Bitcoin struggles as a lackluster month for crypto markets comes to a close, Ripple has been a standout of late, on course for a monthly gain of 8%. Where to for Ripple and Bitcoin as June begins?
My previous BTC/USD signal on 24th May produced a very profitable long trade from the bullish rejection of the support level which I had identified at $26,003.
Developments on higher timeframe charts suggest the recent rebound is not a sign of the resumption of the multi-week uptrend. Indeed, chances are that cryptocurrencies could be settling in a range in the interim.
Do you want to see your own news headlines here? Please
contact
us if you are publishing and syndicating high quality
forex/economic news or blogs.