Theta – Page 11 – Blockchain

Price analysis 4/5: BTC, ETH, BNB, DOT, ADA, XRP, UNI, LTC, LINK, THETA

Bitcoin and most major altcoins have bounced off their immediate support levels, indicating an increase in bullish sentiment.

Select altcoins could rally higher if Bitcoin and Ethereum hold on to their recent gains.

Following the delay of Theta’s Mainnet 3.0 launch, the token dipped by 25%, but what drives the lively price action of Theta?

Bitcoin’s recovery from its recent lows and the stellar performance from altcoins signal that bulls are confident BTC will retest its all-time high.

Bitcoin’s renewed push above the descending channel trendline suggests bulls are preparing to push BTC and altcoins to new highs.

Bitcoin price bounced off the 50-day moving average but the real test is near $57,500 where the bears are likely to push back.