Bitcoin, Ethereum Technical Analysis: BTC Drops Below $29,000 to Start the Weekend

Bitcoin bears re-entered the marketplace on Saturday, as prices moved closer to a multi-week low to start the weekend. BTC once again fell below $29,000, whilst ETH continues to move lower, and now hovers around $1,750. Bitcoin Following a brief rebound on Friday, BTC once again moved lower, with prices falling under the $29,000 mark

Timeline of Bitcoin, Ethereum

Bitcoin price analysis is bearish today as we have seen more consolidation below the $29,000 as the downside was rejected overnight. Therefore, BTC/USD should soon continue even lower towards the $27,500 support.

LUNA returns from the dead with Bitcoin remaining stuck below $29,000 after the new mainnet which came as many problems persist for other altcoins so let's read more today in our latest altcoin news. Bitcoin analysts faced another day of frustration on May 28 as BTC/USD refused to offer the volatility ups or down with

JPMorgan Chase said in this week's research note that the crypto slide under fair value provides an opportunity for "significant upside" for investors. The post As Bitcoin Remains Under $30,000, JP Morgan Anticipates Significant ‘Upside' appeared first on BeInCrypto.

One River's bitcoin ETF application got rejected by the SEC because it was not sufficiently protected against fraud and manipulation like most ETF proposals before it so let's read more today in our latest Bitcoin news. The United States Securities and Exchange Commission maintained the perfect record for rejecting BTC spot exchange traded funds when

Legendary investor Bill Miller says the upcoming Ethereum (ETH) switch to a proof-of-stake network will saddle Bitcoin (BTC) with one huge advantage over the top altcoin. In a new interview on The Investor's Podcast Network, the billionaire investor says ETH's switch from a proof-of-work to a proof-of-stake consensus mechanism could increase financial inequality, a problem The post Billionaire Bill Miller Says Upcoming Ethereum Upgrade Will Leave Bitcoin With One Massive Advantage Over ETH appeared first on The Daily Hodl.

Mercado Bitcoin, Latin America's largest crypto exchange, has announced a partnership with the Stellar Development Foundation (SDF) to create a project that will explore use cases for a central bank digital currency (CBDC).  The SDF is “a non-profit organization founded in 2014 to support the development and growth of the open-source Stellar network.” The SDF

Stacks‘ Bitcoin maximalist founder Muneeb Ali said he doesn't own any Ethereum since 2018 because it is losing against Bitcoin as money and as the major smart contract platform. The post Stacks founder claims Bitcoin will ‘win' over ETH appeared first on CryptoSlate.

Fears of a new Bitcoin bottom is around in the market in wake of recent crash involving the Terra ecosystem. Even as the BTC price fluctuates around the $29,000 range, the top cryptocurrency continues to dominate in terms of market share.

As the market is moving towards a more bearish trend, every Bitcoin investor is cautiously watching the indications that are pointing towards a bottom, but the price movement this week suggests that we aren't there yet. The most recent Blockware Solutions Market Intelligence Newsletter discovered evidence of this by looking at the monthly return for …

A closely tracked crypto strategist and trader is warning Bitcoin holders that BTC is poised to hit a new 52-week low. Pseudonymous trader Capo tells his 322,300 Twitter followers another sell-off event is in sight for Bitcoin as the crypto markets continue to show signs of weakness. “Almost the entire market except BTC has made The post Crypto Trader Who Predicted Bitcoin Collapse Below $30,000 Says BTC To Hit New Low – Here Are His Targets appeared first on The Daily Hodl.