👀 US states are abandoning BTC reserves. Bitcoin Laws repo | TopCryptoNews on Binance Square

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👀 US states are abandoning BTC reserves.
Bitcoin Laws reports that Florida authorities have withdrawn bills to create a state BTC reserve.
In addition, the Arizona governor recently vetoed the BTC reserve law.
#BTC #bitcoin #MarketPullback  

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💥 On Wednesday, the rate decision is expected to be left unchanged. We hope that at the press conference Powell will hint at a decline in June, which could provide local positivity. I don't expect any strong positives for alts before BTC updates its ATH At the moment, its Domination also continues to update ATH (due to the greater influx of liquidity in BTC instead of alts) #BTC #Bitcoin

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📊 Will Bitcoin Crash to $70,000? BTC Price Signals Flash Warning Bitcoin’s powerful rally over the last few weeks has driven the price back near the $95,000 mark, but recent chart signals are pointing to possible turbulence ahead. The current structure, as seen on both the daily and hourly timeframes, reveals that BTC price might be preparing for a healthy pullback or even a sharper correction if critical support levels fail. Let's dive deep into what the charts are actually saying. 🔸 Bitcoin Price Prediction: Momentum Falters Near Multi-Month Resistance On the daily Heikin Ashi chart, Bitcoin price has printed its first red candle after several consecutive green sessions—indicating a potential short-term top forming around $95,000. This zone, previously marked by rejection back in March, is proving to be a persistent barrier. The MA Ribbon, which includes the 20, 50, 100, and 200 SMAs, presents a crucial resistance confluence between $91,500 and $94,000. The price is now trading just slightly above the 200-day SMA ($90,309), which historically acts as a make-or-break zone for trend continuation. What makes this setup delicate is the flat structure of the 50-day and 100-day SMAs. These moving averages are not sloping steeply upward yet, indicating that although the momentum has returned, the medium-term trend hasn’t fully shifted into bullish territory. The daily Accumulation/Distribution Line (ADL) remains elevated, suggesting that smart money hasn’t aggressively exited yet—but any signs of further weakness could trigger significant profit-taking. 🔸 Hourly Chart: Early Signs of Breakdown? The hourly chart gives us a more granular view of short-term weakness. After failing to break above $96,000, Bitcoin retraced sharply and is currently hovering near $94,400. The price has slipped below the 20- and 50-SMA lines, with the 100- and 200-SMAs now acting as overhead resistance around $95,000–$96,000. This crossover from support to resistance could be a red flag that momentum is waning. #BTC #Bitcoin

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🔻 $XRP Price Falls Amid Declining Network Activity At the height of Q1, the XRP Ledger posted a healthy 612,000 daily active addresses, indicating strong user engagement and transaction activity. However, the chart below shows a sharp decline in April and early May. With only around 40,000 active addresses per day, transactions on the XRP Ledger are becoming less frequent, which could indicate a decline in interest or a lack of confidence in the asset's short-term prospects. #XRP #Ripple

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🔵 Cardano Stays Strong at $0.68 as Bulls Target Break Above $0.74 The leading altcoin, Cardano (ADA) price dropped 1.07% over the past 24 hours, trading at $0.6835 during press time. The price fluctuated between $0.6692 and $0.6936, reflecting short-term market instability. This movement continues a broader trend of volatility as the token struggles to sustain any lasting upward momentum. Also, Cardano remains down approximately 78% from its peak of $3.10 reached in September 2021. Short-term technical indicators show no clear breakout above resistance or breakdown below support. ADA’s immediate support is $0.6690, while resistance sits near $0.6935. The five-minute chart shows frequent price reversals within this tight range. Volume activity remains consistent, but momentum appears limited. The MACD lines are hovering around the zero line, suggesting neutral sentiment. Bullish and bearish crossovers are present but lack significant price action follow-through. 🔸 Bullish Patterns Emerge in Daily Chart Structure On the daily timeframe, Cardano recently broke out of a falling wedge pattern, commonly seen as a bullish reversal signal. Additionally, an inverse head and shoulders formation appeared, which often signals the potential for upward movement. These technical patterns suggest that ADA may be preparing for a breakout if key levels are surpassed. Analyst Ali’s chart indicates that Cardano has been trading inside a descending channel since early 2025. The current move toward the upper channel boundary suggests renewed buying interest. ADA is now approaching a major resistance level at $0.74. A breakout beyond this point may clear the way for a rise toward $0.88. If rejected, the trend could remain trapped within the bearish structure, keeping upside capped. #ADA #Cardano

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🌡 Trump said that cryptocurrencies are important, and if we don’t develop them, China will. But the market is not satisfied with just words and went into correction: BTC is below $95k, ETH is again at $1.8k, and SOL is at $146 🤑 A Bloomberg analyst sai

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