Price analysis 6/28: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB

Altcoins see another week of rocky trading, while traders are viewing Bitcoin price dips as a buying opportunity, as seen from the fresh inflows into the spot Bitcoin ETFs.

Bitcoin
BTC
tickers down
$61,365
remains stuck in a large range, but the bulls are trying to maintain the price above $60,000. This is a positive sign as it shows the bulls are not waiting for the price to dip to $56,552 before buying. According to Farside Investors data, the spot Bitcoin exchange-traded funds (ETFs) seem to have turned the corner as they attracted net inflows in the past three days.

However, the range-bound action of the past few months and the failure to break out to a new high above $73,777 has resulted in a drop in bullish sentiments across major social media platforms over the past few weeks, per Santiment data. The drop in trader euphoria could be signaling a market bottom, added the crypto analytics firm.

Along with Bitcoin, select analysts are turning positive on Ether. Bitwise chief investment officer Matt Hougan said in a post on X that spot Ether ETFs could attract $15 billion in net inflows within 18 months of their launch.

Will Bitcoin start a recovery to $64,602, or could bears yank the price to $56,552? How are the altcoins expected to behave? Let’s analyze the charts of the top 10 cryptocurrencies to find out.

• Bitcoin price analysis
  Buyers are finding it difficult to push Bitcoin above $62,500 in the near term, but a positive sign is that they have not allowed the price to dip and sustain below $60,000.

If buyers kick the price above $62,500, the BTC/USDT pair will attempt a rally to $64,602. This is a crucial resistance for the bears to defend because a break above it will clear the path for a rise to $70,000.

On the downside, a break and close below $60,000 will signal that the bears are in control. The pair may collapse to the pivotal support at $56,552, where buyers are expected to step in because a break below it may sink the pair to $50,000.

• Ether price analysis
  Ether’s
  ETH

tickers down
$3,388

relief rally is facing selling at the moving averages, indicating that the bears are active at higher levels.

If the price continues lower from the current level, it will suggest that the sentiment remains negative and traders are selling on relief rallies. The bears will try to pull the price below $3,200 and challenge the critical support at $3,000.

Contrary to this assumption, if the price rises above the moving averages, it will suggest the start of a rally to $3,730. If the ETH/USDT pair turns down from $3,730 but finds support at the 20-day EMA, it will improve the prospects of a break above the overhead resistance.

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