Cryptocurrency

Bitcoin

April

Arweave

strong bull

<div class="coinjournal">
 <p dir="ltr">Cryptocurrency <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a>s did moderately well last week as investors embraced a risk-on sentiment in the financial market. Bitcoin jumped to above $67,000 for the first time in over a month while <u>BitBot</u> continued its token sale, raising millions of dollars. This article focuses on BitBot, Floki, and Arweave.</p>
 <h2 dir="ltr" id="arweave-price-forecast">Arweave price forecast</h2>
 <p dir="ltr"><u>Arweave</u> is one of the biggest players in the web 3 industry with a market cap of over $3 billion. It is disrupting the online storage industry by providing permanent storage solutions for developers. Developers can also launch smart contracts that handle transactions within seconds using its Warp technology.</p>
 <p dir="ltr">Arweave’s price has done well in the past few weeks as it defied the gravity that we have seen in the crypto industry. It jumped to a high of $50 last week, its highest level since January 2022. It has soared by over 1,150% from its lowest point in 2023. Most recently, it has jumped for four straight weeks.</p>
 <p dir="ltr">Turning to the weekly chart, we see that the AR token price has been in a strong bull run in the past few weeks. It has remained comfortably above the 50-week and 25-week Exponential Moving Averages (EMA).</p>
 <p dir="ltr">It is now hovering at $48, its previous highest point this year, meaning that it is forming a double-top pattern, a popular bearish sign. Arweave is also nearing the 50% Fibonacci Retracement level.</p>
 <p dir="ltr">Therefore, while Arweave’s token <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> outlook is bullish, buyers must now move above the crucial resistance level at $49.70. If this happens, the next point to watch will be the 61.8% retracement point at $60.</p>
 <p dir="ltr"><img decoding="async" src="https://cdn.thebittimes.com/images/2024/05/20/9b2921ffbfd6e1983300ec28cf21b3a5.webp" style="width: 100%;height: 397.847px" class="fr-fic fr-dib" width="719" height="397.847"></p>
 <h2 dir="ltr" id="floki-price-prediction">Floki price prediction</h2>
 <p dir="ltr">Like Arweave, the <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> of&nbsp;<u>Floki</u> has defied gravity in the past few weeks. It jumped to a high of $0.0002290 last week, its highest swing since April 2nd. At its highest point this month, the token was up by 105% from its lowest point on April 13th.&nbsp;</p>
 <p dir="ltr">Floki Inu has now pulled back and moved below the 38.2% Fibonacci Retracement level. It has also remained above the 50-day and 25-day moving averages and the lower side of the Andrews Pitchfork tool.&nbsp;</p>
 <p dir="ltr">Therefore, the outlook for Floki is neutral for now. A break below the pitchfork tool will point to more downside, with the next point to watch being at $0.00018. The alternative is where it rebounds and retests last week’s high of $0.00022.</p>
 <p dir="ltr"><img decoding="async" loading="lazy" src="https://cdn.thebittimes.com/images/2024/05/20/23d0fb5e07539b02515900baaab8949d.webp" style="width: 100%;height: 421.087px" class="fr-fic fr-dib" width="761" height="421.087"></p>
 <h2 dir="ltr" id="bitbot-analysis">BitBot analysis</h2>
 <p dir="ltr">The other notable cryptocurrency is BitBot, which has already raised over $3.5 million from global investors. BitBot is a company that seeks to change the trading industry by leveraging the concepts of technical <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> and artificial intelligence (AI).</p>
 <p dir="ltr">It will be a comprehensive trading bot that anyone can use to trade cryptocurrencies like Bitcoin, Ethereum, and Solana. The app will be distributed in Telegram, a leading social media platform with over 900 million users globally.&nbsp;</p>
 <p>Unlike other trading bots, BitBot will have several important <a rel="noopener noreferrer nofollow" title="Category Features" href="https://thebittimes.com/features.html">Features</a>. First, it will be a non-custodial bot, meaning that the developers will not have access to your funds. Second, holders of the $BITBOT token will have access to additional staking rewards. Third, these holders will take part in its governance. You can buy the BitBot token&nbsp;<u>here</u>.</p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/crypto-price-prediction-floki-bitbot-arweave-tbt88877.html">https://thebittimes.com/crypto-price-prediction-floki-bitbot-arweave-tbt88877.html</a></p>

Crypto price prediction: Floki, BitBot, Arweave

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