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Vladislav Hryniv
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👀 According to Coingape: $BTC Price Analysis Bitcoin has shown a bullish trend in the weekly crypto price analysis, consistently finding strong support above the $60,000 mark. This solid foundation sets the stage for an anticipated upward movement toward a $70,000 resistance level. Currently, the live price of Bitcoin (BTC) is $65,666.89 after a slight correction from the $66,700 resistance level. Today, cryptocurrency’s 24-hour trading volume stands at $23.8 billion. The coin has declined by 0.7% in the past 24 hours, trading between $65,842.40 and $65,179.62. Bitcoin’s live market cap is $1.2 trillion, with open interest at -1.81%, valuing $17.3 billion. Technical indicators further reinforce the optimistic outlook for the BTC/USD pair, with a majority signaling a buy. The Relative Strength Index (RSI) demonstrates above-average readings currently at the 62.04 level, showing potential buying pressure within the market. Additionally, the Moving Averages Convergence Divergence (MACD) indicator has experienced a bearish crossover in the past week, suggesting the potential onset of a new bear market phase. The 20-SMA and 50-SMA however show a bullish trend, with the 20-SMA providing sturdy support for Bitcoin’s price.

👀 According to Coingape: $BTC Price Analysis

Bitcoin has shown a bullish trend in the weekly crypto price analysis, consistently finding strong support above the $60,000 mark. This solid foundation sets the stage for an anticipated upward movement toward a $70,000 resistance level. Currently, the live price of Bitcoin (BTC) is $65,666.89 after a slight correction from the $66,700 resistance level.

Today, cryptocurrency’s 24-hour trading volume stands at $23.8 billion. The coin has declined by 0.7% in the past 24 hours, trading between $65,842.40 and $65,179.62. Bitcoin’s live market cap is $1.2 trillion, with open interest at -1.81%, valuing $17.3 billion.

Technical indicators further reinforce the optimistic outlook for the BTC/USD pair, with a majority signaling a buy. The Relative Strength Index (RSI) demonstrates above-average readings currently at the 62.04 level, showing potential buying pressure within the market.

Additionally, the Moving Averages Convergence Divergence (MACD) indicator has experienced a bearish crossover in the past week, suggesting the potential onset of a new bear market phase. The 20-SMA and 50-SMA however show a bullish trend, with the 20-SMA providing sturdy support for Bitcoin’s price.

Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.
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đŸ’„ According to BeinCrypto: $MATIC Price Prediction At the time of writing, the MATIC price is observing a recovery, which will likely be fueled by Polygon investors themselves. This is because MATIC as an asset is undervalued, and in the macro timeframe, it is still a good bet.  The Market Value to Realized Value (MVRV) Ratio further substantiates this. The MVRV ratio assesses investor gains or losses, and Polygon’s 90-day MVRV hitting 10% indicates losses. This might possibly lead to accumulation. Historically, BTC tends to recover within the -14% and -31% MVRV range, labeling it an opportunity zone for accumulation. Secondly, the broader market cues are also bullish, as is evident in the Moving Average Convergence Divergence (MACD). MACD is a momentum indicator that utilizes the difference between two exponential moving averages to signal potential buy and sell opportunities in financial markets. MATIC price trading at $0.68 is above the critical support of $0.64, and based on the above-mentioned factors, a recovery is likely. However, this recovery might be halted by the resistance at $0.75. This price level has acted as the limit to MATIC’s rise for over a month. The support of $0.64, along with this resistance, has formed a consolidation zone, and the Polygon native token will likely remain within this zone. However, if MATIC’s price falls back down, it could potentially slip through the support zone. This would send the altcoin to $0.60, invalidating the bullish thesis.
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🚀 According to AMBCrypto: $SOL Prepares For More At press time, SOL was valued at $163.28, logging a 13% price rally over the last 24 hours. Its key technical indicators assessed on a 1-day chart confirmed the possibility that the altcoin may sustain this rally in the short term. First of all, signaling a hike in buying pressure, SOL’s Relative Strength Index (RSI) was on an uptrend with a reading of 59.20 at press time. Also, its Money Flow Index (MFI) was 55.29. The values of these indicators confirmed SOL traders’ preference for accumulation over selling off their holdings for profit. Furthermore, the coin’s Awesome Oscillator posted green upward-facing bars, confirming the bullish trend at press time.  This indicator measures an asset’s market momentum and identifies potential trend reversals in its price. Green upward-facing bars, often seen after a period of consolidation or a pullback, indicate that the buyers are taking control of the market and that the asset’s price rally might continue.  The coin’s Elder-Ray Index was also positive, lending credence to the aforementioned position. At press time, it had a reading of 23.59, showing that bull power was dominant in SOL’s market. Highlighting the growth in the bullish trend since the crossover, SOL’s weighted sentiment turned positive for the first time since 4 April too. In fact, according to Santiment’s data, the coin’s weighted sentiment was 0.263 at the time of writing.
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đŸ”„ According to Coingape: $SHIB Price Prediction Coming in tandem with the broader market’s tumbled price movement, SHIB’s price has slipped 2.60% in the past 24 hours and is currently trading at: - $0,00002485 on KuCoin exchange; - $0,00002483 on WhiteBIT exchange; - $0,00002483 on OKX exchange; The token’s bearish movement today primarily falls in line with the massive amount of SHIB offloaded, as mentioned above. Coinglass data revealed a 4.89% fall in SHIB’s open interest, reaching $73.43 million, followed by a derivatives volume decrease of 44.25% to $178.04 million. This data added to the bearish sentiments surrounding SHIB, flagging reduced market activity and investor interest. Nonetheless, the RSI continued to move around 51, hinting that the asset is neither overbought nor oversold. Concerning this, if the selling pressure continues to rise, Shiba Inu could witness a waning price trajectory ahead. Conversely, long-term prospects may shine with bullishness if bulls take control of the meme coin, accompanied by the community’s continued token-burning chronicles. Additionally, it’s also worth noting that the meme coin’s community revealed a stockpile of upgrades in recent days, aiming to boost SHIB’s tokenomics. Altogether, recent data and developments suggest that although the token may witness short-term volatility, its future glimmers with optimism.
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