Crypto Price Analysis May 4: BTC, ETH, XRP, BCH, BSV, LTC, BNB, EOS, XTZ, LINK

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In Brief
  • The Bitcoin price has been decreasing since April 30, when it reached a high of $9,460.

  • The Ethereum price has been increasing since March 13, when it reached a bottom.

  • The Tezos (XTZ) price has been decreasing since April 30, when it reached a high of $3.04.

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The Bitcoin (BTC) price increased considerably during the week of April 27-May 4, creating a weekly bullish engulfing candlestick. However, the price failed to confirm a breakout above a key resistance level. The bullish candlestick was the seventh successive green candlestick for BTC. This has not occurred since April 2019, when the last bear market ended. However, even then, the
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Valdrin discovered cryptocurrencies while he was getting his MSc in Financial Markets from the Barcelona graduate school of Economics. Shortly after graduating, he began writing for several different cryptocurrency related websites as a freelancer before eventually taking on the role of BeInCrypto's Senior Analyst.

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