• bitcoinBitcoin (BTC) $ 66,973.00
  • ethereumEthereum (ETH) $ 3,102.49
  • tetherTether (USDT) $ 1.00
  • bnbBNB (BNB) $ 579.95
  • solanaSolana (SOL) $ 173.20
  • usd-coinUSDC (USDC) $ 0.999811
  • staked-etherLido Staked Ether (STETH) $ 3,097.07
  • xrpXRP (XRP) $ 0.523525
  • the-open-networkToncoin (TON) $ 6.55
  • dogecoinDogecoin (DOGE) $ 0.156471
  • cardanoCardano (ADA) $ 0.482139
  • shiba-inuShiba Inu (SHIB) $ 0.000025
  • avalanche-2Avalanche (AVAX) $ 37.11
  • tronTRON (TRX) $ 0.124273
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 67,074.00
  • polkadotPolkadot (DOT) $ 7.19
  • bitcoin-cashBitcoin Cash (BCH) $ 481.62
  • chainlinkChainlink (LINK) $ 16.18
  • nearNEAR Protocol (NEAR) $ 8.02
  • matic-networkPolygon (MATIC) $ 0.716394
  • litecoinLitecoin (LTC) $ 84.14
  • internet-computerInternet Computer (ICP) $ 13.04
  • fetch-aiFetch.ai (FET) $ 2.35
  • uniswapUniswap (UNI) $ 7.52
  • leo-tokenLEO Token (LEO) $ 5.90
  • daiDai (DAI) $ 1.00
  • pepePepe (PEPE) $ 0.000010
  • ethereum-classicEthereum Classic (ETC) $ 28.66
  • hedera-hashgraphHedera (HBAR) $ 0.115035
  • render-tokenRender (RNDR) $ 10.05
  • aptosAptos (APT) $ 8.63
  • wrapped-eethWrapped eETH (WEETH) $ 3,218.23
  • first-digital-usdFirst Digital USD (FDUSD) $ 1.00
  • immutable-xImmutable (IMX) $ 2.39
  • cosmosCosmos Hub (ATOM) $ 8.68
  • crypto-com-chainCronos (CRO) $ 0.125558
  • mantleMantle (MNT) $ 1.01
  • filecoinFilecoin (FIL) $ 5.90
  • stellarStellar (XLM) $ 0.108614
  • arweaveArweave (AR) $ 47.72
  • blockstackStacks (STX) $ 2.13
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 3,047.76
  • okbOKB (OKB) $ 50.16
  • the-graphThe Graph (GRT) $ 0.317611
  • kaspaKaspa (KAS) $ 0.121623
  • dogwifcoindogwifhat (WIF) $ 2.81
  • optimismOptimism (OP) $ 2.58
  • arbitrumArbitrum (ARB) $ 1.03
  • vechainVeChain (VET) $ 0.036065
  • makerMaker (MKR) $ 2,820.86
  • bittensorBittensor (TAO) $ 381.63
  • suiSui (SUI) $ 1.08
  • moneroMonero (XMR) $ 134.97
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • injective-protocolInjective (INJ) $ 24.87
  • thorchainTHORChain (RUNE) $ 6.85
  • theta-tokenTheta Network (THETA) $ 2.23
  • fantomFantom (FTM) $ 0.789452
  • flokiFLOKI (FLOKI) $ 0.000210
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,431.15
  • celestiaCelestia (TIA) $ 9.48
  • jupiter-exchange-solanaJupiter (JUP) $ 1.28
  • coredaoorgCore (CORE) $ 1.88
  • sei-networkSei (SEI) $ 0.562658
  • bonkBonk (BONK) $ 0.000025
  • galaGALA (GALA) $ 0.045148
  • lido-daoLido DAO (LDO) $ 1.79
  • bitget-tokenBitget Token (BGB) $ 1.09
  • algorandAlgorand (ALGO) $ 0.183837
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,200.29
  • ondo-financeOndo (ONDO) $ 0.985335
  • quant-networkQuant (QNT) $ 97.63
  • whitebitWhiteBIT Coin (WBT) $ 9.86
  • akash-networkAkash Network (AKT) $ 5.99
  • flowFlow (FLOW) $ 0.901529
  • aaveAave (AAVE) $ 88.35
  • bitcoin-svBitcoin SV (BSV) $ 66.16
  • singularitynetSingularityNET (AGIX) $ 0.978250
  • beam-2Beam (BEAM) $ 0.024555
  • bittorrentBitTorrent (BTT) $ 0.000001
  • flare-networksFlare (FLR) $ 0.028350
  • dydx-chaindYdX (DYDX) $ 2.06
  • neoNEO (NEO) $ 15.64
  • elrond-erd-2MultiversX (EGLD) $ 40.63
  • cheeleeCheelee (CHEEL) $ 19.20
  • zebec-protocolZebec Protocol (ZBC) $ 0.021437
  • chilizChiliz (CHZ) $ 0.122044
  • axie-infinityAxie Infinity (AXS) $ 7.49
  • ethenaEthena (ENA) $ 0.718677
  • worldcoin-wldWorldcoin (WLD) $ 4.95
  • msolMarinade Staked SOL (MSOL) $ 203.91
  • gatechain-tokenGate (GT) $ 7.97
  • the-sandboxThe Sandbox (SAND) $ 0.448335
  • wormholeWormhole (W) $ 0.561819
  • tokenize-xchangeTokenize Xchange (TKX) $ 12.46
  • jasmycoinJasmyCoin (JASMY) $ 0.020266
  • ecasheCash (XEC) $ 0.000049
  • eosEOS (EOS) $ 0.823074
  • safeSafe (SAFE) $ 2.21
  • kucoin-sharesKuCoin (KCS) $ 9.82
  • tezosTezos (XTZ) $ 0.939700
  • aioz-networkAIOZ Network (AIOZ) $ 0.833031
  • conflux-tokenConflux (CFX) $ 0.224402
  • roninRonin (RON) $ 2.79
  • mina-protocolMina Protocol (MINA) $ 0.810053
  • havvenSynthetix Network (SNX) $ 2.68
  • ordinalsORDI (ORDI) $ 41.48
  • book-of-memeBOOK OF MEME (BOME) $ 0.012339
  • starknetStarknet (STRK) $ 1.16
  • decentralandDecentraland (MANA) $ 0.435529
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 3,096.52
  • ribbon-financeRibbon Finance (RBN) $ 0.820924
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,125.32
  • gnosisGnosis (GNO) $ 306.72
  • apecoinApeCoin (APE) $ 1.26
  • lido-staked-solLido Staked SOL (STSOL) $ 203.32
  • heliumHelium (HNT) $ 4.73
  • pendlePendle (PENDLE) $ 4.84
  • dexeDeXe (DEXE) $ 13.01
  • nexoNEXO (NEXO) $ 1.32
  • kavaKava (KAVA) $ 0.675138
  • usddUSDD (USDD) $ 0.998242
  • iotaIOTA (IOTA) $ 0.220015
  • theta-fuelTheta Fuel (TFUEL) $ 0.109745
  • nervos-networkNervos Network (CKB) $ 0.016122
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.68
  • pyth-networkPyth Network (PYTH) $ 0.464733
  • axelarAxelar (AXL) $ 1.04
  • echelon-primeEchelon Prime (PRIME) $ 17.58
  • klay-tokenKlaytn (KLAY) $ 0.180737
  • fraxFrax (FRAX) $ 0.997884
  • ocean-protocolOcean Protocol (OCEAN) $ 0.981705
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000109
  • oasis-networkOasis Network (ROSE) $ 0.093158
  • livepeerLivepeer (LPT) $ 19.43
  • frax-etherFrax Ether (FRXETH) $ 3,078.67
  • bitcoin-goldBitcoin Gold (BTG) $ 35.55
  • fasttokenFasttoken (FTN) $ 1.98
  • sats-ordinalsSATS (Ordinals) (SATS) $ 0.00000030
  • mantra-daoMANTRA (OM) $ 0.743086
  • blurBlur (BLUR) $ 0.377601
  • tether-goldTether Gold (XAUT) $ 2,413.57
  • swethSwell Ethereum (SWETH) $ 3,266.98
  • jito-governance-tokenJito (JTO) $ 4.74
  • dydxdYdX (ETHDYDX) $ 2.06
  • osmosisOsmosis (OSMO) $ 0.870259
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 3,315.35
  • woo-networkWOO (WOO) $ 0.300149
  • illuviumIlluvium (ILV) $ 84.49
  • xdce-crowd-saleXDC Network (XDC) $ 0.036412
  • golemGolem (GLM) $ 0.540829
  • wemix-tokenWEMIX (WEMIX) $ 1.50
  • astarAstar (ASTR) $ 0.093303
  • curve-dao-tokenCurve DAO (CRV) $ 0.432461
  • arkhamArkham (ARKM) $ 2.38
  • true-usdTrueUSD (TUSD) $ 1.00
  • pepecoin-2PepeCoin (PEPECOIN) $ 4.36
  • raydiumRaydium (RAY) $ 1.91
  • 0x0x Protocol (ZRX) $ 0.588988
  • aerodrome-financeAerodrome Finance (AERO) $ 1.08
  • staked-frax-etherStaked Frax Ether (SFRXETH) $ 3,356.96
  • iotexIoTeX (IOTX) $ 0.051000
  • apenftAPENFT (NFT) $ 0.00000049
  • superfarmSuperVerse (SUPER) $ 1.06
  • memecoin-2Memecoin (MEME) $ 0.026191
  • dymensionDymension (DYM) $ 2.74
  • enjincoinEnjin Coin (ENJ) $ 0.322318
  • radixRadix (XRD) $ 0.044883
  • celoCelo (CELO) $ 0.868357
  • mx-tokenMX (MX) $ 4.73
  • polymeshPolymesh (POLYX) $ 0.441026
  • venomVenom (VENOM) $ 0.281321
  • ethereum-name-serviceEthereum Name Service (ENS) $ 14.85
  • 1inch1inch (1INCH) $ 0.397460
  • trust-wallet-tokenTrust Wallet (TWT) $ 1.10
  • ankrAnkr Network (ANKR) $ 0.044987
  • stepnGMT (GMT) $ 0.223109
  • altlayerAltLayer (ALT) $ 0.322959
  • pax-goldPAX Gold (PAXG) $ 2,390.71
  • biconomyBiconomy (BICO) $ 0.563697
  • zilliqaZilliqa (ZIL) $ 0.023874
  • nosanaNosana (NOS) $ 5.25
  • popcatPopcat (POPCAT) $ 0.435025
  • magaMAGA (TRUMP) $ 9.07
  • siacoinSiacoin (SC) $ 0.007306
  • reserve-rights-tokenReserve Rights (RSR) $ 0.008176
  • ravencoinRavencoin (RVN) $ 0.029730
  • terra-luna-2Terra (LUNA) $ 0.596666
  • project-galaxyGalxe (GAL) $ 3.54
  • arcblockArcblock (ABT) $ 4.16
  • holotokenHolo (HOT) $ 0.002292
  • manta-networkManta Network (MANTA) $ 1.62
  • ether-fiEther.fi (ETHFI) $ 3.47
  • amp-tokenAmp (AMP) $ 0.007115
  • paypal-usdPayPal USD (PYUSD) $ 0.998896
  • corgiaiCorgiAI (CORGIAI) $ 0.001159
  • rocket-poolRocket Pool (RPL) $ 19.41
  • zetachainZetaChain (ZETA) $ 1.67
  • compound-governance-tokenCompound (COMP) $ 57.00
  • qtumQtum (QTUM) $ 3.70

Bitcoin Technical Analysis: Bulls Seek to Regain Upward Momentum

0 14

As of May 10, 2024, bitcoin exhibits a promising recovery trajectory, albeit amidst mixed market signals across various technical frameworks. Following an intraday fluctuation ranging from $60,954 to $63,388, at present, bitcoin is coasting along values between $62,861 to $63,272 per unit, suggesting a market grappling with both bullish and bearish sentiments.

Bitcoin

Bitcoin’s (BTC) market capitalization stands strong today at $1.23 trillion with a trade volume of $25.37 billion over the past 24 hours, reflecting significant trader interest. Bitcoin’s oscillators predominantly indicate neutrality, with the relative strength index (RSI) at 48 and the commodity channel index (CCI) close to zero, suggesting a balance between buying and selling pressures.

Bitcoin Technical Analysis: Bulls Seek to Regain Upward Momentum

BTC/USD daily chart.

However, the momentum oscillator at 2353 and the moving average convergence divergence (MACD) level at -792 lean towards a bullish signal, hinting at underlying strength. On the other hand, moving averages (MAs) paint a divergent picture: short-term exponential moving averages (EMAs) and simple moving averages (SMAs) for 10 and 100 days suggest bullish opportunities, whereas longer EMAs and SMAs for 20, 30, and 50 days show bearish sentiment, reflecting a market in transition.

Bitcoin Technical Analysis: Bulls Seek to Regain Upward Momentum

BTC/USD 4-hour chart.

The 1-hour chart reveals a sharp increase to a peak of $63,876, followed by stabilization around $63,000, indicating a short-term resistance level. Entry could be considered around the support zone of $62,500, particularly if bullish patterns emerge. The 4-hour chart highlights a recent recovery from a low of $60,634, showcasing potential resistance near $65,500.

The daily chart underscores a bearish trend from a high of $72,756 to $56,500 over the last month, with a nascent attempt at recovery. This longer view suggests caution, advising investors to watch for sustained bullish signals before committing to longer-term positions. Currently, bulls are aiming to test upper resistance as we approach the weekend, despite encountering some obstacles along the way.

Bull Verdict:

The outlook remains optimistic for bitcoin as it shows resilience in testing upper resistance levels. Increased trading activity and positive movements in short-term indicators suggest potential for further gains. Traders should consider strategic entries when the market begins to demonstrate solid signs of upward momentum.

Bear Verdict:

Caution is advised due to the mixed signals from longer-term MAs and persistent resistance levels. The prevailing uncertainty, coupled with potential overhead barriers, could limit BTC’s upward progress and increase the risk of a downturn. Traders may want to prioritize risk management and remain alert to any shifts toward bearish trends.

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