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A brief technical and on-chain analysis on Bitcoin price. Here, FXStreet's analysts evaluate where BTC could be heading next. Please, subscribe to our YouTube channel, follow us on Twitter @FXScrypto and join our Telegram channel.
 

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Polkadot price could continue the steep decline, and a short opportunity could present itself, but the technicals need more time to establish a clear entry. Invalidation of the bearish downtrend is a breach at $14.50.
ETH price is setting up a classic trading pattern, an opportunity to go short could present itself in the days to come.  Ethereum price sell-off is primarily correlated with the overall sentiment in the crypto market regarding security vs. asset arguments
SafeMoon price action has been a textbook example of volatility and whipsaws. During the Thursday trade session, SafeMoon was up nearly 130%. However, almost all of those gains were promptly sold. Despite the selling, SafeMoon is still 30% higher.
Cardano price action has been some of the most bearish in its history. In fact, The nine-month stretch from September 2021 to May 2022 is arguably the most devastating price action Cardano has ever experienced. 
Bitcoin suffered a massive setback after a minor uptrend due to the FOMC meeting on May 5. While the Fed concluded a 50bps hike in interest rates, the volatility that it brought caused the stock market and BTC to crash.
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