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$BTC price analysis........🚀🚀🚀 Bitcoin surged above the 20-day EMA ($63,556) after a minor hesitation, but the bulls could not pierce the 50-day SMA ($65,937). #BTC/USDT daily chart. Both moving averages have flattened out, and the RSI is near the midpoint, indicating a range-bound action in the near term. The BTC/USDT pair is likely to remain between $56,500 and $73,777 for some more time. #altcoins #BTC #bitcoinhalving #BlackRock

$BTC price analysis........🚀🚀🚀

Bitcoin surged above the 20-day EMA ($63,556) after a minor hesitation, but the bulls could not pierce the 50-day SMA ($65,937).

#BTC/USDT daily chart.

Both moving averages have flattened out, and the RSI is near the midpoint, indicating a range-bound action in the near term. The BTC/USDT pair is likely to remain between $56,500 and $73,777 for some more time.

#altcoins #BTC #bitcoinhalving #BlackRock

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$SOL Solana price analysis.......🚀🚀🚀 Solana  $153  has been trading between $126 and $162 for several days, indicating indecision about the next directional move. #SOL/USDT daily chart. The flattish 20-day EMA ($146) and the RSI just above the midpoint suggest that the range-bound action may continue for some more time. If the price maintains above the 20-day EMA, the SOL/USDT pair could rally to the overhead resistance at $162. Buyers may find it difficult to overcome this obstacle. However, if the bulls bulldoze their way above $162, the pair may accelerate toward $205. This level is likely to act as a formidable resistance. On the downside, a break below the 20-day EMA could sink the pair to $126. #altcoins #BTC #bitcoinhalving #Memecoins
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$XRP price analysis......🚀🚀🚀 The bulls have pushed XRP  XRP $0.55  above the 20-day EMA ($0.53) on May 6, indicating that the corrective phase may be ending. #XRP/USDT daily chart. The flattish 20-day EMA and the RSI just above the midpoint suggest a balance between supply and demand. This advantage will tilt in favor of the bulls if they drive the price above the 50-day SMA ($0.56). The XRP/USDT pair could then pick up momentum and climb to the stiff resistance at $0.67. The bears are likely to have other plans. They will try to protect the 50-day SMA and pull the price back below the 20-day EMA. If they do that, the pair may plummet toward the crucial support zone between $0.46 and $0.41. #altcoins #BTC #bitcoinhalving #Memecoins
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$DOGE price analysis............🚀🚀🚀 DOGE $0.16  recovery is facing selling at the 50-day SMA ($0.17), but a minor advantage in favor of the bulls is that they have not allowed the price to slip below the 20-day EMA ($0.15). #DOGE/USDT daily chart. If the price maintains above the 20-day EMA, the bulls will take another shot at the 50-day SMA. The repeated retest of a resistance level tends to weaken it. If this level is taken out, the DOGE/USDT pair could start a rally to $0.21. If bears want to prevent the upside move, they will have to quickly pull the price back below the 20-day EMA. If they do that, it will suggest that the bears remain active at higher levels. The pair may then drop to $0.12. #altcoins #BTC #bitcoinhalving #Memecoins
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$ADA price analysis......🚀🚀🚀 ADA $0.46  once again turned down from the 20-day EMA ($0.47) on May 6, indicating that the bears continue to defend the level aggressively. #ADA/USDT daily chart. The bulls are trying to defend the $0.46 support because if this level breaks down, the ADA/USDT pair could retest the crucial support at $0.40. Buyers are expected to fiercely defend this level. Contrary to this assumption, if the price turns up from the current level and breaks above the 20-day EMA, it will signal that the selling pressure is reducing. The pair could then attempt a rally to the overhead resistance at $0.57. #altcoins #BTC #Memecoins #bitcoinhalving
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$BTC Bitcoin price analysis...🚀🚀🚀 Bitcoin is taking support in the zone between the 50% Fibonacci retracement level of $58,017 and the 61.8% retracement level of $54,298. #BTC/USDT daily chart. The bulls pushed the price back above the breakdown level of $59,600 on May 3, indicating that the recent fall may have been a bear trap. However, the bears are unlikely to give up easily. They will try to stall the relief rally at the 20-day exponential moving average ($63,366) and then at the 50-day simple moving average ($66,151). If the price turns down from the moving averages, it will suggest that the sentiment remains negative and traders are selling on rallies. The bears will then make one more attempt to sink the BTC/USDT pair below $56,500. If they succeed, the pair may slump to $54,298. Conversely, a break above the 50-day SMA will suggest that the pair may extend its stay inside the range for some more time. #altcoins #BTC #BlackRock #CryptoWatchMay2024 $ETH $SOL
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