Cryptocurrencies Price Prediction: Bitcoin, 1INCH & Altcoins – European Wrap 31 May
Bitcoin Weekly Forecast: BTC likely to provide another buying opportunity
Bitcoin (BTC) price looks weak on the lower timeframes, which might provide opportunities to accumulate. The daily and weekly charts retain their bullish outlook and suggest that the continuation of the 2023 bull run is not a question of “if” but “when.”
1INCH price likely to provide buying opportunity before a 20% rally
1INCH (1INCH) price falls on Friday, and it is likely to face a further pullback after rallying 15% since Tuesday. However, a price decline towards $0.471-$0.443 could provide an opportunity for sidelined buyers as on-chain metrics and open interest data suggest that this area is a major support zone from which prices could rally by 20%.
The gloom of old Altcoins
The cryptocurrency market increased modestly by 0.35% in 24 hours to $2.53 trillion. Bitcoin rose by 0.7% in that time, Ethereum changed a little, and many altcoins came under slight pressure.
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FXStreet Team
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