Price Predictions: Bitcoin, Ethereum & Altcoins – May 12th Analysis

Today’s cryptocurrency market analysis reveals key price movements and potential future trends. Bitcoin experienced profit-taking near $105,819, indicating continued bear activity at higher levels. However, select altcoins are trending upwards, suggesting increased investor interest. The SPX and DXY indices followed suit after the US-China trade deal announcement. Bitwise European Head of Research André Dragosch noted a high level in his proprietary indicator, historically linked to short-term corrections or sideways price action. Mike Saylor’s strategy acquired 13,390 Bitcoin at an average price of $99,856 between May 5th and 11th, expanding his holdings to 568,840. 💰