Bitcoin Bulls Eye Breakout as waves in fluctuation

Next week is preparing at Crypto to be a volatile journey, as Bitcoin hovers near its highest levels ever and measuring the market for the main macroeconomic operators. After a dramatic increase after 106 thousand dollars and a rapid decline, all eyes are on whether BTC can break the resistance about 110 thousand dollars or a decline of about 98 thousand dollars. Meanwhile, Ethereum shows recovery marks, and Altcoins remains like Dogecoin and XRP elastic. With the high ETF flows, the increase in whale activity, the morale of investors ’swings towards greed, the stage is set for sharp movements and crucial market currencies in the coming days.

Before moving forward, readers should notice that the total encryption market and the coin are very volatile. There are no guaranteed ways to ensure that cryptocurrencies expect to behave in the future.

This article aims to help investors stay at the top of the current market scenarios and the largest events that have already occurred in addition to some of the upcoming events that deserve to be referred to. Investors are advised to conduct their research before making any calls.

Encryption prices

Last Monday (May 12), the ceiling of the total encryption market amounted to 3.34 trillion dollars. The price of BTC was about 104,000 dollars. The price of ETH was about $ 2,500.

After a week, the maximum of the total market decreased to $ 3.25 trillion.

Check the highest encryption prices today

Over the past seven days, Bitcoin has achieved the highest level of 106,566.10 dollars (on May 19) and the lowest level of $ 100,833.29 (May 13).

Ethereum, on the other hand, witnessed the highest level of $ 2731.20 (May 14) and the lowest level in $ 2,360.10 (May 19).

Note encryption events

Bitcoin continues to control the main headlines as it flirts with the highest standard and increasing fluctuations. A mysterious whale put a bet near 103 thousand dollars, which sparked the markets of the market.

While BTC retains about $ 103,684, traders re -out above $ 110,000 or a decline to 98 thousand dollars. The Fear & Greed Index shows increased greed, reflecting the upscale feelings. Ethereum rises, BTC rose to $ 106,000, with sparked predictions to 130,000 dollars if the macro conditions are supported.

However, the sudden decrease of 107 thousand dollars has corrected a wider encryption market, which affects the main altcoins such as Ethereum, Litecoin and Tron.

Caution is still a key.

What encryption traders say about the current market scenario

Tell Alankar Saxena, CTO and co -founder, Mudrex, ABP Live“Bitcoin is currently trading around the 104,000 dollar sign, with the support of the growing upward feelings. It is interesting, that BTC seems to be about to form a golden cross this week, similar to the patterns seen in February and October last year, which historically precedes, precedes historically, can precede it historically, and can defend the prices that were recorded again. 102,500 dollars, the support zone may lead to a short -term withdrawal of about $ 100,000.

Srinivas L, CEO, 9 points, said, “Bitcoin (BTC) is combined just over $ 103,000 after a strong increase of 25 % during the past two months – a healthy mark on strength after a sustainable step. With inflation in the United States and the growing expectations now. Data on the chain appear long -term holders, and main support continues at $ 100,000 and $ 97,000 in keeping With it.

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Slip: Curd and NFTS products are not organized and can be very risky. There may not be the organizational resort to any of these transactions. The cryptocurrency is not a legal tender and is subject to market risk. Readers are advised to search for expert advice and read a document (sites) of the presentation in addition to important relevant literature on this topic carefully before doing any kind of investment at all. Coded Market predictions are speculative and any investment that is made at the only cost and readers ’risk.