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Bitcoin and Ethereum: May-June Crypto Market Crash

From financebrokerage.com

The price of bitcoin continues its sideways movement in the $21000-22000 range. There have been no major movements on the chart for five days; even the MA20 and MA50 are in the middle of this channel, showing us the neutrality of their movement. For a bullish option, we need a positive consolidation and growth of the bitcoin price to the resistance at the $22000 level. We then need to see a break above and for the price to hold at that level in order for it to try to move on. Potential higher targets are $22500 and $23000 levels. We need a negative consolidation and pullback to the $21000 support zone for a bearish ... (full story)

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  • Category: Technical Analysis