Bitcoin has to go to the strong bull run in psychology level in 10k
The positive psychology of bitcoins increases the crypto space. By 2020, most major altcoins surpassed bitcoins, indicating an increase in investor interest in this some altcoins.
The whole cryptocurrency industries are focus on 4th coming bitcoin halving.
Coinbase believes that the reduction in supply will further strengthen the position of digital bitcoin and will serve as a gold competitor in the era of digital technology.
Morgan Creek Digital co-founder & partner Anthony Pompliano believes Bitcoin hits $100k in end of Dec 2021
BitMEX Co-Founder & CEO Arthur Hayes is also bullish
source:twitter.com/arthurhayes
All around bullish voice. doing technical analysis to point further rally.
Lets analysis the chart to pick out:
XTZ/USD
Tezos (XTZ) is the best game-changing this week with a rally of more than 40%. An altcoin is better in 2020 after collecting about 77% a year so far. Can it build its momentum? Let's look at the chart
The XTZ / USD pair recently closed the triangle. This arrangement has a minimum target of $ 3.35. However, we expect the upward trend to stop at $ 2.50 and above $ 2.90.
BNB/USD
Binance Coin (BNB) has long been on the best-performing list. Some important events this week were given a thumbs up by traders. Binance started futures trading for Zcash (ZEC) and BNB this week.
Binance adds Russian ruble. and purchasing cryptocurrency via visa, and Mastercard.
Trading view former chief operating officer Iskander Malikov, join now in binance crypto gateways to boost in fiat
The sharp trend this week exceeded resistance at $ 18.50 and $ 21.80. This shows that the pair BNB / USD gained momentum. The price reached $ 23.5213, which seems to be serious resistance. If the price falls from the current level, but does not take up much space, you will most likely break above $ 23.5213. Outside this level, a new uptrend begins. The first level that you should pay attention to is 32$.
BSV/USD
BSV (Bitcoin SV) has completed a planned update called Genesis, which removes the standard block size limit. Now it’s up to the miner to manage consensus on block size and network transaction throughput. Like positive complaints about more than halving of the upcoming Bitcoin, the BSV price also moved positively against halving of the April price.
After two weeks of consolidation, bulls try to continue the upward trend. This shows that the decline from $ 458.74 to $ 244.34 has not worried investors. The buyer buys the retreat at the breakthrough level of $ 255.62, which is the previous level.
Even though prices have fallen above USD 337.80 resistance this week, bulls struggle to maintain higher levels. This shows that some investors who remain at a higher level give up their positions.
ETH/USD
Ether (ETH) has gained around 17% in the last seven days and is the fourth best player. In the "Ask Me Something" session, Danny Ryan from the Ethereum Foundation said he hoped Ethereum 2.0 Phase 0 "would start on July 30, 2020 (Ethereum 1.0's 5th anniversary)."
Can price trends remain bullish and lead to the transition from employment proof to proof of promise? Let's look at the diagram to find out.
The upward trend in the ETH / USD pair took steps this week, failing above the resistance at $ 197.75. We hope the bears provide strong protection at $ 235.70. If the price drops from this level, it can be between $ 235.70 and $ 197.75 in a few days.
However, if bulls break out and hold above $ 235.70, the pair must rise to the resistance area of $ 318,238 to $ 366 because there are no significant obstacles between them.
On the other hand, bulls will stay edge until the price stays above $ 197.75. A break below this level will reverse the trend in favour of bears.
LINK/USD
Chainlink (LINK) completed the five best players around 15% in the last seven days. Does your chart project additional steps higher? Come on look it
The LINK / USD pair has slipped out of the long-term range that has been held in recent months. This shows that the bulls have outperformed the bears and continue to buy at higher levels.
The targeted breakthrough target is $ 4.5, slightly below the maximum life expectancy of $ 4.55826. We expect bears to aggressively maintain the height of life.
Our optimistic view will be cancelled if bulls don't keep prices above $ 3 and prices fall below it. In this case, the pair can extend their consolidation for several weeks.
Every investment and trading move involves risk, you should conduct your own research when making a decision.
Thank you
Via @cryptoraxer