Bittime - The crypto market is in an interesting situation. Let's take a look at how some of the major crypto assets are moving
Bitcoin Nears Top
Bitcoin is on the verge of a record high, approaching the $69,000 mark. Recent Exchange-Traded Fund (ETF) activity indicates a strong start to the week.
The crypto market is anticipating increased volatility, especially as trading hours approach in the United States.
The latest data and initial trading volume of an ETF will influence price movements. The impact of this movement will be very important in determining the direction of prices of other cryptos such as LUNA , FLOKI , AVAX , and CEEK Coin at the weekend.
Check Crypto Prices Today:
LUNA: Weak Performance and Unclear Prospects
LUNA's rise stalled after reaching its peak. The arrest of Do Kwon (Crypto asset developer) in March, rather than his expected return, was the most significant event. LUNA price is currently struggling to stay above $1.18.
There is a possibility of further downside, retesting the $0.84 and $0.78 support levels. A break above $0.965 could trigger a rally towards higher resistance, with the main target at $1.5 if market conditions are favorable.
However, the long upper wick on the chart is a warning for investors to prepare for a potential rapid price decline.
Also Read: Be alert! Hodler's Wholesale Action Can Trigger Bitcoin Price Explosion!
FLOKI: Price Stable with Potential for Increase
Currently, the value of FLOKI Coin is stable above $0.000156. The price may return to this level in the event of a market downturn.
If FLOKI manages to strengthen back above $0.000256, then it has the potential to approach and even surpass its record high.
Investors are optimistic about staying put, considering there was no major sell-off at higher price points.
Also Read How to Buy Crypto:
AVAX: Predictions amidst Market Uncertainty
Market sentiment for AVAX is mixed. Optimistic (bullish) investors maintain support at $45.4 in the hope that Bitcoin will recover.
However, if their hopes do not come true, AVAX price may fall to the $41 and $38 zones. The price's inability to stay above the $50 breakout point indicates an ongoing bearish trend.
CEEK: Struggling to Keep Up with Market Sentiment
The value of CEEK Coin has dropped to $0.074, and a further downward trend to $0.064 and $0.058 seems likely amid continued selling pressure.
CEEK's difficulty staying above $0.1, coupled with waning interest in metaverse-related assets, paints a gloomy picture for its future.
How to Buy Crypto on Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn Complete Guide How to Buy Crypto on Bittime .
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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