While Bitcoin was moving steadily and most Altcoins were falling, on June 12, Lina had a strong breakout. At the time of writing, the price of LINA/USDT is hovering at over $0.0142 up 16% on June 12.

Based on the Ichimoku cloud indicator, it can be seen that the future Kumo cloud is narrowing, the Senkou Span A is pointing up and tends to surpass the Senkou Span B. Hope for a strong rally.

The image above shows the RSI and the Stoch RSI, there is an oversold situation, the sellers are getting weaker, the RSI (50) and the Stoch RSI (14) have moved upwards, reinforcing the bullish potential for LINA.

Today, if LINA/USDT breaks above the overhead closing resistance at 0.14530, it is likely that LINA will head towards the 0.0157 resistance and beyond possibly the 0.022 resistance.

Conversely, if the market is influenced by the market and the bears take control, it is likely that LINA price will retest the support at $0.0128.

**This is a personal opinion, be careful when making your decision

Currently, Bitcoin is being traded at $30,320. Last week Bitcoin had outstanding growth and started a new week in a solid position over $30,000.

Bitcoin protects the $ 30,000 level when closing the store every week. Despite the lack of motivation, the buyer can still protect the $ 30,000 landmark.

In total, BTC/USD gained 15.6% last week, making it its third-best weekly performance of 2023, according to data from monitoring resource CoinGlass.

This week is all about flipping that resistance zone / supply zone at $31,000 into support.

The chart shows that Bitcoin has escaped the trend of discounts, but it is still likely to take a fake break out, so be careful.

The market is being expected much on the price increase of BTC next week and as in the next month. The possibility that in the coming time BTC will have a strong growth to determine the next ATH level of the cycle.

Difficult to exploit difficulties due to decline despite the increase in BTC price

In an interesting thing, if it is likely to be temporary, contrast to the BTC price power, the basic principles of the Bitcoin network are cooling themselves. According to the latest estimate from BTC.com, Bitcoin Network Diffium This will mark the first downward adjustment since the beginning of May, but is forecast to be the second largest long distance in 2023 at about -2.5%.

The ratio of Bitcoin Rhodl pointed to "new breakthrough"

Bitcoin is at the dawn of "New speculation cycle" In his latest research on the data of Bitcoin, Rhodl, the founder of the lookboxtobitcoin argue that the source of BTC is processed from Hodler-Bas-Bas based on a speculative tool.

Despite the complicated paper, Rhodl ratio acts as a useful tool for Bitcoin price cycles and is currently repeating the expected classical behavior at the beginning of BULLS.

While the assets of long hodlers at the end of 2022, opportunities traders are currently entering again, the data shows that the transition to the main trading benefit is wider.

The level of user care The Fear & Greed

Crypto index, which means that the market mood component has been considered in recent days when BTC/USD has tried to create a new support. After a height of 65/100 on June 22, this index has decreased by 10 points, tending to the territory "neutral" when the spot price motivation cooled down.

This index is a late index, but it shows how sensitive to the market is for price action, and not only BTC, with ETH Alo, try to flip $ 2,000 to support. Based on emotional data, popular traders have warned against the desire until the clearer signals are given.

In the past 24 hours, 16.039 traders were liquidated , the total liquidations comes in at $33.88 million.

The largest single liquidation order happened on Bybit - BTCUSDT value $530.62K.

Top 5 liquidated:

BTC liquidated $7.72M

ETH liquidated $6.17M

SUI liquidated $1.70M

DOGE liquidated $1.46M

APT liquidated $1.39M

Top 5 long position is liquidated:

BTC liquidated $4.90M

ETH liquidated $4.11M

XRP liquidated $208.13K

BNB liquidated $203.56K

LTC liquidated $325.63K

According to cointelegraph: on June 17, the capitalization of the crypto market increased by more than 2% to $1.05 trillion, up almost 7.5% from the $975.25 billion low seen two years ago. hours ago.

Bitcoin surged to $26,452, which now accounts for almost 50% of the crypto market, having recovered 8.5% from its June 15 low of $24,750. Meanwhile, the largest cryptocurrency Ether is sitting at $1,725, up more than 9% over the past two days. Last week's worst performers, Solana tokens with $16, Cardano tokens with $0.266 and Polygon tokens rose to $0.6073, also recovering 8-15% over the same period.

Interestingly, the crypto market cap started to recover a day after its daily relative strength index (RSI) dropped near 30, indicating it is almost "oversold". From a technical perspective, the oversold RSI should prompt a price recovery or consolidation, as illustrated below.

Blackrock Bitcoin ETF Rumors

In addition to the technical recovery, the growing speculation surrounding the approval of the first Bitcoin ETF in the United States has helped the crypto market to recover. Notably, BlackRock, an investment firm that manages $9.5 trillion in assets, filed an application with the U.S. Securities and Exchange Commission (SEC) for a Bitcoin ETF on the 16th. July. In its history, the company has applied for 576 ETFs and has only been rejected once.

Crypto market outlook for H2 2023

From a technical perspective, the crypto market has been oscillating inside a bullish flag pattern since April 2023, which raises the prospect of a continuation of the rally.

This is a personal opinion, be careful when you make your decision

In the past 24 hours , 19.187 traders were liquidated , the total liquidations comes in at $57.56 million.

The largest single liquidation order happened on Bitmex - XBTUSD value $2.15M.

Top 5 liquidated:

BTC liquidated $14.74M

ETH liquidated $11.69M

APT liquidated $2.03M

SUI liquidated $2.03M

SOL liquidated $2.02M

Top 5 long position is liquidated:

BTC liquidated $3.90M

ETH liquidated $3.05M

XRP liquidated $301.52K

BNB liquidated $198.68K

LTC liquidated $214.12K

Solana (SOL)

Solana (SOL) raced to a one-week high on Saturday, as crypto prices rallied following a recent spell of downward sentiment.

After falling to a low of $14.47 during yesterday’s session, SOL/USD bounced to a peak of $16.07 to start the weekend.

The move came as the token continued to distance itself from a recent support point at the $14.00 mark.

From the chart, it seems that the latest rise in price has pushed the relative strength index (RSI) to a resistance zone at 36.00.

This has led to earlier bulls abandoning their positions, leading to the index now tracking at 35.77.

In the event this hurdle is overcome, there is a good chance that SOL will move towards $17.00.

Polygon (MATIC)

Additionally, polygon (MATIC) also made sizeable gains on Saturday, climbing by as much as 6% today.

MATIC/USD jumped to an intraday high of $0.6302 to start the weekend, a day after falling to a low of $0.5624.

As a result of the surge, polygon once again rose past a floor at $0.5760 and seems set to collide with a ceiling at $0.6700.

Despite today’s gains, MATIC still remains oversold, with price strength tracking at the 29.12 level.

This is however a positive for bulls, as there is still substantial upside to entering at this current level.

There is still a degree of uncertainty also, as a resistance point at 31.00 will likely test the strength of buyers.

**This is a personal opinion, be careful when you decide to invest.

According to cryptonews: the price of Bitcoin has undergone a significant recovery, seeing a notable rise of over $1.800 from the critical support of $25.000.

This uptrend has sparked speculation about the sudden action of influential market participants known as “whales” who may be taking advantage of the price drop to accumulate Bitcoin.

Over $1.2 Million Worth of BTC Transferred After 13 Years of Inactivity

In a significant development, over $1.2 million worth of Bitcoins that had been dormant for over 13 years were suddenly moved. According to blockchain data, a whale moved 50 BTC to another wallet on Thursday.

Just days later, another long-term investor or investors moved $11 million worth of the digital asset after 11 years of inactivity.

These movements of long-dormant Bitcoin raise questions about the motives behind the transfers. 

Moreover, an increased interest and trading activity resulting from these movements can influence the dynamics of supply and demand, potentially impacting the overall price of Bitcoin in the short term.

Bitcoin Price Prediction 

Bitcoin is gaining bullish momentum after breaking through the $26.800 level. Technically, if we observe the four hour time frame, Bitcoin has broken through the significant resistance of $26.000. A close above the $26.200 level shows that bull market sentiment is dominating.

Furthermore, Bitcoin hit a high around $26.800 and experienced a minor downside correction, finding support at the previously tested resistance of $26.250, which is currently acting as a Support level. So, BTC is likely to continue its uptrend, targeting the next resistance at $27.100 and maybe more.

**This is a personal opinion, be careful when you decide to invest.

As analyzed on June 16, LINA continued to move sideways, the price ranged from $0.0131 - $0.0139. As of June 17th, at the time of writing LINA's price fluctuated over $0.0139, LINA has increased by more than 3% in price..

Meanwhile, Bitcoin has seen a price increase to over $26,500.

This is due to the fact that LINA had a growth of more than 36% on June 12 and 23% on June 11, while BITCOIN declined. Therefore, LINA needs an adjustment to be able to create a new ATH in 2023.

According to the chart, LINA is about to complete a bearish wave pattern and the RSI, Stoch RSI 4 o'clock are still in the support range for the uptrend (49 and 42 respectively). That shows that, there is a high probability that LINA will break the downtrend and reverse to the upside.

According to the fluctuating price and resistance of LINA in recent months, spot buy $0.014 is also considered safe, there are many strong price supports in this area, suitable for you to make LINA investment decisions.

Another reason is that, LINA has a strong growth rate in the last few months of 2023.

**This is a personal opinion, be careful when making your decision

After Bitcoin was seeing an uphill battle between buyers and sellers near the $25.000 mark, today – June 17th, Bitcoin surged to the $26.304 mark at press time.

Can Bitcoin and altcoins start to recover from current levels?

Bitcoin price analysis

Bitcoin plunged below the crucial support at $25.250 on June 14, indicating aggressive selling by the bears.

Although the bulls managed to push the price back above $25.250 on June 15, they will have to overcome the obstacle at the 20-day exponential moving average (EMA) at $26,320 to initiate the recovery.

On June 17, BTC price broke through the $26.300 resistance level. Looking further ahead, the BTC/USDT pair might attempt to rally to the 50-day simple moving average (SMA) of $27.210 and possibly further.

Ether price analysis

Ether sled below $1.700 on June 14, suggesting that the failure of the bears to initiate a strong recovery may have intensified selling. By June 17th, ETH had recovered $1.715.

Currently, ETH has rallied above $1.700, which should indicate stronger demand at the next resistance levels. In the future, the pair can rally to the 20-day EMA ($1.779), where the bears will attempt to halt the rally. Further down, ETH has the prospect of breaking through $1.928 and then $2.000.

BNB price analysis

BNB's $237 pullback has disappeared at the 38,2% Fibonacci retracement level of $252,50 on June 14, showing that bears continue to sell in minor rallies.

By June 17, BNB had risen to $232. Next, the pair can fluctuate between $252 and $220 for some time. If buyers push the price above $252, the pair can rally to $265, where the bears are once again expected to make a strong defense.

In the past 24 hours , 21.802 traders were liquidated , the total liquidations comes in at $59.36 million.

The largest single liquidation order happened on OKX - ETH-USDT-SWAP value $743.85K.

Top 5 liquidated

BTC liquidated $19.36M

ETH liquidated $12.16M

MATIC liquidated $2.30M

XRP liquidated $2.01M

SUI liquidated $1.82M

Top 5 liquidated long positions

BTC liquidated $4.42M

ETH liquidated $3.78M

XRP liquidated $1.42M

BNB liquidated $575.80K

LTC liquidated $139.47K

As analyzed on June 12, if you have decided to invest on 12/6 then you can get more than 20% profit.

While Bitcoin saw a price recovery of more than $25500 after the sharp drop on June 15, it broke the strong support of $25200. Meanwhile, Lina fell on June 15, slowing down Lina's rise. At the time of writing, the price of LINA/USDT is hovering above $0.01355.

In big time frames, RSI and Stoch RSI has corrected, for example 4H frame, RSI and Stoch RSI is oversold and shows signs of going up. The image above shows the RSI and the Stoch RSI, there is an oversold situation, the sellers are getting weaker, the RSI (46) and the Stoch RSI (30) have moved upwards, reinforcing the bullish potential for LINA.

The weekly and monthly candles of LINA are still green candles. If the market is stable, LINA has a high probability of increasing the price again.

Today, if LINA/USDT breaks above the overhead closing resistance at $0.01438, it is likely that LINA will head towards the $0.0157 resistance and beyond possibly the $0.022 resistance.

Conversely, if the market is influenced by the market and the bears take control, it is likely that LINA price will retest the support at $0.0128.

Sumary:

LINA's lowest price in recent days is $0.013140. It can be seen that the appropriate buy point for LINA is $0.0131 - $0.0139 - This is a safe buy zone.

**This is a personal opinion, be careful when making your decision

APE

Time unlock:

Start at 17 Jun 2023 07:00:00

15.601.326 APE $32.294.745

1,56% of total supply

SWEAT

Time unlock:

Start at 17 Jun 2023 07:00:00

3.058.048 SWEAT $13.529 per Day

IMX

Time unlock:

Start at 17 Jun 2023 7:00:00

18.075.990,72 IMX $11.011.008

0,904% of total supply

OSMO

Time unlock:

Start at 19 Jun 2023 07:00:00

364.298,72 OSMO $167.081 per Day

1INCH

Time unlock:

Start at 20 Jun 2023 15:00:00

15.000 1INCH $3.924

0,001% of total supply

In the past 24 hours , 24.058 traders were liquidated , the total liquidations comes in at $65.10 million

The largest single liquidation order happened on Bybit - BTCUSDT value $2.02M.

Top 5 liquidated

BTC liquidated $25.09M

ETH liquidated $12.11M

MATIC liquidated $2.42M

XRP liquidated $1.88M

SOL liquidated $1.85M

Top 5 liquidated long positions

BTC liquidated $8.91M

ETH liquidated $5.22M

XRP liquidated $1.21M

BNB liquidated $750.52K

LTC liquidated $226.85K

According to Beincrypto: Bitcoin (BTC) just recorded a weekly close below $26,500. This means that the price will continue to move below the 200 WMA which acts as a strong resistance.

Bitcoin Still In A Bull Structure But Prepare For Panic

BTC’s June drop is not necessarily pessimistic, BTC is still in the bullish structure of the weekly Super Trend (1W) indicator.

The first DeathCross signal in the weekly chart history is still there and should continue to be watched. Closing the weekly candle below WMA200 as above will make BTC price tend to approach WMA50 in the near future. Specifically, this dynamic WMA50 price is currently in the $23,000 zone.

The Super Trend signal is a rare positive signal on a large time frame for BTC. The green color of Super Trend whether to win DeathCross or not is still a difficult question. However, investors need to prepare for the possibility that BTC may panic sell to the area of ​​21,800 USD according to the strong support of Super Trend.

As such, BTC is approaching new buying opportunities for both the short and long term.

Bitcoin Dominance has broken through key resistance

Bitcoin Dominance has broken through a key resistance that will be a signal that market confidence is pouring into BTC.

The BTC.D range between 57% and 49% is a special range. In 2021, when the new uptrend kicked in, BTC.D plummeted from 57% to less than 49% quickly. Now BTC.D has just broken the resistance of 49% and is showing signs of returning to this range.

If in 2021, the range of 49% - 57% is a measure of the positive sentiment of the majority to mark the outbreak of an uptrend, then it is likely that a negative sentiment of the same amplitude will occur to end of a downtrend. But the price for that is that many Altcoins will make new lows.

If BTC.D rises now, it also shows that it is difficult for BTC prices to fall deeply because it has become a haven for many fearful investors.

Is there a chance for a surprise Pump this week?

There are a few reasons that this scenario can still happen in the current pessimistic context, specifically as follows:

The past shows that, in the context of BTC price pessimism below $ 20,000 in mid-March, BTC can still launch a new upward momentum.

First, BTC's daily price line is creating a falling wedge technical pattern. This is a price pattern that predicts strong upward momentum as the price moves closer to the end of the pattern. And over the past weeks, BTC has continuously tested the support line of this pattern successfully.

Second, this week is the week that the new CPI and interest rates will be announced by the Fed. If the Fed stops raising interest rates, it can be a "trigger" for cash flow to return unexpectedly. Meanwhile, survey results show that more than 70% support the scenario that the Fed stops raising interest rates.

If combined with BTC.D analysis, then even if BTC has a sudden strong pump, it is still difficult for Altcoins to regain what was lost. In the downtrend, Bitcoin has always shown the role of preserving the portfolio.

In the past 24 hours , 29.341 traders were liquidated , the total liquidations comes in at $62.47 million

The largest single liquidation order happened on OKX - BTC-USDT-SWAP value $369.71K.

Top 5 liquidated:

BTC liquidated $13.00M

ETH liquidated $10.74M

BNB liquidated $3.71M

XRP liquidated $2.69M

SOL liquidated $2.40M

Top 5 long positions liquidated

BTC liquidated $6.35M

ETH liquidated $5.61M

XRP liquidated $836.37K

4BNB liquidated $1.66M

LTC liquidated $1.18M

According to Beincrypto: The price of Polygon (MATIC) has been in “freefall” after the US Securities and Exchange Commission (SEC) listed the token on a list of more than 10 cryptocurrencies identified as securities. The MATIC price plunged 15% as the recent SEC lawsuit against Binance spread negative sentiment across the market. After the first sell-off on Monday, panicking investors are now withdrawing their tokens from various DeFi smart contracts.

Investors are withdrawing tokens from smart contracts

After testing the $0.9 mark last week, the price of Polygon (MATIC) has been in the red since Monday. However, selling pressure may increase in the coming days.

An in-depth analysis of underlying on-chain data on Polygon reveals that the investors involved have been canceling their MATIC token staking at an unprecedented rate.

From May 29 to June 8, MATIC supply in smart contracts decreased from 64.9% to 63.7%. This means that 111.5 million MATIC tokens (1.2% of the total circulating supply) have been de-staking in the past week.

Data from Smart Contract Supply tracks the percentage of the total circulating supply of the cryptocurrency that holders have locked across various DeFi protocols. When investors cancel staking a large number of tokens in a short time, it can cause a spike in the volume of tokens available for trading on exchanges.

At the current price of $0.78, the recently de-staking tokens are worth around $87 million. If a significant percentage of these tokens are pumped into the market, MATIC holders could face an even more intense drop in the coming days.

Long-term holders are slowly losing faith

Furthermore, the sharp increase in Age Consumed data shows that long-term investor confidence is low in the Polygon ecosystem. According to on-chain data, long-term investors have been selling off more of their assets over the past week.

Age Consumed measures the trading activity of long-term investors by tracking the number of recently sold coins multiplied by the number of days since they were last moved. MATIC's Age Consumed skyrocketed 2,400% from 38.2 million to 950.9 million between June 2 and June 8.

When Age Consumed spikes, as seen above, it signals that long-term holders are selling off large amounts of coins. This could cause potential new investors to become pessimistic about MATIC's future price outlook.

In conclusion, new de-staking tokens that are likely to flood the market and low confidence among Polygon's long-term investors are the key factors that will drive the price down further. This suggests that the price of MATIC is likely to fall further in the coming days.

MATIC Price Prediction: Sellers can pressure the price to retest $0.65

The pessimistic mood of long-term investors suggests that the price of MATIC may fall to $0.65. However, according to IntoTheBlock's In/Out of the Money Price (IOMAP) data, Polygon will likely receive initial support around $0.76.

In that region, there is a wall of demand created from 8,800 addresses that bought 606.5 million MATIC at an average price of $0.76. But if that support is not firm enough, the MATIC price could drop to a bottom of $0.65.

However, the bulls could prevail if the price of MATIC breaks through the $0.8 level. But as seen above, a fraction of the 18,160 investors bought 183.4 million coins for around $0.8 which could be a hindrance.

Only if that resistance is broken will MATIC be able to push the momentum up towards $0.89.

***This is a personal opinion, be careful when you decide to invest.

According to Beincrypto: Ethereum (ETH) price recovered slightly on Tuesday following an industry-wide correction due to the SEC lawsuit. An in-depth analysis of on-chain data shows that investors who are reallocating capital away from altcoins are facing trouble.

Besides, on-chain data shows that staking activity on Ethereum has increased significantly this week as investors reallocate capital out of meme coins and altcoins are in trouble.

A spike in staking activity could trigger an ETH price rally As altcoin prices continue to fall, holders are now turning to ETH staking profit targets to minimize their losses. The chart below shows Ethereum holders staking an additional 1 million ETH between June 1 and June 8.

Usually, as holders lock up more tokens, that reduces the supply available for trading on crypto exchanges. A temporary shortage in the market could trigger an ETH rally if demand begins to outstrip supply.

Investors are queuing to "catch the bottom"

For further confirmation of the bullish outlook, the order books of exchanges show that Ethereum market demand is starting to outstrip supply. Currently, investors have placed buy orders for 213,500 ETH. Meanwhile, sellers have only placed 145,190 Ethereum tokens for sale.

When the demand for an asset exceeds the number of sell orders, the level of competition increases and buyers tend to increase the bid price to quickly complete their buy order. Currently, the supply is short of 68,310 ETH on exchanges. This suggests that the price of Ethereum will rise further as buyers begin to compete.

Considering the overall bleak sentiment in the altcoin market, ETH is likely to benefit from a recovery above $2,000 in the coming weeks.

However, IntoTheBlock's In/Out of The Money Around Price (IOMAP) data shows that ETH will face initial key resistance around $1,900.

At that zone, 3.05 million addresses bought 5.31 million ETH at a maximum price of $1,905 that could trigger a correction. But if ETH can scale that resistance area, it could head towards $2,000 once again.

On the other hand, the bears can invalidate the price recovery prediction if ETH drops below the critical $1,795 support area. However, 3.51 million investors who bought 9.51 million ETH at a minimum of $1,795 will attempt to rally. Although unlikely, ETH could plunge towards $1,650 if that support is broken.

*This is a personal opinion, be careful when you make investment decisions*