So far, Bitcoin (BTC) is up 12.5%this year. The cryptocurrency asset is building a momentum. In fact, optionsmarkets have seen with potential call options which will hit $12,000 in June, amonth after the much-awaited halving.
Apart from BTC, other crypto-assetshas displayed enthusiasm in the markets over the past few days. So, many werehoping that a lot of buying opportunities will continue.
BTC’s $8,350 20-Day EMA
Instead of dumping or panicking, thebull have witnessed buying on dips action. That’s why after dipping down belowat $8,350 in the 20-day EMA, the crypto quickly recovered.
Meanwhile, the bears have controlover the market for two consecutive days. That happened after they dropped theprice from $8,725 to $8,665 last Wednesday.
In the case that the bulls could pushabove the resistance level of $9,200 and 200-day SMA, Bitcoin could rallytowards $10,360.89. But, if the bears could successfully protect the overheadresistance, a range-bound is possible in the next few days.
ETH’s $157.50 Bounce-Off
The bulls were expected to protectthe $157.50 strong support level. The ETH/USD pair can possibly experience arange-bound action for more days due to slowly dropping of RSI and flattening20-day EMA.
However, if the bears could sink theprice of ETH below the 20-day EMA, then it will call for a $151.829 minorsupport level. It’s also good to note that the ETH/USD pair might turn negativein case the aforementioned minor support level will also crack.
XRP’s Dropped Below the InvertedH&S Pattern’ Neckline
Today, the bulled failed to protectthe critical support level at the inverted head and shoulders pattern’sneckline. According to the analyst, the event resulted from a lack of buyers.
On the other hand, the bulls aretrying to push the price of XRP back above the neckline. Once you becomesuccessful, the XRP/USD pair can break above the 200-day SMA. If not, the pricewill drop to $0.20041.
BCH’s Intraday Lows Sharp Bounce-Off
Currently, there’s a strong demand atthe lower levels because of the intraday lows have bounced off. So, the bullsare now pushing the price to $360 level, which will act as a strong resistancelevel.
However, if the $306.78 and $270.15support levels break down, the BCH/USD pair will then sink below the $270.15zone.
BSV Is Poised to $337.80 Level
The bulls are currently accumulatingon dips at $236. Then, they are aiming to push the price of BSV to $337.80.This level will act as a solid resistance level. On the other hand, arange-bound is possible in the coming next days in case the price breaks downfrom $337.80.
LTC Fails to Scale Above $66.1486
As a result of failing to settleabove the $66.1486 level, Litecoin bounced back at $50 critical support level.On the other hand, in the case that bulls could push the asset’s price above$66.1486, then the LTC/USD pair will remain a range-bound action for more days.
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