BITCOIN – BTC/GBP

Last week, we had advised traders to book profits on 50% of the positions bought at lower levels because a new uptrend is unlikely to start in a hurry. This turned out to be a profitable exercise as Bitcoin turned down from £29,350 on June 15. The 20-day exponential moving average (EMA) failed to act as a strong support when the price turned down from £29,350. . Read more

BITCOIN – BTC/GBP

Bitcoin price GBP we had advised traders to buy 40% of the desired allocation in Bitcoin on a bounce off £21,000. Traders got that opportunity on June 8 when the price rebounded off £21,952.65. Those who bought the dip are already sitting on profits. Read more

ETHEREUM – ETH/GBP

Ethereum price GBP dipped below the support line of the triangle on June 12 but the bears could not capitalize on this breakdown. The ether gbp price rebounded off the support line and has reached the 20-day EMA. This suggests that bulls are buying on dips. If buyers propel the eth to gbp price above the resistance line of the symmetrical triangle, it will suggest that the uncertainty has resolved in favour of the bulls. The pattern target of this breakout is £2,736.22. Read more

RIPPLE – XRP/GBP

Ripple price GBP rebounded off the £0.53566 support on June 8 but the bulls are struggling to push the xrp to gbp price above the 20-day EMA. This suggests that demand dries up at higher levels. The downsloping moving averages and the RSI in the negative territory indicate an advantage to the bears. If the xrp price gbp turns down from the current levels, the bears will make one more attempt to break the £0.53566 support. Read more

CARDANO – LTC/GBP

ADA to GBP bounced off the support at £0.94523 on June 12, indicating that the bulls are defending this support aggressively. The ada gbp price has risen to the moving averages, which are likely to act as a resistance. If the price turns down from the current level or the downtrend line, the ADA/GBP pair could again drop to the £0.94523 support. Read more

BINANCE – BNB/GBP

The BNB Coin rebounded off £225.92 on June 8 as the bulls are attempting to form higher lows. However, the relief rally is facing stiff resistance at the 20-day EMA, indicating the bears have not thrown in the towel yet. The downsloping 20-day EMA and the RSI just below the midpoint suggest the bears have a slight advantage. Read more

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