Price analysis 6/27: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, SHIB, AVAX
Bitcoin and altcoins are facing profit-booking after the recent relief rally, but charts suggest that a revisit to recent swing lows could be in store.
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Bitcoin and altcoins are facing profit-booking after the recent relief rally, but charts suggest that a revisit to recent swing lows could be in store.
A handful of on-chain metrics suggest that Bitcoin could be close to bottoming, and if true, the eventual relief rally could induce sharp gains from altcoins.
XRP rose by nearly 15% during today’s session, climbing to its highest point in over a week in the process. This rise in momentum within the crypto market also saw…
Macro risks and a long-term bearish setup continue to spoil XRP's bullish prospects.
“The SEC [decided] to do regulation through enforcement, which is not efficient and really I think has stifled innovation in the United States," said Brad Garlinghouse.
BTC and select altcoins attempted a reversal, but are facing heavy selling at higher levels, which is proof that bears remain in control of the wider market.
Bitcoin and select altcoins attempted a relief rally, but most breakouts are being capped-off well below the 20-day moving average.
Bitcoin price struggles to hold support at $20,000, and the outcome of this battle between bulls and bears will determine the next directional move.
XRP's bearish outlook is driven by a mix of technical and fundamental factors that could see price drop to $0.18 next.
BTC and select altcoins notched small gains after the Federal Reserve rolled out a 75 basis point rate hike, but technical analysis suggests that further downside is the most realistic…