Dalmas Ngetich - Crypto Economy

Bitcoin (BTC) Craters as Trend Shifts Bearish, Selloff Linked To Silvergate

Bitcoin is down at spot rates and may post even more losses in the near term as the trend shifts to bearish.

Ethereum remains in an uptrend. However, ETH prices have been consolidating in recent days with support at $1.55k.

Lido Finance is solid at writing. LDO bulls might push prices above $3.3, extending their gains after surging 2.5X from December 2022.

Bitcoin is bullish from a top-down preview. However, bears are flowing back and BTC may slip below $23.5k if sellers press on.

Ethereum prices are down six percent from this week’s high but the general trend remains bullish. Resistance lies at $1.7k.

Cardano prices might be in consolidation but ADA is up 16% from February lows with resistance clear at $0.42.

Bitcoin is in a bullish breakout formation, printing higher as BTC shake off bears. The coin may rally to $28.5k in a continuation pattern.

Ethereum is up roughly four percent when writing but ETH is technically within a bear formation following last week’s losses.

Uniswap remains bearish at below $7 despite the governance vote to deploy the DEX on the BNB Smart Chain (BSC).

The Bitcoin rally appears to be over after losses below the bull flag. BTC may likely retrace and retest $20k in the near term.