Bitcoin and most major altcoins have turned down from overhead resistance, indicating that bears are active at higher levels.
Bitcoin and altcoins continue to be rocked by macroeconomic and geopolitical uncertainty, but data shows bulls continue to buy each dip.) rally to a new all-time high, and the subsequent consolidation suggests that the bulls are not rushing to the exit as they anticipate another leg higher. According to an X post by Santiment, the rise has been supported by theIt is not only the whales who are buying.
If the price turns up from the current level or $3,056 and breaks above the 20-day EMA, it will suggest that the selling pressure is reducing. That could push the pair to the 50-day SMA and then to $3,679.If the price turns down sharply from $635, it will suggest that the BNB/USDT pair may extend its stay inside the range for some more time. The pair could drop to the moving averages and thereafter to $495.
If buyers want to gain the upper hand, they will have to push the price back above the 20-day EMA. That will increase the likelihood of the pair remaining inside the large range between $0.46 and $0.74 for some more time.) has been trading near the 20-day EMA for the past few days, indicating a tough battle between the bulls and the bears.The bulls are finding it difficult to propel the price above the overhead resistance zone between the 20-day EMA and the downtrend line.
The first sign of strength will be a break and close above the 20-day EMA. If this resistance is crossed, it will suggest a short-term trend change. The pair may then rise to $0.57.If the price turns down sharply from the current level, it will suggest that the bears remain in command. The AVAX/USDT pair could slump toward the $32 to $27 support zone. Buyers are expected to defend this zone with all their might because if they fail in their endeavor, the pair may tumble to $20.
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