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Week Ahead: Crypto market eyes a bullish turnaround

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Cryptocurrencies,Technical Analysis

A new week has begun, but crypto markets seem to be doing the same thing they have for the past few weeks – consolidate.

However, this week will likely bring new opportunities as Bitcoin begins to show signs of revival. Bitcoin outlook remains unchanged Bitcoin price has been slowly sliding lower and currently trades at $63,000. This consolidation has been underway for nearly two months. After the May 1 correction, BTC should have seen a positive spike in buying pressure, but it failed to sustain.

-hour chart Top 3 reads: Bitcoin price retests $60,600, wiping out Thursday gains in American session Ethereum declines briefly, JP Morgan sees a spot ETH ETF approval despite recent Wells notice XRP drops below $0.

 

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Week Ahead: Crypto market volatility likely to come back as BTC halving loomsThis week’s outlook is interesting since Bitcoin (BTC) has swept the range low on the daily time frame.
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