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Technical Crypto Indicators 2nd May 2024 -Bitcoin 52k? Ethereum 2.6k?

Updated: May 9

Crypto Technical indicators


BTC Bitcoin & ETH Ethereum

Bitcoin ($BTC) needs to reclaim the $61.4k/$61.5k mark to avoid falling into the $52k range, which seems quite possible. A potential buy zone is indicated if the 200-day moving average aligns, suggesting high confidence.

Ethereum ($ETH) remains above its ascending 200-day moving average, although signs of a downturn are present. The $2650 mark is the next significant level to monitor.

Key support and resistance levels based on the daily chart include: For $BTC, support is around the $52k mark and resistance is just above at $61.5k. For $ETH, support is at the $2650 level and resistance at the $3700 mark.

Levels to monitor for Alt Coins on the daily chart for bullish sentiment :

Bitcoin Cash ($BCH) shows support at the $350 level.

Injective Protocol ($INJ) has support at $18. Maker ($MKR) finds support at $2150.

Tron ($TRX) is supported at $11.10.

Render Token ($RNDR) maintains support at $6.40.

Fetch ($FET) holds support at $1.85.

SingularityNET ($AGIX) has support at $0.66.

Solana ($SOL) has support around the $110

Binance Coin ($BNB) has strong support at the $510 mark.

Chainlink ($LINK) supports at $13.

Immutable X ($IMX) is at $1.80 support.

Avalanche ($AVAX) sees support at $29.

THORChain ($RUNE) has a support level at $4.

Stacks ($STX) is supported at $2.00.

Near Protocol ($NEAR) has its support at $4.20.

When is the top of the BTC Market Cycle?

As Bitcoin stabilizes between its current price and $70,000 following the Halving, the cycle will likely slow down and realign with its typical historical pattern. This pattern usually includes a Halving Cycle culminating in a Bull Market peak around mid-September to October 2025

Bitcoin 52k May 2nd

Disclaimer: The content provided in this article and website is for educational purposes only and is not intended as financial advice. Cryptocurrency investments are highly volatile and risky. There is a potential for significant loss, up to and including the total loss of your investment. Readers are advised to conduct their own research and consider consulting with an independent financial advisor before engaging in any financial transactions based on this information. Neither the author nor this platform assumes liability for financial losses that could occur as a result of using this information


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