Bitcoin price launches 10% rally on Musk comments, but big BTC challenges remain
Bitcoin price breakout from the symmetrical triangle is a bullish development, as it frees the bellwether cryptocurrency to test the formidable resistance between $41,581 and $43,331, offering some encouragement for the broader cryptocurrency complex. Nevertheless, it is imperative to focus on the bigger technical picture and the challenges it highlights for BTC.
Shiba Inu price could soar 65% if SHIB price estimates are correct
Shiba Inu price had been locked in a descending channel since June 3, before overcoming the channel’s upper boundary on June 12 and followed up by today’s 10% gain. The favorable price action developed after a brief decline below the May 19 low, creating a bear trap for some investors. A continuation of the SHIB rebound will be met with solid resistance at $0.00000770.
XRP price still undecided, as bearish Ripple technical signals accumulate
XRP price following the bear flag sell signal on June 3 has trended lower, but without the impulsiveness often characteristic of such patterns. It does not confirm that the signal was false but reflects the explicit support offered by the neckline of a multi-year inverse head-and-shoulders pattern triggered in April. For now, the international settlements token appears range-bound between $0.76 and $1.00.