Price analysis 6/28: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, LTC, MATIC, DOT

Cointelegraph
Cointelegraph

28 Jun 2023 9:29 PM

Data suggests that Bitcoin and select altcoins could be getting ready for a breakout within the next few days. ...

  • BlackRock's filing for a spot Bitcoin ETF has a 50% chance of approval.
  • Fidelity Investments is also planning to launch a Bitcoin spot ETF.
  • Institutional investors are actively pursuing exposure to the crypto space.
  • Retail traders have played a significant role in driving up prices.
  • Bitcoin is currently stuck in a range between $31,000 and $29,500.
  • Ether broke below its narrow range and may decline further.
  • BNB is defending the support level at $230.
  • XRP closed below the 50-day moving average and may face further selling pressure.

The sentiment in the article is mostly positive, highlighting the potential approval of a Bitcoin ETF and the active interest of institutional investors in the crypto space. However, there are also concerns about potential short-term corrections and the decline in XRP's price.

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What is the likelihood of BlackRock's spot Bitcoin ETF getting approved?Which asset manager is planning to launch a Bitcoin spot ETF?How have retail traders impacted the prices of cryptocurrencies?What is the current price range for Bitcoin and what levels should be watched for a breakout or correction?What are the key support and resistance levels for BNB and XRP?

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