Bitcoin price got a small boost following news that BlackRock had filed for a spot Bitcoin ETF, but will altcoins follow?
) turned down from the 20-day EMA on June 14, indicating that the sentiment remains negative and bears are selling on rallies.The RSI has dipped back into the oversold territory, indicating that a minor consolidation or a relief rally is possible. If the price turns up from the current level, the DOT/USDT pair could again rise to the 20-day EMA. This remains the key level to watch out for on the upside because a break above it could push the pair to $5.15.
The bears are likely to have other plans. They will try to strengthen their position further by pulling the price below the $4.22 support. If they manage to do that, the pair may slide to $4 and later to $3.50. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.
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