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Bitcoin surged above $28,000 on Tuesday, marking the largest short squeeze this month as traders faced $36.6 million in liquidations. The surge coincided with major financial services institutions announcing crypto initiatives, including Deutsche Bank’s digital asset custody license application and BlackRock’s spot BTC ETF filing. These developments indicate increased exposure to digital assets in traditional finance.

The LUNC price recently rebounded from $0.000082 support, breaching the overhead trendline with a bullish breakout. With Terra Classic’s v2.1.1 Parity upgrade proposal passed, LUNC buyers aim to reach a resistance level of $0.000103, potentially driving prices 7-8% higher. Investors should conduct thorough research before making any decisions.

Ethereum’s price decreased by 9.3% and may further plummet to a support trendline at $1651, with minor consolidation at the $1700 support level. Three key transitions affecting the network’s growth are being watched closely, while Ethereum may experience a minor relief rally and the daily RSI indicated oversold territory.

The cryptocurrency market experienced a large-scale liquidation event following the US SEC lawsuit against Binance and Coinbase. Ethereum lost its crucial monthly support of $1775-$1765, suggesting an extended correction phase. Market signals indicate that if the $1765 support level breaks, Ethereum’s price could tumble further.

The Binance Coin (BNB) price has witnessed a significant downtick following a lawsuit against Binance and its CEO. However, the symmetrical triangle pattern on the weekly timeframe chart indicates traders can maintain a bullish outlook as long as the pattern remains intact, suggesting potential growth opportunities in spite of the sell-off.

Amid the recent crypto market sell-off, Ethereum price witnessed a minor pullback that retested the breached trendline of the wedge pattern, signaling an early sign of the end of the correction phase. The wedge pattern breakout indicates a potential recovery rally with a target of $2000, as the market sentiment shifts from selling to buying. However, investors should remain cautious and monitor factors driving the Ethereum price.

The US Dollar’s remarkable uptrend since late April raises concerns due to its inverse correlation with Bitcoin (BTC). A continued dollar uptrend could affect BTC prices, but divergent signals suggest the rally may be nearing its end. Bitcoin whales have been increasing their holdings since April 17, coinciding with BTC’s year-to-date high.

Bitcoin rebounds to $27,800 but remains on track for its first monthly loss since December, down approximately 5%. The lackluster performance is due to changing Fed rate expectations and the strengthening USD. Experts believe a new market driver is needed for Bitcoin’s price to rise.

In this week’s market overview, Bitcoin and the S&P 500 Index observed a recovery driven by debt ceiling deal expectations. Bitcoin’s diminishing supply and the rising “Hodled and Lost Coins” metric indicate a positive trend for crypto enthusiasts. However, traders should remain cautious and monitor market movement, resistance levels, and potential sudden changes.

Ethereum recently experienced a price breakout on May 28th, signaling a potential trend reversal. With a high volume of buyers, Ethereum’s market value could climb 12.2% to hit $2132. However, investors must vigilantly observe market conditions as resistance levels remain crucial to maximize success in the volatile market.

The crypto market witnessed a significant uptick in buying activity, resulting in notable price gains for major cryptocurrencies, including Ethereum. Ethereum’s recent price surge faces resistance at $1870, and sellers’ strong defense suggests a possibility of a bearish reversal. Key pivot levels and the average directional index indicate potential market fluctuations.

XRP price witnesses a 2.1% jump, potentially breaking the bear’s grip and signaling a trend reversal. A breakout from the channel pattern’s resistance trendline could lead to a swift 5% jump towards the $0.5 mark, provided buyers maintain their position and trading volume provides sufficient confirmation.

Ethereum price has experienced a tight consolidation recently, forming an ascending triangle pattern. A bullish breakout and crossover from 20 and 50 EMA could attract more buying orders, pushing the price towards $1900. However, a strong resistance trendline could result in a reversal, with a key breakout signal being crucial for bullish growth.

The US debt ceiling situation may significantly impact stocks and cryptocurrency markets, with potential “catastrophic” global consequences. The outcome could lead investors to sell off stocks and cryptocurrencies and purchase high-yield Treasury bills. However, Bitcoin may rally in the coming weeks amid a weakening US dollar dominance.

The surge of Bitcoin towards $27,000 has generated excitement among traders. Crypto Ed suggests potential targets including a CME gap between $26,500 and $26,800. The unfolding US debt ceiling crisis may impact Bitcoin, leading to increased volatility and decreased liquidity in the coming weeks.

Bitcoin’s recent preservation of key trend lines indicates potential for higher continuation, with some analysts projecting a $38,000-42,000 range. However, the strong U.S. dollar strength may counterbalance this growth. Monitoring the interplay between crypto and the dollar remains essential for investors.

Bitcoin price showed a breakdown attempt from the monthly support of $27,000-$26,786 on May 12th, but buyers defended the support, suggesting a possible bullish reversal. The current correction phase is governed by a resistance trendline, with Bitcoin trading at $26,874 and an intraday loss of 0.12%. A breakout could signify uptrend resumption and re-challenge the $31,000 peak.

As Bitcoin nears the $25,000 support level, its future trajectory is uncertain due to factors like increased regulatory scrutiny, concerns around the Grayscale GBTC Trust Fund, and the strong US dollar. Technical indicators suggest a potential bullish rebound if Bitcoin stays above $26,000, but challenges remain.

Bitcoin drops to a two-month low of $26,188 amid rising dollar strength and slowdown in Ordinals hype. The entire crypto market reported a 3% loss, with total liquidations reaching $143 million. Despite these events, it’s crucial for crypto enthusiasts to focus on the potential advantages of blockchain technology and foster an informed community.

A perfect storm may be brewing for Bitcoin traders as experts predict higher market volatility due to U.S. government debt discussions and increased stress from the banking sector. Traditional market analysts expect a significant volatility spike, which could impact Bitcoin’s price, presenting exciting opportunities for crypto enthusiasts.

Meme coins recently witnessed a trading volume of $2.3 billion, a significant increase from the previous week. This craze, led by Pepecoin, raises potential implications for the broader market and can sometimes foreshadow bearish reversals in Bitcoin.