The bulls are out in force and looking to deliver a strong message ahead of the long weekend. Bitcoin at $5,400 would be a start…
After a mixed bag on Monday, the broader market sees red at the start of the day. Bitcoin will need to hold onto $5,200 for the broader market to avoid a mass sell-off.
While it’s another positive start to the day, some red is beginning to hit the board. Support levels could be tested later in the day should sentiment not improve.
Bitcoin moves back through to $5,000 levels early on. Holding above $4,900 levels through the day will be a major coup for the Bulls.
Leading bank JP Morgan has launched JPM Coin, a blockchain-based token that is used as a settlement layer for their wholesale payments business. The lender’s wholesale payments business moves over $6 trillion daily around the world.
After a mixed start to the week, Ethereum is eyeing a return to $180 levels to bring major resistance levels into play later in the week.
It was quite a week for the cryptomarket as the bulls took control going into the 2nd quarter. The week ahead will define what lies ahead for the majors.
It’s a bearish start to the week for the majors. Following a mixed bag last week, failure to move through to key levels could weigh heavily this week.
It’s into the red for Ethereum, with a move back through to $137.50 levels needed to signal a pre-weekend rebound. The bias remains in favor of the downside mid-week.
After a strong set of gains last week and a broad-based crypto rally on Saturday, its a sea of red early on. Holding onto key levels will be needed to support further gains in the week ahead.
|Williams %R (14)||-31.4249|
|Stochastic RSI (14)||83.5478|
|Ultimate oscillator (7,14,28)||54.3174|
|Stochastic Fast (14)||68.5751|