BNB, AR, XMR, and TIA set to rally — Will Bitcoin's $70K breakout be the trigger?

) is facing resistance above the psychological barrier at $70,000, but a positive sign is that the bulls have not ceded much ground to the bears. Bitcoin is down marginally by just under one percent this week.over the past few days has not hampered investments into the spot Bitcoin exchange-traded funds. Farside Investors data shows more thaninto the Bitcoin ETFs since May 14. This suggests that the investors are accumulating Bitcoin, anticipating a breakout to the upside.

Instead, if the price rises above the moving averages, it will suggest that the bears are losing their grip. The BTC/USD pair may climb to the triangle’s resistance line, where the bears are expected to mount a strong defense. However, if the bulls prevail, the pair can resume its journey to $73,777.) has been trading above the moving averages for the past few days, indicating that the bulls are aggressively defending the level.

Contrarily, if the price turns down from the overhead zone, it will signal that the bears are not relenting. The AR/USDT pair could slide to the moving averages, which are likely to act as a strong support. The bears will have to tug the price below $36 to seize control.The price turned down from the overhead resistance of $47.51 but found support at the 20-EMA on the 4-hour chart. This suggests that the bulls are trying to defend the 20-EMA.

On the downside, the moving averages are the key support level to watch out for. A break and close below the 50-SMA could signal the start of a deeper correction. The pair may descend to $137 and subsequently to $130.Celestia has been staying above the moving averages for the past few days, suggesting that the bulls are trying to start a new up move.The moving averages have completed a bullish crossover, and the RSI is in the positive territory, signaling that the bulls are at an advantage.

Source: Digital Coin News (digitalcoinnews.net)

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

'Bitcoin Prize' Tweet Issued by Michael Saylor, Here's His Price HintProminent Bitcoin proponent Saylor has hinted at next Bitcoin price high to be reached soon
Source: Utoday_en - 🏆 295. / 63 Read more »

Cryptocurrencies Price Prediction: Bitcoin, Ondo & ShibaBitcoin/ U.S. dollar (BTC/USD) trading strategy: Overall, Bitcoin is still in an uptrend.
Source: FXStreetNews - 🏆 14. / 72 Read more »

Smart Bitcoin Statement Issued by Michael Saylor as BTC Dumps 4.15%Prominent Bitcoin advocate Saylor has made smart Bitcoin statement, addressing his X community
Source: Utoday_en - 🏆 295. / 63 Read more »

Michael Saylor Celebrates Important Bitcoin Anniversary: DetailsVocal Bitcoin proponent Saylor has published celebratory Bitcoin tweet to recall his personal BTC anniversary
Source: Utoday_en - 🏆 295. / 63 Read more »

Michael Saylor Breaks Silence on Bitcoin Dropping Below $68,000Vocal Bitcoin evangelist Michael Saylor reacts as Bitcoin plunges under $68,000 mark
Source: Utoday_en - 🏆 295. / 63 Read more »

Crucial Negative Ethereum ETF Statement Made by Samson Mow, Here’s His MessageBitcoin maximalist Samson Mow says Bitcoin has no use for Ethereum ETFs
Source: Utoday_en - 🏆 295. / 63 Read more »