Despite a wave of withdrawals from the Bitcoin ETF, the Blackrock fund was distinguished by a new positive day on May 29. ETHEREUM ETHEREM, they continue to attract capital and record several days of incoming flows. With the Bitcoin ATH, on-chain volumes go on the rise. These volumes have been growing since the start of the cycle, and they still show no excess. Will the BTC continue to climb this week? We take stock of the situation of the king of cryptocurrencies in the bulletin of June 2!
Bitcoin’s price drops by 4.5 % in one week
The king of cryptocurrencies has dropped by 8 % Since the top around $ 112,000. Bitcoin course Stagne over the last 24 hoursbut he Records 4.5 % in one week. He climbs 8.6 % in a monthof 25 % in three months and 9.4 % in six months ::
| Pair | 1h | 24h | 7d | 1m | 3m | 6m |
|---|---|---|---|---|---|---|
 BTC/ETH |
0.21% | 1.28% | -1.68% | -20.06% | 5.50% | 61.09% |
 BTC/USDT |
-0.12% | 0.19% | -4.46% | 8.57% | 25.10% | 9.41% |
Bitcoin performance in the face of different pairs. Source : Coincheckup
In the end, the BTC is fragile for a weekbut he displays positive over the last six months. The BTC/ETH pair is increasing from1.3 % in 24 hoursbut she 1.7 % drop in a week and 20 % in a month. Eth outperforms Bitcoin over the last month.
Bitcoin’s course sees red after seven weeks of increase
Since April 7, the Bitcoin course has chained Seven positive weeks. This significant increase allowed during the BTC of exceed the January ATH. But after so much increase, the course pause by registering a Red candle In weekly:
This slight fall does not call into question the upward dynamic. In addition, the course could bounce back around the level at $ 104,000. If this is the case, he could go and get others Ath From this week. In the event of a larger fall, the averages mobile 9 and 18 bruises could serve as a dynamic support. On the other hand, if the course Lose $ 104,000there is always a risk of reviewing the BTC on the Support at $ 92,000.
THE RSI grows upwards and beyond the downstream trendline. Therefore, the buyers have control of the momentum in weekly.
$ 106,000 to take over the BTC
The course of the BTC displays hollows and descending peaks Since the end of May. But there dynamic is always up In 4 hours, and the course could recover. To be able to find theAth at $ 112,000it will be necessary to go back beyond the Mobile averages 9 and 18 and above the Resistance at $ 106,000 ::
The course could continue to fall in the event of Rejection around the resistance at $ 106,000. And in this case, the BTC could return to the Support at $ 102,000. The RSI Momentum indicator validated a Diverge Display in 4 hours With the fall under 35. THE Momentum is a lower in the short term.
Bitcoin’s prices are always in good conditions to start upwards and to validate new ATH. To achieve this, the course will have to keep $ 104,000 in weekly, and it will have to get rid of the resistance at $ 106,000 in 4 hours. After 600 % increase, the BTC could continue to climb to $ 130,000.