Bitcoin Weekly Outlook: Crucial Support Promises $60,000-Breakout
Bitcoin shrugged off a significant week prior as the Federal Reserve, Bank of England, and Bank of Japan declared their interest rate decisions and monetary policy guidance.
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Ripple is holding the key $0.2380 support zone against the US Dollar. XRP price must climb above $0.2450 to increase the chances of an upside break above $0.2550. Ripple is likely forming a crucial breakout pattern with support near $0.2380 against the US dollar. The price is now trading near the $0.2420 pivot level and […]
The price of Cosmos (ATOM) could be set for a wild rally with a potential breakout against Tether (USDT) ahead of summer relief for altcoins. Ethereum price saw a relief bounce from $1,600 to $1,800 ahead of merge sentiments leading to other altcoins like Cosmos breaking out in price. (Data feeds from Binance) Related Reading: TA- Ethereum Price struggles To Breakout – Eyes $2,000 Price Analysis Of ATOM On The Weekly Chart From the chart, the price of ATOM saw a weekly low of around $6.5, which bounced from that range and rallied to $11.3. The price has built more momentum as it faces....
Bitcoin fell wildly last week as the US dollar capitalized on rising Treasury bond yields.
Key Bitcoin Takeaways Bitcoin flirts with $60,000 for a breakout move. The cryptocurrency is trending inside a classically bullish ‘Ascending Triangle’ pattern. Coinbase’s listing on Nasdaq, US inflation data update this week promises further upside. Bitcoin has endured significant selling pressure over the last few trading sessions as it attempts to close above $60,000. The flagship cryptocurrency trades $1,500 lower from its previous all-time high level, near $61,778 (data from Coinbase). Despite positive fundamentals, led […]
XRP has managed to break past the $3 mark in the past 24 hours, and this has given readers a glimpse of bullish momentum. However, this breakout is not yet confirmed, as the XRP price is yet to make a weekly close above this price level. The cryptocurrency is still trading within a descending channel on the weekly timeframe, and in this context, an interesting technical analysisof crypto outlines a bearish scenario of what could happen if XRP loses its current structure. Analyst Warns Of Bearish Breakdown To $1.9 There have been different bullish predictions and technical analyses for....