Altcoins see another week of rocky trading, while traders are viewing Bitcoin price dips as a buying opportunity, as seen from the fresh inflows into the spot Bitcoin ETFs.) remains stuck in a large range, but the bulls are trying to maintain the price above $60,000. This is a positive sign as it shows the bulls are not waiting for the price to dip to $56,552 before buying.
Contrary to this assumption, if the price rises above the moving averages, it will suggest the start of a rally to $3,730. If the ETH/USDT pair turns down from $3,730 but finds support at the 20-day EMA, it will improve the prospects of a break above the overhead resistance.If the price turns down and breaks below $560, it will signal the start of the next leg of the down move to $536.
Alternatively, if the price turns up from the current level and breaks above the moving averages, it will suggest that the pair will attempt a rally to the overhead resistance of the range at $0.57.) has been stuck between $0.12 and $0.13 for the past few days, indicating that the bulls have successfully defended the support but failed to start a rebound.The downsloping 20-day EMA and the RSI in the negative territory indicate that the bears have the upper hand.
On the downside, a break and close below $0.35 will tilt the advantage in favor of the bears. The pair may then slump to $0.28.The 20-day EMA is flattening out, and the RSI is rising toward the midpoint, indicating that the selling pressure is reducing. If buyers drive and maintain the price above $29, it will signal that the markets have rejected the breakdown. The AVAX/USDT pair may rally to the 50-day SMA .