Cryptocurrencies Price Prediction: Dogecoin, Bitcoin & Crypto – European Wrap 5 June
Dogecoin, Shiba Inu, and Pepe at critical support, pullback looms
Meme coins market capitalization is down by over 4% in the day to $59.79 billion at press time, with Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) on a downhill trek as the broader cryptocurrency market remains in a slump due to Bitcoin (BTC) slipping below $105,000. DOGE, SHIB, and PEPE, the top meme coins by market cap, stand at a crucial crossroads, putting key support levels at risk.
Bitcoin price faces six-day consolidation as 20-day EMA caps rebound attempts
Bitcoin price action continues to reflect indecision following its sharp retracement from the all-time high at $112,000. After the surge from $100,700 in mid-May, the bullish momentum stalled, leading to a retracement that has gradually transitioned into a sideways consolidation. This range-bound movement has held for six consecutive days, capped between the Fibonacci 50% level at $106,400 and the 0.786% retracement support at $103,100.
Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC slips under $105K, ETH consolidates, XRP at a crucial support
Bitcoin (BTC) edges lower to near $104,600 at the time of writing on Thursday, while Ethereum (ETH) and Ripple’s (XRP) experience a decline in bullish momentum. BTC and XRP approach a crossroads at crucial support levels, while Ethereum is in consolidation, risking a bearish release of momentum.
Author
FXStreet Team
FXStreet
