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BTC, ETH, XRP, SOL Price Analysis: 3 Reasons Bitcoin May Consolidate in $120K-$130K Range; XRP MACD Flips Bull
This is a daily analysis of top tokens with CME futures by CoinDesk analyst and Chartered Market Technician Omkar Godbole.
There's every reason to be incredibly bullish here as we face a "Goldilocks" moment for bitcoin: a pro-crypto U.S. President calling for ultra-low interest rates against the backdrop of fiscal splurge and stock market highs. It's an unprecedented alignment of bullish BTC factors.
Price charts show no signs of popular indicators like the relative strength index (RSI) and the moving average convergence/divergence (MACD) diverging bearishly and major averages, 50-, 100- and 200-day simple moving average (SMAs) remain stacked bullishly one above the other on daily and intraday charts.
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