Best Crypto to Buy Now July 3 – Cardano, Pyth, Tron
As we progress into the second half of 2024, the cryptocurrency market presents a complex and evolving landscape.
While technical analyses suggest the potential for continued growth, current indicators for market leaders Bitcoin (BTC) and Ethereum (ETH) paint a more cautious picture.
Bitcoin currently trades at $60,509 and has dipped 3.95% in the last 24 hours, showing a bearish trend and strong resistance ahead. Ethereum, which also dropped by 4.23% in the last 24 hours, as per CryptoNews data, mirrors Bitcoin’s bearish sentiment.
Experts are optimistic about the market’s long-term trajectory despite these bearish indicators. Read more from our Bitcoin price prediction.
Some analysts have argued that Bitcoin’s technical analysis already indicates a strong bullish trend overall. BTC trades above key moving averages and is experiencing high trading volumes during price increases.
Some market observers believe Bitcoin must break current resistance levels and surpass its all-time high (ATH) to reach new heights, however .
From a Technical Analysis perspective $BTC has to first break current resistance and prev. ATH of $73k before breaking to higher-highs such as this
Read more on cryptonews.com
