Bitcoin has been stuck below $61k raising the question of when BTC will finally start a surge that will flip the $62k resistance. The king-coin surge will not go unnoticed as more cryptocurrencies will follow its course.
Following recent price movements, it seems almost impossible not to think of a new all-time high. Unfortunately, the new ATH never came. The main contributing factor is that there are not enough trading activities to push the price above that mark.
Trading volume keeps depleting when BTC gets above $60k. At the time of writing, BTC is trading above $60k. There is also a common gap present between $59,040 and $59,955.
Prices may fill the CME gap before a shot at breaking the $61k deadlock. After filling the gap, Bitcoin may dip back to the $58 region before a price rally.
The Binance coin has had a tremendous week. Looking forward to the new week, another wonderful week is before traders as it seems BNB still has more tricks up its sleeves.
The bullish momentum is not coming to an end anytime soon as BNB is showing no sign of stopping. A similar surge as the one experienced last week will surely unfold the week and BNB may trade above $600 before the week’s end.
The legal battle with the SEC has been a hindrance to XRP in recent times. With the legal battle finally over, an influx of investors will happen. By just shrugging off the threat the legal pose, XRP rose by more than 90%.
The announcement of Ripple’s victory over the SEC saw its coin surge by more than 38%. More increase is expected this week that will see XRP trade comfortably above $1.5.
IOTA enjoyed a surge that saw it trade above $2. MIOTA gained more than 33% in the last seven days. The battle is on as more price actions are expected this week.
The bulls will try everything they can to keep prices trading above $2. if they achieve this, a more intense price hike than the previous will take place and ensure more price improvement that will see the coin trade above $2.1.
PUNDIX is the new NPXS. The integration finally took place a few days to the time of writing. Unfortunately, PUNDIX dipped immediately after listing.
The bulls will look to rally the market this week. More effort will be put into seeing PUNDIX trade above $4. After the $5 resistance submit, the next move will be for the bulls to go on flipping more resistance levels.
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Author: Gideon Geoffrey