Crypto Analysts Issue Warnings and Updates on Bitcoin and Top Altcoins

1 min read
Source: Cointelegraph
Crypto Analysts Issue Warnings and Updates on Bitcoin and Top Altcoins
Photo: Cointelegraph
TL;DR Summary

Bitcoin remains below $30,000, but MicroStrategy has added 1,045 Bitcoin to its treasury. A survey by Brown Brothers Harriman shows that 74% of institutional investors are interested in adding exposure to cryptocurrency-related exchange-traded funds. Ether rebounded off the 20-day EMA and broke above the overhead resistance at $1,857. Binance Coin's fall below the $306 support was aggressively purchased by the bulls. XRP dipped below the 38.2% Fibonacci retracement level of $0.49 but showed solid buying at lower levels. Cardano's price is getting squeezed between the 20-day EMA and the neckline of the inverse H&S pattern.

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