Crypto News: Bitcoin Price, ETFs, ETH, WIF, HNT & MORE!!

"given how sudden last week's recovery rally was it's likely BTC will see a slight pullback in the short term the Ballinger ban moving average on the 4-Hour chart suggests a pullback down to around 62k after that btc's recovery rally could continue into the low 70k consistent with the range that BTC has been trading in since late February"

"it's possible though that it could Spike much higher and hit a new all-time high if that happens it could confirm a woff distribution pattern which in turn would suggest a big crash"

"this then begs the question of why and the answer seems to be because eth investors are more concerned about short-term interest rates... Logically then this suggests that eth may not outperform BTC until both short shortterm and long-term rates come down"

"the only way that short-term interest rates will come down is if inflation comes down and the only way that inflation will come down is if the economy weakens in Practical terms this means that the unemployment rate needs to keep Rising if it does then we could see short-term rate expectations come down and that would be sufficient for eth to experience an explosive rally"

"on the bullish side we have the spot ethereum ETFs which will however likely be rejected for technical reasons"

"on the bearish side meanwhile we have the possibility that the SEC will announce that eth is a security something that Bitcoin bull Michael sailor believes will happen this summer"

"seeing as the SEC issued a Wells notice to consensus in early April it's likely that the regulator will follow up with a formal lawsuit sometime later this month"

"consensus Unis Swap and others will likely win in the long term the news could have a devastating effect on the crypto Market in the short term this is all but guaranteed if the lawsuits contain concerning details about ethereum's early ecosystem or history that caus people to question eth"

"h&t doesn't appear to be painting a clear pattern on its long-term price charts but it looks like it could be breaking out of a descending wedge to the upside after a fake out to the downside this could take H nt's price up to around $8 just watch out for the head and shoulders pattern that could form next"

"on its longer term price charts wi appears to have painted a double bottom pattern that could take it as high as $4.5 in the coming days like h&t however a rally up to $4.5 would risk painting an even bigger double top pattern for width that could signal further downside"

"wld appears to painting a double bottom pattern on its long-term price charts that could take its price up to around $7.5 where the wld breaks above that key resistance level depends on whether the open AI partnership materializes or not if it doesn't wld could start grinding lower"

"R ndr also appears to be painting a double bottom pattern which could take its price as high as $12.5 in the coming days like wiff though this could create a double top pattern that results in a big crash"

"akt also painted a double bottom pattern with its recent price action in contrast to the other top performing cryptos akt's pattern could take its price to around $6.5 but again there does seem to be a risk of a double top pattern if akts fails to explode above this target"