Bitcoin (BTC) Declined Below The $26K Mark as SEC Unveiled A Lawsuit Against Binance
BTC price liquidation exceeded $100M following the lawsuit against Binance.
The price dropped to $25,389.
Bitcoin may enter a long-term downtrend if the support near $25,000 is broken.
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Bitcoin (BTC) Finds Strong Support At $27K Zone And Can Bounce Back To $28,500
● Bitcoin price rebounds above $27K.
● The price must exceed the 50-EMA resistance near $27,718 to rejoin the recent uptrend.
● The resistance at $28,500 is the nearest upside target for BTC.
Bitcoin (BTC) Price Consolidates Above $27K
● Bitcoin is likely to retest the critical support at $27K.
● The price has already broken the 50-EMA support
● US CPI Inflation data expected to release on May 10 (8:30 AM EST)
Dogecoin May Retest The Critical Support Near 0.0750 Following The Current Bearish Sentiment
● Dogecoin failed to exceed the 50 & 100-day EMA since the price broke the support at 0.0850.
● DOGE may retest the long-term support at 0.0750 following the current downtrend.
Bitcoin (BTC) Price Slides Below $28,000 With FTX Bankruptcy News
● Bitcoin breaks key support at $28,500
● The price may rejoin the bullish move if it can hold above the 50 EMA support on the
daily chart
● A break below $27,000 may push the BTC price to a further downside
● Ethereum fails to hold above the current support at $1,838 following the overall bearish
momentum.
● The price also breaks the 50 EMA support, indicating a potential bearish trend reversal.
● ETH may retest the key support at $1,700 if it fails to return above $1,800.
● Bitcoin retests the 50 EMA support following the current bearish momentum.
● A break below the current support at $27,000 may force the price to a further downside
target near $23,500.
● The price must exceed $28,500 to revive the recent bullish trend.
Get ahead of the crypto game! BTC rises above $26,650 and Ethereum crosses the $1,914 mark – the crypto market is up by 1.7%. Keep your eye on the ball and stay informed about all the latest updates. Join SolidusX today to start your journey with cryptocurrency trading.
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