Price analysis 5/25: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB

Price analysis 5/25: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB – Mail Bonus

Bitcoin (BTC) has struggled to hold above $ 30,800 since May 16, indicating that demand is drying up at a higher level. Similarly, US stock markets have not stopped declining due to uncertainty about the number of interest rate hikes needed to control inflation.

As the market for cryptocurrencies deepens, analysts are becoming very bearish in their predictions about the extent of the fall. Trader and analyst Rekt Capital said that Bitcoin could be in danger of falling to $ 19,000 to $ 15,500 before the bottom is formed.

Daily performance of the cryptocurrency market. Source: Coin 360

However, Arcane Research recently pointed out that buying when Bitcoin’s Fear and Greed Index reaches 8 scores would have yielded an average return of 28.72% in 30 days. It is interesting to note that the index went to 8 on 17 May.

Could Bitcoin slide further and lower altcoins lower or is it time for recovery? Let’s look at the charts of the top 10 cryptocurrencies to find out.