Crypto market update 31/05/2024
Bitcoin struggling to maintain its price at 60k$, and currently trading below 59k$. The weekly chart is clearing indicating bearish move.
All the Crypto influencers and trading predicting the the next Bitcoin dip to 53k$, and Ethereum to 2100$.
I think the the new lower high will form between the price 55k$-56k$, and Ethereum to 2200$-2300$.
If #bitcoin dip to 53k$ the #ethereum will dip to near 1800$ that isn't looking the possibility right now.
#FED Chairman Powell announced in last meeting that they are going to cut rates in September. If this happen we may see the huge alt season. $BTC $ETH
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