BTC & ETH Trends for the week

[brives887]

This week for Bitcoin

With a strong bullish engulfing candle on the 4H chart, Bitcoin has effectively broken out of the symmetrical triangle. It has also moved over the MA 100, indicating that it will continue to rise.
In my opinion, a retest of thIt's too soon to foresee the result of this current week, yet in view of the ongoing move, this will be the principal green week, since we have continually tried the lows to get greater liquidity on the lookout, so a bullish move is logical.e 30K zone is needed to close the gap before going on to the 34K zone, where the MA100 is now located on the 1D chart. Trade BTC with mexc.com
In addition, the MFI (Money Flow Indicator) on the LTF (Lower Time Frames) has turned positive, indicating that money is coming back into the market.


This week for ETH
Ethereum then again is as yet battling to close over the balanced triangle, dissimilar to Bitcoin which has previously broken.
On the 4H chart, we can observe a clear breaking point, as well as a climb above the MA 100, which was previously used as support by the bulls.
The next major hurdle that the ETH bulls must overcome is around 2230$.
We see a clear bullish volume increase in the last few days, the MFI has also turned bullish, suggesting that money is entering back in the market. If the bulls defend the 1900 zone, we could see a push towards the 2230$, on the 1D chart the MA100 is currently sitting at 2719$.

[gurunanakji777]

June seems to be a good month for the BTC and ETH as earlier market continuously dropped every month. I hope we will see good movement in June but I can't say the market will turn bullish it's still not good to trust. We have to be more patient and watch the market rather than get trapped.

[surendertakyaan70]

According to me, no significant increase has been seen. Today the price of BTC is $29,303.14 according to coinmarketcap. Which looks the same since last time. A little up and down. Hope. Your words are true. BTC grew and breathed a sigh of relief.

[silkytakyaan86]

Yes, bitcoin which has been running around $29,589.87 to $31,581.77 for some time now. Ethereum which is struggling from the down to up. As you are seeing. There is a slight downturn in the crypto market. A ray of hope appears from their rising prices.

[helin9108]

Currently when I am writing, bitcoin making new low of the day at 28436$ and ether also making new low of 1554$ and volume increased over 10% so more down side left. I have seen even the big experts of crypto are confused with themselves analyzing BTC, Because there is no specific reason for this downtrend so they cant  research on this, it cannot be predicted. So HODL on your bags and don't listen to the FUD, this the future. BTC One year ago was exactly in the same position. Look what happened then it was to the moon. I hope this time it will repeat also.

[Astra]

June seems to be a good month for the BTC and ETH as earlier market continuously dropped every month. I hope we will see good movement in June but I can't say the market will turn bullish it's still not good to trust. We have to be more patient and watch the market rather than get trapped.

June is sometimes a good month for cryptocurrency price growth, if the general market condition at that time was optimistic. However, in such cases of deep declines, the summer months almost never turned to growth. Despite the general expectation of growth in this market, we see that there is now a further fall in prices: the price of bitcoin is now $25,196, and ethereum is -1322 dollars and continues to fall. Apparently, we should not expect a bullish period until autumn.

[yohananaomi]

Yes, bitcoin which has been running around $29,589.87 to $31,581.77 for some time now. Ethereum which is struggling from the down to up. As you are seeing. There is a slight downturn in the crypto market. A ray of hope appears from their rising prices.

with prices continuing to correct at this time and having reached $21K+ for bitcoin, it is certain that all altcoins have also fallen. I don't see any price improvement for now and maybe the next few weeks with the situation continuing to look even more down.
precisely at times like this is the time to increase your investment by continuing to buy so that when it increases tomorrow you will get a decent return.

[Afony]

The markets are falling and there is a rush on the exchanges to buy cryptocurrencies, because of such low prices, everyone replenishes their portfolios with cryptocurrency and invests in every popular project. They know that a long-term investment in cryptocurrency is a profitable investment of their money.

[Alcor]

The markets are falling and there is a rush on the exchanges to buy cryptocurrencies, because of such low prices, everyone replenishes their portfolios with cryptocurrency and invests in every popular project. They know that a long-term investment in cryptocurrency is a profitable investment of their money.

If there was a rush in the cryptocurrency market and everyone would buy the current cryptocurrency that has fallen very low in price, then an increase in demand for it, logically, should lead to an increase in prices. However, we do not observe this either in relation to bitcoin or in relation to promising altcoins. Over the past week, CoinMarketCap shows a drop in the price of bitcoin by 24 percent, and ethereum, like many other altcoins, up to 30 percent or more.
So far, we see the market falling further, and the above forecast of the OP about the possibility of bullish growth turned out to be incorrect. Well, the price movement of cryptocurrencies is very difficult to predict.

[Davide Et Impera]

This week (maybe month) looks like gonna be the lowest point for majority of stable coins.

[Fenix]

June is sometimes a good month for cryptocurrency price growth, if the general market condition at that time was optimistic. However, in such cases of deep declines, the summer months almost never turned to growth. Despite the general expectation of growth in this market, we see that there is now a further fall in prices: the price of bitcoin is now $25,196, and ethereum is -1322 dollars and continues to fall. Apparently, we should not expect a bullish period until autumn.

I have noticed that the price of ethereum has risen decently compared to bitcoin since June. If in mid-June the price of bitcoin was $25,196, and ethereum was $1,322, now the price of bitcoin has fallen to $21,461, while ethereum, on the contrary, has risen to $1,641. Demand for ethereum is growing, apparently due to the upcoming successful completion of the upgrade of this network, which is scheduled for September 16th.
Ethereum in the fall can push the entire market towards the end of the bear season. Let's see what happens in practice.