Price Analysis 5/22: BTC, ETH, XRP, BCH, BSV, LTC, BNB, EOS, XTZ, ADA
Cointelegraph
Published May 22, 2020 02:16PM ET
Updated May 22, 2020 04:20PM ET
For some reason, Bitcoin (BTC) analysts never take the middle path. They either project that the price will go to the moon or warn of imminent doom. After surviving and thriving for over a decade and being one of the best assets to own during the current crisis, any doubts about its longevity should be put to rest.
On the other hand, for the top-ranked cryptocurrency on CoinMarketCap to replicate the previous bull run, it would first need to break out to new lifetime highs. There are several intermittent resistances between the current levels and the lifetime highs that need to be crossed first. Barring a miracle, this is likely to take time. The time spent in a bottoming formation will strengthen the base and act as a launchpad for the next bull run.
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Written By: Cointelegraph
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