Bitcoin enters a consolidation phase as traders take profit
From Cointelegraph
May 28, 2025 4:05 pm:
Bitcoin remains below $109,588 as bears defend breakout level. Analysts predict mild retracement or consolidation for healthy growth. Glassnode notes weakening RSI, hinting at potential pause in bullish trend. Whales continue to accumulate, supporting bullish sentiment. Critical levels to watch for Bitcoin and altcoins.
Ether struggles to break $2,738 resistance, forms bullish pattern. Break above resistance could lead to rally towards $3,000. Failure to maintain bullish setup may drop Ether to $2,467. XRP trades between moving averages, lacking clear direction. Break below $2 could sink XRP to $1.61.
BNB unable to sustain above $693 resistance, forms ascending triangle pattern. Break above resistance may lead to rally towards $752. Solana consolidates between $169 and $180, with potential up move above $180. Dogecoin faces selling pressure near $0.22. Cardano at risk of drop below $0.70 without strong bounce. Sui faces downward pressure near $3.66. Hyperliquid struggles below $35.73 breakout level. Chainlink finds support at H&S pattern but needs stronger rebound.
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