What does BTC breaking through 6,000 mean for the market?

FXStreet analyst: After half a year, BTC officially recovered 6,000 and short-term bullish sentiment broke out

FXStreet analyst Rajarshi Mitra's latest analysis pointed out that BTC completed a strong breakthrough of the 6000 integer mark this morning. At present, the daily moving average system has a clear bullish arrangement and the lower moving average support is solid. BTC has stood above 6000 for the first time since November 14 last year, which has further strengthened the short-term bullish sentiment. Although the daily RSI indicator has a correction expectation, as long as the price continues to hold the 5940 first-line support, the expectation of further rise still exists, and stronger resistance is seen at 6250 and 6500.

Tradingview expert: After breaking through $6,000, Bitcoin has room to rise

The latest analysis by Tradingview master Pento_Investment points out that although many people believe that Bitcoin will not break through the psychological barrier of $6,000 in one fell swoop, there is no doubt that the market trend is very strong. It is mainly reflected in: 1) Active trading volume. $6,000 is an important technical and psychological barrier. Obviously, many shorts have arranged short orders. Bitcoin bulls take a steady and steady approach, gradually push up, and let the shorts slowly cut their losses. This is the healthiest trend. 2) The price structure is very healthy. From the pull-up after 4,200, a strongest ascending triangle rising flag was constructed in April. The callback is getting smaller and smaller, and the shorts are increasingly powerless to smash the market. In April, the shorts can still smash from 5,500 to below 5,000 US dollars. After May 1, even with such a big negative impact as the USDT explosion and the Binance theft incident, Bitcoin bulls can quickly regain lost ground and digest the negative impact. 3) After breaking through $6,000 this morning, the bulls did not continue to rush to push up, but slowly maintained the price above $6,000. I believe that many bears are now eager to short. This mentality and operation of the bears will provide the bulls with the next counter-order. Viewpoint: BTC's pull-up this morning is an effective breakthrough of $6,000. Bitcoin's market this year has entered a new stage. The bulls are in full control of the situation and the room for growth has opened up.

NewsBTC analyst: ETH triangle structure is about to break, BTC breaking through 6K may become a key guide

NewsBTC analyst Aayush Jindal's latest analysis points out that in the process of falling and rebounding in the past two trading days, ETH has once again formed a classic convergent triangle structure. With the recent wave of gentle rebound, the remaining space of this triangle is very limited, especially after the price touches the upper track of the triangle again, and the expectation of breaking and redirecting this new consolidation structure in the short term has increased significantly. Considering that BTC's breakthrough of important barriers has boosted the market to a certain extent, the expectation of ETH's upward breakthrough is relatively strong. Once the market breaks through the resistance near 173.30, it is expected to start a new round of accelerated rise, and the strong resistance is at the integer line of 180.

AMBCrypto analyst: XRP's upper resistance is getting stronger and there is still room for short-term decline

AMBCrypto analyst Biraajmaan Tamuly's latest analysis points out that since the middle of last month, XRP's daily chart has been running below the resistance of the recent downward trend line. Although the price has not shown a very strong break and fall, the current trend line and the daily chart Bollinger channel middle track resistance basically overlap, and the upper resistance is gradually strengthening. At the same time, the Fisher conversion indicator is also in a downward trend, further strengthening the short-term bearish expectations. Therefore, it is expected that XRP will fall further in the short term, and the expected decline target is around 0.2920.

HACKED analyst: ADA/BTC is approaching the year's low and stabilizing, there is an opportunity to deploy long orders

HACKED analyst Kiril Nikolaev's latest analysis pointed out that since the beginning of last month, ADA/BTC has been running in a unilateral trend of oscillating decline. However, as the market is approaching the 0.0000106 support line corresponding to the overlap of multiple lows since the beginning of this year, the currency pair's daily RSI indicator has officially reached the severely oversold area. From the indicator level, the expectation of the market rebounding has increased greatly. Once the market can be confirmed to stabilize, you can try to make a new round of long orders at this position. It is recommended to enter the market at 0.0000106 to go long, with the first target of 0.000013, and further break through to 0.0000195, and set the stop loss at 0.0000101.