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Syed jalal uddin
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Syed jalal uddin
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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.
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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.
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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.
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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.
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