Big News: Mt. Gox Trustee Announces Bitcoin and Bitcoin Cash Repayments Starting Early July 2024!

That may bring some selling pressure in the market and may bring some panic selling. Be prepared for high volatility in the market.

Bitcoin encountered strong resistance and faced a price drop due to the US Dollar Index's significant strength yesterday. Gold and Silver also experienced substantial declines. Currently, BTC is holding steady at the $69,000 level. We need to monitor if the price maintains its position above this level. A break below $69,000 would be considered bearish and could push the price towards the $64,000-$65,000 range.

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The altcoin market cap (TOTAL2) is forming a bull flag pattern and we see a continuation of the upward movement. The biggest altcoin season is yet to come as ETH is still trading below its all-time high. We will see FOMO rally after ETH breaks the $5,000 key level. You can accumulate your favourite altcoins in dips.

The TOTAL crypto marketcap continue the upward movement after the breakout. We may see a move towards the all-time high resistance area soon. The overall market is bullish.

Bitcoin continues to move sideways around the resistance area. Nothing has changed in the market yet and let's see how the price reacts next week.

ETH has again dropped to the support area and taken liquidity from there. The price has bounced from there, indicating a positive sign. We might witness a continuation of the upward movement now.

Bitcoin maintains the support area at $67,000, which is a positive sign. The market conditions remain unchanged, and we will monitor how the price responds at the support level. The US market is showing mixed signals.

Bitcoin has rebounded from the support area and is now approaching the $69,000-$70,000 resistance. Let's see how the price reacts to this area. Nothing has changed in the market yet.

Bitcoin broke the triangle pattern in an upward direction but was unable to sustain the upward movement. The price is currently holding above the $67,000 support area, which is a positive sign. If the price breaks below this support area, we may see a move toward the $65,000 support area.

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The altcoin market cap (TOTAL2) has broken the downtrend line with a big candle. The approval of the Ethereum ETF is the reason for this, and we may see more money flowing into ETH when the spot ETF trading starts. This is good for altcoins and we may see an altseason soon.