Cryptocurrencies start the week in negative territory and remain without a clear direction. But in the last few hours, a report was released that reveals that bitcoin could reach $500,000 in 2030, as well as $5,000 million users.
The cryptocurrencies They begin the week in negative territory and continue without a clear direction. ANDl Bitcoin re-drills $27,000 with a drop of more than 1.6% in the last 24 hours. Meanwhile, Ethereum is trading above $1,800 points. The rest of the market operates with a majority of losses of up to 2%. Ripple stands out with an increase of 1.6%.
Why is Bitcoin going backwards?
“It’s been an interesting week for bitcoin, which started with a rally to $28,000 before pulling back to $27,000, more or less where it was last week. A pullback below $26,000 could be a blowas that level has held when it was tested a couple of times last month,” says Craig Erlam, Senior Market Analyst at OANDA.
For his part, Joe DiPasquale, CEO of BitBull Capital, affirms that the focus of the market this week will be the correction and consolidation of prices. “We had been expecting a correction and consolidation between the $25,000 and $27,000 levels and that is what we have been seeing for the last month. While we haven’t had a major test of $30,000, another attempt at the key resistance level wouldn’t be surprising.”, indicated the expert.
The truth is that, despite receiving a boost in the form of the agreement to extend the debt ceiling in the US or the employment data for May, the cryptos seem to continue their lethargy. after completing the worst month of the year so far.
Source: Ambito
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