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Price predictions 5/28: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, HYPE, LINK

  • 3 months ago
  • Wrapped Bitcoin
  • 130Views
Key point: Bitcoin?s market structure is still bullish, even as a phase of profit taking and consolidation sets in. Bitcoin ( BTC ) remains pinned below the breakout level of $109,588, indicating that the bears are fiercely defending the level. Bitfinex analysts said in a market note that profit-taking generally follows after Bitcoin hits a new all-time high after a sharp rally. The report added that a mild retracement or consolidation would be healthy and lay the foundation for the next leg higher. Glassnode had a similar view. In its latest r
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