Bitcoin Price Prediction: BTC/USD Signals Fresh Increase above $36,000

Bitcoin Price Prediction – June 7

The Bitcoin price retested the $35,000 support level as it is now rising, but it must clear $37,000 and the moving averages for a steady increase.

BTC/USD Long-term Trend: Bearish (Daily Chart)

Key levels:

Resistance Levels: $42,000, $44,000, $46,000

Support Levels: $31,000, $29,000, $27,000

BTCUSD – Daily Chart

BTC/USD is currently recovering higher from the $35,000 support zone and the first digital asset must clear $37,000 resistance above the 9-day and 21-day moving averages to start a fresh increase in the near term. Looking at the daily chart, traders could see that BTC is yet to break above the 9-day moving average. The implication is that the market may drop to retest the $33,000 support. This is possible if the sellers reclaim the $35,000 crucial support level and in most cases, sellers may find penetration difficult at this level.

Bitcoin Price Prediction: Would BTC

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El Salvador Bitcoin Plan To Make it Legal Tender – Buy BTC Price Rebound

El Salvador bitcoin plans would make it legal tender in the country.  That’s the prospect held out by President Nayib Bukele who says he is sending legislation to the small central American country’s parliament to that effect.

If approved, which is thought to be likely, it will be a world first and Salvadoreans will be able to use bitcoin alongside the US dollar which currently acts as the country’s currency.

The news broke at the Miami Bitcoin 2021 conference

“In the short term, this will generate jobs and help provide financial inclusion to thousands outside the formal economy,” Mr Bukele told the conference attendees.

The president expects the country to play a major part in transforming the economy of the country because of the way in which it will make remittance inflows into the economy more efficient and much cheaper – a benefit to both individuals and the commerce more … Read more

3 Best Cryptocurrencies To Buy For The Long-Term On Cheap Prices

If you are looking to buy cryptocurrencies and wondering which cryptocurrency will turn out to be a profitable investment, you’ve landed in the right place as below we highlight the 3 best cryptocurrencies to buy for the long term.

As cryptocurrencies grow, people are developing an interest in the crypto market. The old debate on how viable and profitable cryptocurrencies can be has gradually phased out. As the assets are becoming more acceptable for daily transactions, more people are embracing them.

Currently, there are lots of cryptocurrencies trending in the market. Most cryptocurrencies are gaining value very fast and can boost your investment plans on a long-term basis. Some of these top assets have a market cap that runs into billions of dollars and we will concentrate on the larger cap end of the market.

But it may be confusing to try and pick a particular cryptocurrency to invest in, … Read more

Cardano Price Hits $1.88 As Recovery Quickens – Where to Buy ADA

Cardano price is going from strength to strength as it reclaims $1.80 with the next stop looking like the psychologically all-important $2.0 mark.

Cardano has suffered the least of the major altcoins in the wake of the May correction pain. The price nudged $1.88 today but has since given up some of those gains as the US session kicked into gear – maybe some crypto buyers prefer the excitement in meme stocks at this point?

Although a way off the $2.47 all-time high it recorded on 16 May, Cardano is looking in very good shape. But as far as that high goes, we should recall that it was somewhat fleeting – it was printed the day before the crash began, and so there was little time to establish selling interest at those levels, and that could translate into weaker resistance ahead.

Cardano price: Weak resistance ahead

The lack of resistance … Read more

Ripple Price Prediction: XRP/USD Settles Above $1 as Price Consolidates

Ripple Price Prediction – June 2

For the past few days, the Ripple price has been unable to develop bullish momentum above the $1.20 resistance level.

XRP/USD Market

Key Levels:

Resistance levels: $1.28, $1.38, $1.48

Support levels: $0.70, $0.60, $0.50

XRPUSD – Daily Chart

XRP/USD is bullish as the market retraced to $0.96 support and currently prepares to move higher again. Therefore, we expect the Ripple price to move higher later today and push towards the $1.20 level. Although XRP/USD opened yesterday at $1.01 after a bearish closing price, since then, the market has moved sideways as the bulls prepare to rise. Therefore, we expect XRP/USD to rise to the next target at $1.20 in the next 24 hours.

Ripple Price Prediction: Next Direction for Ripple?

If the bulls manage to keep the Ripple price above the 21-day moving average; they may likely find the resistance levels of $1.28, $1.38, … Read more