
Bitcoin (BTC) Falling and Edging Closer To $30k, Is The Uptrend Over?
Bitcoin is volatile when writing and under pressure. Even though bulls are optimistic, losses below $30k cancels the this bullish outlook.
Crypto Economy section, we will publish every week the technical price analysis of Bitcoin [BTC], Ethereum [ETH], Ripple [XRP] and other cryptocurrencies.
These analyzes are prepared by our specialists based on the evolution of the markets.
A technical price analysis provides excellent and useful information that can help us know when is the best time to make movements in our investments or when it is not a good time to operate.
But we must not only take this information into account, the monitoring of the prices of a cryptocurrency must be accompanied by an investigation into the latest news related to it.
So we can get an idea about whether the price increase or decrease has occurred due to an event related to the project or if it could be a market manipulation, etc.
Bitcoin is volatile when writing and under pressure. Even though bulls are optimistic, losses below $30k cancels the this bullish outlook.
Ethereum buyers remain in control despite the recent contraction. ETH is up roughly 20% from June lows, finding resistance at $2,000.
Solana prices are up 50% from June 2023 lows and firm when writing as bulls target $22. This is despite regulatory headwinds from the SEC.
Bitcoin is up 25% from June 2023 lows and could print higher if there is a conclusive close above $31.3k. Improving crypto legislation could drive growth.
Ethereum is bullish, adding 14% from June 2023 lows but have failed to close above $2,000 despite validators staking billions of ETH.
Litecoin prices are up roughly 20% from June 2023 lows and could soar above $100 at the back of supportive fundamentals
Bitcoin is up 20% in the past week of trading and is in a bullish formation. Analysts say the BlackRock BTC ETF application sparked demand.
Ethereum price is up 12% from June 2023 lows and looks likely to edge even higher today. ETH bulls have their targets on $1,920 and $2,100.
BNB prices are down 30% from April highs and remains within a bearish formation below $260.
Bitcoin prices are firm when writing but remains in a bearish formation following stiff losses on June 14. BTC is bearish below $26k.
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