Price analysis 6/8: BTC, ETH, BNB, ADA, XRP, SOL, DOGE, DOT, AVAX, SHIB

Price analysis 6/8: BTC, ETH, BNB, ADA, XRP, SOL, DOGE, DOT, AVAX, SHIB – Mail Bonus

Bitcoin (BTC) continues to trade in various areas where local peaks and troughs coincide with increased whale activity in the region, according to the Whalemap chain analysis resource.

Stage action in Bitcoin has kept analysts guessing and some expect the compression to continue for some time, while others foresee one foot lower.

The Glassnode report of 6 June stated that the accumulated realized losses of long-term owners reflected more than 0.006% of the market value on 29 May. This is compared to the maximum 0.015% of market value reached in the years 2018 to 2019. market.

Daily performance of the cryptocurrency market. Source: Coin 360

Along with the amount of the loss, investors may also need to prepare for the long-term low price. The duration of the current loss for long-term investors is only one month old, but the previous loss remained approx. for one year.

Could small trades in Bitcoin and other major altcoins continue? Let’s look at the charts of the top 10 cryptocurrencies to find out.