large liquidations of short positions on futures.
We believe that in the near future we will see a short-squeeze.
The price movement is developing according to the scenario described in the latest reviews.
We saw the descent of Bitcoin into the POC area, which naturally led to increased purchases of the instrument.
The four-hour candle closed with a long lower shadow, while the price rebound was accompanied by an increase in trading activity.
The Balance Volume line overcame dynamic resistance in the form of an exponential moving average EMA 50.
All this indicates an increase in the interest of buyers.
In the near future, we expect that Bitcoin will storm the lower boundary of the consolidation zone of $29,500 — $31,000.
We think that this time we will also see the consolidation of the asset over this zone, which will seriously strengthen the position of the bulls.
With this development, Bitcoin will have a chance to reach the closing mark of the month of June — $30,350.
The next intermediate target of the local uptrend will be the upper limit of the ascending channel indicated on the chart in the area of $30,650.
#ETH. The asset went down to the trading level of $1,830, where the instrument rebounded, the nearest resistance level is located at $ 1,860, its overcoming will be the key to updating the current monthly maximum.
The capitalization of the cryptocurrency market has grown by 0.2% over the past 24 hours, the dominance of Bitcoin has added 0.15%.
According to the CoinGlass platform, the #BTC price reaching the trading levels of $29,700 and $30,000 will provoke large liquidations of short positions on futures.
We believe that in the near future we will see a short-squeeze.
#BTC/USDT ANALYSIS
Bitcoin is consolidating within the ascending broadening wedge pattern and currently trading above the support trendline.
The Ichimoku Cloud is acting as a strong support, indicating bullish strength. A bounce from this level is likely, while a breakdown below the wedge would signal a potential downward move.
Bitcoin is consolidating within the ascending broadening wedge pattern and currently trading above the support trendline.
The Ichimoku Cloud is acting as a strong support, indicating bullish strength. A bounce from this level is likely, while a breakdown below the wedge would signal a potential downward move.
#BTC/USDT ANALYSIS
Bitcoin is consolidating within the broadening wedge pattern, currently trading below the Ichimoku Cloud, which is acting as a strong resistance barrier above the price action.
A breakout above both the cloud and the pattern will confirm a bullish rally in the market. However, a breakdown below the support trendline could lead to another correction in the market.
Bitcoin is consolidating within the broadening wedge pattern, currently trading below the Ichimoku Cloud, which is acting as a strong resistance barrier above the price action.
A breakout above both the cloud and the pattern will confirm a bullish rally in the market. However, a breakdown below the support trendline could lead to another correction in the market.
#BTC/USDT ANALYSIS
Bitcoin has strongly rebounded from the support trendline of the ascending triangle pattern and is currently attempting to break the horizontal supply zone.
The Ichimoku cloud is showing bullish strength, supporting upward momentum. A solid breakout of the pattern will confirm a bullish trend, while rejection from this level could lead to a short-term pullback.
Bitcoin has strongly rebounded from the support trendline of the ascending triangle pattern and is currently attempting to break the horizontal supply zone.
The Ichimoku cloud is showing bullish strength, supporting upward momentum. A solid breakout of the pattern will confirm a bullish trend, while rejection from this level could lead to a short-term pullback.
#BTC/USDT ANALYSIS
Bitcoin is facing rejection from the Ichimoku Cloud and has also broken down below the 100MA, which is now acting as a resistance barrier. Currently, it is trading above the 200MA, serving as strong support.
A rebound from the 200MA followed by a breakout above the 100MA and the Cloud will confirm upward movement. However, a breakdown below the 200MA could trigger further downside in the market.
Bitcoin is facing rejection from the Ichimoku Cloud and has also broken down below the 100MA, which is now acting as a resistance barrier. Currently, it is trading above the 200MA, serving as strong support.
A rebound from the 200MA followed by a breakout above the 100MA and the Cloud will confirm upward movement. However, a breakdown below the 200MA could trigger further downside in the market.
#BTC/USDT ANALYSIS
Bitcoin is consolidating within the descending triangle pattern and currently rebounding from the horizontal demand zone. The Ichimoku Cloud is acting as a resistance barrier above the price action.
A solid breakout of the cloud and the pattern will confirm a bullish trend, while a breakdown below the demand zone will indicate further downward movement.
Bitcoin is consolidating within the descending triangle pattern and currently rebounding from the horizontal demand zone. The Ichimoku Cloud is acting as a resistance barrier above the price action.
A solid breakout of the cloud and the pattern will confirm a bullish trend, while a breakdown below the demand zone will indicate further downward movement.
#BTC/USDT ANALYSIS
Bitcoin has broken down from the rising wedge pattern and is currently rebounding from the lower boundary of the Ichimoku Cloud, which is acting as support.
If it continues to hold this level, we can expect upward movement. However, a breakdown of the cloud would open the door for further correction in the market.
Bitcoin has broken down from the rising wedge pattern and is currently rebounding from the lower boundary of the Ichimoku Cloud, which is acting as support.
If it continues to hold this level, we can expect upward movement. However, a breakdown of the cloud would open the door for further correction in the market.
#BTC/USDT ANALYSIS
Bitcoin is rebounding strongly from the horizontal demand zone and is currently trading above the 100MA, which is acting as solid support. Continued strength above the 100MA could lead to further upward momentum.
Bitcoin is rebounding strongly from the horizontal demand zone and is currently trading above the 100MA, which is acting as solid support. Continued strength above the 100MA could lead to further upward momentum.
#BTC/USDT ANALYSIS
After breaking out of the broadening wedge pattern, the price has now broken above the horizontal supply zone, which is acting as support. A successful retest of this breakout level could trigger a bullish rally in the market.
After breaking out of the broadening wedge pattern, the price has now broken above the horizontal supply zone, which is acting as support. A successful retest of this breakout level could trigger a bullish rally in the market.
#BTC/USDT ANALYSIS
Bitcoin is strongly consolidating within a symmetrical triangle pattern and is currently holding above the support trendline. A decisive breakout or breakdown is needed to confirm the next directional move.
Bitcoin is strongly consolidating within a symmetrical triangle pattern and is currently holding above the support trendline. A decisive breakout or breakdown is needed to confirm the next directional move.
#BTC/USDT ANALYSIS
Bitcoin is consolidating within a symmetrical triangle pattern and is currently facing rejection from the resistance trendline.
The 50MA is also acting as a resistance barrier above the current price action. A solid breakout or breakdown is required to confirm the next directional move.
Bitcoin is consolidating within a symmetrical triangle pattern and is currently facing rejection from the resistance trendline.
The 50MA is also acting as a resistance barrier above the current price action. A solid breakout or breakdown is required to confirm the next directional move.