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Today’s market session saw the bears regain control from the bulls. As of press time, the global market cap stood at $2.38T, representing a 0.21% drop over the last 24 hours. Conversely, the trading volume dropped by 23.9% over the last 24 hours to $76.26. Bitcoin Price Prediction Bitcoin (BTC) is also among the gainers in today’s session, as evidenced by its price movements. An in-depth analysis shows that the Bitcoin price is currently touching the upper band of the Bollinger Bands, indicating potential overbought conditions. This could suggest an imminent pullback or consolidation phase. On the other hand, the RSI is at 70.07, just above the overbought threshold of 70. This supports the possibility of a price correction in the near term. If the Bitcoin price closes above the upper Bollinger Band, it could indicate strong bullish momentum. However, a rejection could lead to a move towards the middle band (20 SMA). As of press time, the Bitcoin price stood at $66,938, a 0.12% decrease from its previous 24-hour price. 4-hour BTC/USD Chart | Source: TradingView Ethereum Price Review Ethereum (ETH) is also another gainer in today’s session. Looking at in-depth analysis, we see that The Alligator lines (13, 8, 5) show a recent crossover with the Jaw (blue line) below, Teeth (red line) in the middle, and Lips (green line) on top, indicating a bullish trend. The Awesome Oscillator is above the zero line, showing bullish momentum. The histogram bars are green, reinforcing the uptrend. If the bullish trend continues, the next resistance level could be around 3200 USD. If the price falls below the Alligator lines, it may test support at 3000 USDT. As of press time, the Ethereum price stood at $3,098, a 5% increase from its previous 24-hour price. 4-hour ETH/USD Chart | Source: TradingView…

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Filed under: News - @ May 18, 2024 11:14 am