Price analysis 6/6: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB

Price analysis 6/6: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB – Mail Bonus

After nine weeks in a row of red weekly candles, Bitcoin (BTC) printed a green weekly candle on June 5th. Earlier this week, buyers maintained momentum with a strong weekly opening that raised the BTC price to $ 31,800.

From now on, traders could keep a close eye on the CPI for May, which is expected on 10 June. Depending on the numbers, this could increase volatility as investors digest the report and predict the next possible move by the US Federal Reserve.

Daily performance of the cryptocurrency market. Source: Coin 360

Experts disagree on the next strategy for Bitcoin. While some believe the bottom has been made, others look forward with one foot down. For analyst Bob Loukas, the price change this summer could be uninteresting and he expects the new round to start late this year.

Could bulls keep higher quantities or will bears sell aggressively and reduce prices? Let’s look at the charts of the top 10 cryptocurrencies to find out.