Price Analysis 5/15: BTC, ETH, XRP, BCH, BSV, LTC, BNB, EOS, XTZ, XLM

[SRShanuka2020]

Price Analysis 5/15: BTC, ETH, XRP, BCH, BSV, LTC, BNB, EOS, XTZ, XLM

A month after the first halving, Bitcoin (BTC) moved up by 7% but following the second halving, the price slipped by 10% in a month. This suggests that if history were to repeat itself, the top-ranked cryptocurrency on CoinMarketCap will remain volatile but a large move in either direction is unlikely in the first month. However, the derivatives markets could be giving a signal that this time is different.

This week CME Bitcoin options open interest increased to about $142 million, an increase of over 1000% since the end of April, according to data from Skew. This shows that the options traders are expecting a sharp move in price within the next few days.

There are approximately $661.7 million worth of long positions open, compared to $252 million in short positions, on the three major futures exchanges. This suggests that the futures traders are holding on to their long positions as they are confident that Bitcoin could soon break above the psychological barrier of $10,000.     

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[abdmuiz]

I prefer to hold eth now because there will be a very serious technological surge in the future, but it depends on you personally

[I-Bit]

Should we believe in a prediction. Probably not, but with this, it can be one of the things that we can consider to fave this market era, to support oir analysis on next plan for trading, selling, buying, or holding for long term. But of course,  price analysis is one of the data, not absolute

[Lillian]

Bitcoin (BTC) has risen sharply over the past three days and hit a high of $ 9,941.68 on May 14. However, the bears are not willing to allow the bulls to have a single day of trading. Currently there is strong resistance near $ 10,000.

[Naimah]

Bitcoin SV (BSV) rebound has stalled close to the 20-day EMA ($ 196). Both moving averages are flat, and the RSI is just below the midpoint, which shows a balance between supply and demand. If the price turns down from the 20-day EMA, a retest of $ 170 will be on the cards.

[Rosemaryy]

Stellar Lumens (XLM) is still in an uptrend but the bears have been defending the uptrend line for the past three days. However, the positive thing is that the bulls have not given up much of the ground and have held the price above the 20-day EMA ($ 0.067).