RATE Group | Good day for cryptos and much more
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Good day for cryptos and much more

01 Jun Good day for cryptos and much more

Posted at 21:18h in Cryptocurrency News by

General crypto sentiment is strong on the first trading day of the week, with all the majors in the black.

Bitcoin is trading well on Monday after some choppy price action over the last four sessions. The bulls just have not managed to have a clear run at the highs in recent session as every time the BTC/USD pair has a bullish close the next day seems to be a negative one. Price action on Monday as been pretty positive and the pair continues to trade above 9K but fails to hit 10K due to a lack of bullish momentum.

The hourly chart is still making higher highs and higher lows but the next target on the upside continues to be the previous wave high of 9864.00. This is the level that needs to be broken to ensure the bulls get a run at the 10K mark. The price is still trading above the 55 and 200 daily moving averages. The MACD indicator is also looking more positive as the signal lines look like they are crossing again to the upside. The histogram is trading…

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