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June 6, 2023
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News for Crypto World – AllCrypto.biz portal, your one-stop destination for the latest news, analysis, and insights from the world of cryptocurrency.

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Popular News

1

Bitcoin on-chain and options data hint at a decisive move in BTC price

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2

Bitcoin wicks down to $26.5K, but trader eyes chance for ‘bullish surprise’

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3

Bitcoin reclaims $28K, and charts suggest ARB, XRP, EOS and AAVE could follow

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4

Bitcoin erodes 4% gains as BTC price downside targets stretch to $23K

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5

Last BTC price dip before a $30K breakout? Bitcoin wipes weekend gains

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6

Mining difficulty passes 50 trillion — 5 things to know in Bitcoin this week

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7

Bitcoin played second fiddle as KAVA, XRP, TRX, RPL and RNDR led the crypto market in May

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8

Bitcoin price rejects at $28K as analysts eye CME futures gap dip

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9

Synthetix (SNX) trading volume overtakes GMX, but is the DEX token rally sustainable?

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10

Bitcoin nears $27K despite ‘hot’ PCE data sparking June rate hike bets

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11

Bitcoin ‘buys the rumor’ on US debt ceiling as BTC price nears $27.5K

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12

2 more rate hikes? Bitcoin analyst counts down to ‘huge’ volatility

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13

Bitcoin dips 5% to key support in ‘moment of truth’ for crypto market

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14

Ethereum is ‘woefully undervalued’ but growing more powerful: DeFi Dad, Hall of Flame

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15

Longing for liquidity — 5 things to know in Bitcoin this week

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16

These 4 altcoins could be ready for an up-move if Bitcoin rallies above $27,500

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17

$160K at next halving? Model counts down to new Bitcoin all-time high

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18

Bitcoin price capitulation below $26K possible as Friday’s BTC options expiry looms

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19

Bitcoin flips volatile at $27K as Fed’s Powell teases end to rate hikes

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20

Ordinals turned Bitcoin into a worse version of Ethereum: Can we fix it?

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21

How much is Bitcoin worth today?

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22

Sink or swim at $27K? 5 things to know in Bitcoin this week

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23

Bitcoin price retests key support as Fed rate hike fears steal $27K

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24

‘One of the greatest’ Bitcoin metrics says BTC price bull run is here

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25

Bitcoin offers ‘good signs’ as analysts retain $40K BTC price target

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26

3 reasons why Ethereum price could struggle at the $1.9K level

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27

BTC price bounces at $25.8K lows amid warning over low whale interest

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28

Bitcoin price hits $27.2K, but new analysis warns more losses ‘likely’

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29

‘Don’t short when it’s dark green’ — How to trade the 2024 Bitcoin halving

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30

The Ethereum Foundation just sold $30M in Ether — But will ETH price fall this time?

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31

Coinbase screws up, Florida bans CBDCs, and Ordinals face controversy: Hodler’s Digest, May 7-13

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32

BTC price risks $27K loss as Bitcoin trend lines brew ‘bullish cross’

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33

Bitcoin bears need BTC price to go below $27K ahead of Friday's $900M options expiry

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34

Ethereum derivatives flirting with bearishness: Mind the $1,820 support

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35

Alameda’s $38B IRS bill, Do Kwon kicked in the assets, Milady frenzy: Asia Express

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36

Joe Lubin: The truth about ETH founders split and ‘Crypto Google’

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37

Does Bitcoin price risk losing $28K with BTC futures premium at 2-month lows?

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38

3 signs PEPE token is about to trap bulls after 2,000% price rally

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39

Bitcoin miners have earned $50B from BTC block rewards, fees since 2010

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40

Bitcoin eyes liquidity above $30K as gold hits new all-time high

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41

Bitcoin trader eyes $63K BTC price for new Bollinger Bands ‘breakout’

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42

Ethereum price outlook weakens, but ETH derivatives suggest $1.6K is unlikely

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43

Bitcoin limps into FOMC as flagging volume adds to BTC price hurdles

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44

Bitcoin drops with stocks as analyst warns of banking crisis ‘endgame’

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45

BTC price may need a $24.4K dip as Bitcoin speculators stay in profit

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46

Bitcoin sell-off next? Binance BTC balance shoots up $1.5B in 1 month

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47

Bitcoin miners earned $50B from BTC block rewards, fees since 2010

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48

Will $28K Bitcoin price hold? Two indicators remain solid despite 5% pullback

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49

China’s wave of ChatGPT rivals, Alibaba goes multichain: Asia Express

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50

‘Good luck bears’ — Bitcoin traders closely watch April close with BTC price at $29K

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51

Shirtless shitposting and hunting SBF on the meme streets: Gabriel Haines, Hall of Flame

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52

Got liquidated with Bitcoin futures? Get 3.5x leverage using this options strategy

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53

Bitcoin ignores US jobs data as BTC price dip puts $28K support at risk

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54

Whatever happened to EOS? Community shoots for unlikely comeback

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55

Dogecoin soared 23,000% in 2021 — Is history starting to repeat for DOGE price?

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56

Bitcoin price struggles to hold above $30K amid regulatory uncertainty

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57

Ether price struggles to maintain support as regulatory challenges and network issues weigh

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58

Bitcoin price can ‘easily’ hit $20K in next 4 months — Philip Swift

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59

Bitcoin price holding $27K could open buying opportunities in BNB, ADA, XMR and TON

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60

Ethereum price lower highs vs. Bitcoin hint at more downside in April

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61

Dogecoin price limps below a key support after Dogeday turns into a sell-the-news event

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62

BTC price dives 3% in minutes as ‘deep correction’ grips crypto market

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63

Bitcoin at key point with BTC price at $28.8K — Bollinger Bands creator

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64

From SNL and The Tonight Show to Sotheby’s:  NFT Creator Bryan Brinkman

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65

Bitcoin on-chain data highlights the steps BTC is taking to exit the bear market

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66

Ethereum on-chain data forecasts the withdrawal of 1.4M ETH over the next few days

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67

Bitcoin price spikes above $31K as Ethereum gains spark ‘altseason’ calls

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68

Can Ethereum crack $2K? ETH price inches closer despite new unlocked supply

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69

What Bitcoin bear market? BTC price closely copying old halving cycles

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70

Ronin (RON) bags a 500% gain as the gaming-focused project approaches a major upgrade

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71

3 signs Arbitrum price is poised for a new record high in Q2

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72

Bitcoin derivatives data shows bulls positioning for further BTC price upside

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73

Bitcoin glory on Chinese TikTok, 30M mainland users, Justin Sun saga: Asia Express

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74

BTC price targets see $33K next as Bitcoin eyes key resistance flip

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75

Ethereum price metrics hint that ETH might not sell-off after the Shapella hard fork

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76

Bitcoin price sets up for an explosive move as ADA, XLM, AAVE and CFX turn bullish

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77

‘Pop or drop?’ Bitcoin analysts decide if BTC price will beat $30K

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78

Bitcoin whales push ‘choreographed’ BTC price as Ether nears $2K

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79

NFT Creator, The Sarah Show: Analog childhood meets dizzying digital future

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80

Bitcoin rests at $28K as US jobs data boosts new Fed rate hike bets

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81

BTC white paper hidden on macOS, Binance loses AUS license and DOGE news: Hodler’s Digest, April 2-8

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82

XRP price eyes 30% upside after key resistance area breaks

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83

3 key Ethereum price metrics cast doubt on the strength of ETH’s recent rally

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84

Bitcoin traders expect ‘big move’ next as BTC price flatlines at $28K

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85

Bitcoin ‘faces headwinds’ as US money supply drops most since 1950s

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86

Ethereum price turns bullish ahead of next week’s Shanghai and Capella upgrades

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87

Arbitrum FUD spooks the market, but on-chain data shows whales accumulating ARB

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88

Zhu Su’s exchange did $13.64 in volume akshually, Huobi in crisis: Asia Express

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89

Crypto security audits and bug bounties are broken: Here’s how to fix them

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90

Trader Joe joins top 5 DEX list as Liquidity Book model thrives on Arbitrum

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91

Crypto market momentum stalls as traders await the results of recent regulatory actions

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92

Bitcoin price turns $28K to support, opening the door for ETH, MATIC, HBAR and EOS to breakout

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93

Binance-CFTC FUD puts BNB price at risk of dropping toward $200

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94

XRP price: 'sell the news' moment nears after crypto-leading 20% weekly gain

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95

XRP price tags 10-month high — Can a 35% pullback be avoided?

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96

Solana overcomes FTX fiasco — SOL price gains 100% in Q1

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97

Why did 12K Bitcoin margin longs close at Bitfinex, and why didn’t it impact BTC price?

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98

Analysts debate the ETH price outcomes of Ethereum’s upcoming Shapella upgrade

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99

Bitcoin price holds its ground in the wake of CFTC case against Binance

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100

Bitcoin spikes above $29K as ‘fakeout’ fuels BTC price strength doubts

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101

ARB price to $2? Ethereum L2 rival Arbitrum will double in April, fractal suggests

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102

Elon Musk slams ‘heavy-handed’ Fed as ex-BitMEX CEO sees $1M BTC price

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103

Crypto market rally stalls at the $1.2T level, but bulls are getting positioned

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104

Bitcoin price will hit this key level before $30K, survey says

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105

Why is Cardano price up today?

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106

Bitcoin erases Fed losses as traders eye $40K BTC price target

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107

Bitcoin is 1 week away from 'confirming' new bull market — analyst

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108

Bitcoin liquidations vanish as trader hopes $30K will hit before dip

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109

Ethereum faces 6-month lows versus Bitcoin — Will ETH price rebound?

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110

Arbitrum’s ARB token signifies the start of airdrop season — Here are 5 to look out for

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111

Bitcoin bulls remain bullish, but macro and crypto-specific hurdles have BTC pinned below $30K

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112

Ethereum price at $1.4K was a bargain, and a rally toward $2K looks like the next step

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113

Bitcoin rejects at $25K as US PPI data meets Credit Suisse meltdown

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114

Speculators flock to Arbitrum IOU tokens ahead of this week’s ARB airdrop

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115

Investors shelter in short-term Treasurys, reducing Bitcoin’s chance of rallying to $30K

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116

Will the Fed stop rate hikes? 5 things to know in Bitcoin this week

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117

Bitcoin levels to watch as BTC price eyes highest weekly close in 9 months

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118

Bitcoin price hits $27K in new 9-month high as Fed injects $300B

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119

Bitcoin market cap grows 60% in 2023 as top Wall Street banks lose $100B

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120

Ethereum price reaches lowest level relative to Bitcoin in 5 months

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121

Bitcoin dominance nears 50% as research hails ‘bullish’ narrative flip

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122

4 signs the Bitcoin price rally could top out at $26K for now

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123

Lark Davis on fighting social media storms, and why he’s an ETH bull: Hall of Flame

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124

Why is Ethereum (ETH) price down today?

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125

US bank bloodbath: Bitcoin hits $23.7K as BTC price analyst calls SVB dip ‘bear trap’

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126

Dogecoin hits 4-month lows vs. Bitcoin — 50% DOGE price rebound now in play

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127

Bitcoin price spikes to ‘$26K’ in USDC terms — How high can the BTC short squeeze go?

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128

Fed starts ‘stealth QE’ — 5 things to know in Bitcoin this week

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129

Why is XRP price up today?

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130

Why is Ethereum (ETH) price up today?

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131

Bitcoin battles $20K as trader calls bank chaos ‘2008 all over again’

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132

Cathie Wood’s ARK ignores Silvergate, buys Coinbase stock for 6th straight month

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133

Ethereum price action and derivatives data confirm bears are currently in control

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134

$920B is the number to watch now that crypto’s trillion-dollar total market cap is gone

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135

Warning sign for ETH price? Ethereum volume profile is down 90% since March 2020

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136

Bitcoin keeps liquidating longs as BTC price action gives up $22K support

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137

Bitcoin price levels to watch as trader says ‘lights out’ below $21.6K

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138

Bitcoin price would retest $25K without Silvergate saga — analysis

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139

Bitcoin price faces ‘last stand’ as weekly close threatens $22K retest

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140

Ethereum eyes 25% correction in March, but ETH price bulls have a silver lining

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141

Bitcoin price stumbles amid investors’ aversion to risk assets, but there is a silver lining

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142

Ethereum price resistance at $1,750 could reflect traders’ anxiety over the Shanghai upgrade

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143

Fears over Silvergate, $8B hole at FTX, senators seek Binance’s numbers: Hodler’s Digest, Feb. 26 – March 4

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144

$3M OKX airdrop, 1-hour due diligence on 3AC, Binance AI — Asia Express

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145

Bitcoin’s least volatile month ever? BTC price ends February up 0.03%

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146

Bitcoin on-chain data highlights key similarities between the 2019 and 2023 BTC price rally

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147

Bitcoin ‘millionaires’ increased 140% as BTC price crossed $20K — data

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148

Here’s why STX, CFX, SSV, AGIX and GRT are the top performing assets in February

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149

Bitcoin may only need 4 weeks to hit $30K as key monthly close looms

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150

SBF’s new charges, Shapella’s fork date and emojis as financial advice: Hodler’s Digest, Feb. 19-25

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151

THETA, LIDO, KLAY and EGLD flash bullish signs as Bitcoin recaptures $23K

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152

Bitcoin price eyes $24K retest as US dollar dives into monthly close

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153

BTC whale population shrinks to early 2020 levels — 5 things to know in Bitcoin this week

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154

How Fantom and Optimism’s DeFi and DApp development directly affects FTM and OP price action

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155

Bitcoin price tumbles to 10-day lows as ‘Notorious B.I.D.’ keeps support at $22.5K

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156

Bitcoin price stays under $24K as PCE data helps US dollar to near 7-week highs

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157

Bitcoin regains $25K amid hope record China easing will boost BTC price

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158

Why is Bitcoin price down today?

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159

Ethereum derivatives data suggests $1,700 might not remain a resistance level for long

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160

Bitcoin sees fresh $25K rejection as pre-Wall Street volatility returns

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161

'Stupid money' Ether investor loses over $2M in six months — 3 lessons to learn

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162

Bitcoin price continues to fall, but derivatives data hints at a short-term rally to $25K

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163

Bitcoin bears attempt to pin BTC price under $23K ahead of this month’s options expiry

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164

A ‘snap back’ to $20K? 5 things to know in Bitcoin this week

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165

Bitcoin must leverage $1T central bank liquidity to beat sellers — Research

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166

Bitcoin can hit $40K before BTC price sees ‘harsh correction’ — Analyst

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167

Bitcoin Lightning Network growth is organic, coming from real-world adoption

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168

Bitcoin bulls aim to hold this week’s BTC gains leading into Friday’s $675M options expiry

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169

Bitcoin metric prints ‘mother of all BTC bullish signals’ for 4th time ever

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170

China’s only public blockchain, Conflux, sees CFX price skyrocket 1,300% in 2023

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171

Polygon ecosystem development and upcoming zkEVM launch add to MATIC’s bullish momentum

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172

BTC price cools on latest US data as Bitcoin liquidates $80M in shorts

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173

Bitcoin levels to watch as BTC price rejects at key $25K trendline

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174

First weekly death cross ever — 5 things to know in Bitcoin this week

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175

Bitcoin eyeing ‘next big move’ which could see $19K retest — analyst

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176

ApeCoin leads in NFT and metaverse market share, but are APE’s hefty staking rewards sustainable?

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177

Bitcoin flirts with bid liquidity as BTC price nears new 3-week lows

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178

Ethereum price prints ‘death cross’ after losing 13% versus Bitcoin from 2023 peak

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179

Bitcoin price derivatives look a bit overheated, but data suggests bears are outnumbered

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180

Bitcoin price rally to $25K followed by total crypto market cap retest of the $1.13T resistance

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181

NFT marketplace tokens soar in 2023, and Blurs recent airdrop may extend the trend

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182

Bitcoin price targets range from $19K to $25K as CPI day dawns

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183

Bitcoin bulls aim to hold this weeks BTC gains leading into Fridays $675M options expiry

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184

Tether market cap nears $70B as SEC crypto crackdown hurts stablecoin rivals

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185

MATIC, HBAR, LDO and BIT gather strength as Bitcoin price rebounds

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186

Bitcoiner Simon Dixon on bankruptcies and Elon Musk: Hall of Flame

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187

3 reasons why Binances BNB token risks sliding further by March

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188

Ethereum on-chain data suggests ETH sell pressure could be a non-event after the Shanghai upgrade

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189

SEC enforcement action creates a silver lining for GMX, Lido (LDO) and Maker (MKR) price

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190

Ethereums $1.5K support weakens as ETH traders turn slightly bearish

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191

Bitcoin price eyes $22K rebound with BTC market structure not yet broken

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192

Bitcoin price clings to $22K as investors digest the recent SEC actions and CPI report

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193

Why is Bitcoin price up today?

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194

Krakens staking down, FTX post-bankruptcy hell and Binance news: Hodlers Digest, Feb. 5-11

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  • Crypto

Price analysis 3/15: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, SHIB

3 months ago3 months ago15 mins

The United States equities markets tumbled on March 15 after Saudi National Bank, Swiss bank Credit Suisse’s largest investor, said it would not be able to provide any more funding to Credit Suisse due to regulatory limitations.

Investors are nervous because Credit Suisse, which has large U.S. and global operations, warned on March 14 that it had found “certain material weaknesses” in its financial reporting processes for 2021 and 2022. Shares of Credit Suisse plummeted to an all-time low on March 15.

After the events of the past few days, the S&P 500 has given back all its gains for the year and is trading flat. In comparison, Bitcoin (BTC) is holding on to a large part of its gains and is up nearly 47% in 2023.

Trezor Bitcoin analyst Josef Tětek believes the banking crisis could be positive for Bitcoin, as it could emerge as a safe-haven asset.

Daily cryptocurrency market performance. Source: Coin360

Capriole founder and CEO Charles Edwards said that Bitcoin has formed a “bump and run reversal pattern,” which has a target objective of $100,000 and higher. However, Edwards cautioned traders that the pattern could fail, hence it should not be used for building a trading or investment plan.

Could Bitcoin and altcoins rise above their overhead resistance levels and start the next leg of the up-move? Let’s study the charts of the top 10 cryptocurrencies to find out.

Bitcoin price analysis

The bulls propelled Bitcoin (BTC) above the overhead resistance of $25,250 on March 14 but the long wick on the candlestick shows that bears are not ready to surrender without a fight. Strong selling pulled the price back below $25,250.

BTC/USDT daily chart. Source: TradingView

The 20-day exponential moving average, or EMA ($23,012), has started to turn up, and the relative strength index (RSI) is in the positive territory, indicating an advantage to buyers.

If the bulls do not give up much ground from the current level, the possibility of a break and close above $25,250 increases. If that happens, the BTC/USDT pair will complete a bullish inverse head-and-shoulders (H&S) pattern. That will signal a potential trend change. The pair may then sprint toward $32,000.

If bears want to slow down the bullish momentum, they will have to quickly pull the price back below the moving averages.

Ether price analysis

Ether (ETH) soared above the overhead resistance at $1,743 on March 14, but the bulls could not sustain the higher levels. This suggests that the bears are trying to protect the level.

ETH/USDT daily chart. Source: TradingView

If the price consolidates between $1,743 and the 20-day EMA ($1,588), it will suggest that the sentiment has turned positive and traders are buying on dips. That will improve the prospects of a break and close above $1,743. The ETH/USDT pair is then well-positioned for a strong rally toward the psychological level of $2,000.

Contrary to this assumption, if the price turns down and breaks below the moving averages, it will indicate that the ETH/USDT pair may consolidate in a large range between $1,743 and $1,352 for some time.

BNB price analysis

BNB (BNB) turned down from the strong resistance near $318. This suggests that the bears are trying to defend the zone between $318 and $338.

BNB/USDT daily chart. Source: TradingView

A minor positive in favor of the buyers is that they have not allowed the price to break back below the 50-day simple moving average, or SMA ($306). The shallow pullback shows that every minor dip is being purchased.

The bulls will make one more attempt to catapult the price above the overhead zone. If they do that, the BNB/USDT pair can soar toward $400. Contrarily, if the price breaks below the 50-day SMA, the pair may slide to the 20-day EMA ($296). A break below this level will signal an advantage to the bears.

XRP price analysis

XRP (XRP) turned down from the 50-day SMA ($0.38) and formed a Doji candlestick pattern on March 14, indicating indecision among the bulls and the bears.

XRP/USDT daily chart. Source: TradingView

The uncertainty resolved to the downside on March 15, and the price slipped to the strong support at $0.36. If this level is taken out, the XRP/USDT pair could decline to the support line of the channel near $0.32.

On the other hand, if the price stays above $0.36, the bulls will again try to overcome the obstacle at the 50-day SMA and $0.40. If they can pull it off, the pair may pick up momentum and climb to $0.43.

Cardano price analysis

Cardano’s ADA (ADA) accelerated on March 14 and reached the 50-day SMA ($0.36), but the long wick on the day’s candlestick shows that the bears are aggressively selling on rallies.

ADA/USDT daily chart. Source: TradingView

The bears tugged the price back below the 20-day EMA ($0.34) on March 15, which has cleared the path for a possible retest of $0.30. Buyers are likely to protect this level with all their might because the next support is way lower at $0.27.

Alternatively, if the price rebounds from the current level of $0.30, it will suggest that traders are buying on dips. That may keep the ADA/USDT pair range-bound between the 50-day SMA and $0.50 for a few days.

Dogecoin price analysis

Dogecoin’s (DOGE) recovery has reached the downtrend line where the bears are mounting a strong resistance.

DOGE/USDT daily chart. Source: TradingView

The downsloping 20-day EMA ($0.07) and the RSI in the negative territory indicate that bears are in control. Sellers are trying to yank the price below the immediate support at $0.07. If this support collapses, the DOGE/USDT pair may descend to $0.06.

On the contrary, if the price rebounds off the current level, it will suggest that lower levels are attracting buyers. The downtrend line remains the key level on the upside because a break above it could start a relief rally to $0.10.

Polygon price analysis

The relief rally for Polygon’s MATIC (MATIC) is facing stiff resistance at the 50-day SMA ($1.22), which pulled the price below the 20-day EMA ($1.16) on March 15.

MATIC/USDT daily chart. Source: TradingView

The MATIC/USDT pair could plummet to the strong support at $1.05. This is an important level to watch out for because if it cracks, the pair may retest the $0.94 support. A break below this level will open the gates for a potential drop to $0.69.

Another possibility is that the price rebounds off the $1.05 support. If that happens, the bulls will again try to drive the price above the 50-day SMA. If they succeed, the likelihood of a break above $1.30 increases.

Related: 4 signs the Bitcoin price rally could top out at $26K for now

Solana price analysis

The bears are trying to halt the rally in Solana’s SOL (SOL) at the 50-day SMA ($22.40), but the bulls are trying to keep the price above the immediate support at $19.68.

SOL/USDT daily chart. Source: TradingView

This suggests that the bulls will again try to push the price to the downtrend line. This is a vital resistance to keep an eye on because a break and close above it will signal a potential trend change. There is a minor resistance at $28, but it is likely to be crossed. The SOL/USDT pair may then surge toward $39.

Instead, if the price continues lower and falls below $19.68, it will suggest that the bears have not yet given up. The pair may then slump to the strong support at $15.28.

Polkadot price analysis

Buyers tried to drive Polkadot’s DOT (DOT) above the 50-day SMA ($6.42) on March 14, but the bears did not relent. This suggests that higher levels are attracting sellers.

DOT/USDT daily chart. Source: TradingView

Both moving averages have flattened out, and the RSI is just below the midpoint, indicating a status of equilibrium between the bulls and the bears. If the price breaks and sustains below the 20-day EMA ($6.07), the DOT/USDT pair may swing between the 50-day SMA and $5 for a few days.

If buyers kick the price above the 50-day SMA, the pair could pick up momentum and soar toward the neckline of the inverse H&S pattern. On the downside, the bears will have to sink the pair below $5 to indicate a comeback.

Shiba Inu price analysis

Shiba Inu (SHIB) is trading inside a descending channel pattern. The bulls tried to push the price above the channel, but the bears held their ground.

SHIB/USDT daily chart. Source: TradingView

The bears will again try to pull the price below the psychological support at $0.000010. If they manage to do that, the SHIB/USDT pair could fall toward the support line of the channel. The bulls are likely to defend the $0.000008–$0.000007 zone with all their might.

If the price rebounds off this level, it will suggest that the pair may consolidate inside the large range between $0.000018 and $0.000007 for some more time.

In the near term, a break above the 50-day SMA ($0.000012) will tilt the advantage in favor of the bulls. The pair could then attempt a rally to $0.000014 and then to $0.000016.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Tagged: 3/15: ada, analysis bnb BTC crypto doge, dot, eth matic, price shib sol xrp,

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Bitcoin on-chain and options data hint at a decisive move in BTC price
Bitcoin’s volatility has dropped to historically low levels thanks to macroeconomic uncertainty and low market liquidity. However, on-chain and options market data allude to incoming volatility in June. The Bitcoin Volatility Index, which measures the daily fluctuations in Bitcoin’s (BTC) price, shows that the 30-day volatility in Bitcoin’s price was 1.52%, which is less than half of...
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