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Cryptocurrencies Price Prediction: Bitcoin, Ethereum & GMT — Asian Wrap June 13

Cryptocurrencies Price Prediction: Bitcoin, Ethereum & GMT — Asian Wrap June 13
FXStreet TeamFXStreet TeamFXStreet

Bitcoin long positions signal retail traders attempt to buy the dip

Retail traders appear to be confident about a Bitcoin (BTC) price rebound despite the correction seen on Tuesday, data on long and short positions shows, as the largest crypto asset by market capitalization holds above $67,000. 

Ethereum poised for recovery following increased exchange outflows

Ethereum (ETH) is up more than 3% on Wednesday following huge exchange outflows, increased whale buying pressure and the US Consumer Price Index (CPI) for May reporting reduced inflation.

GMT price poised for a 10% rally as technical indicators signal bullish momentum

GMT price surged beyond the confines of its downward channel pattern, buoyed by a bullish divergence indicated by both the Relative Strength Index (RSI) and the Awesome Oscillator (AO), potentially paving the way for an upward rally.

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