June Begins with Highly Lucrative Investment Opportunities for Retail Investors in the Crypto Market

Recently, the spotlight has turned towards DTX Exchange after a sudden increase in Bitcoin's price and Fantom's performance.

June begins with promising investment opportunities for retail traders in the crypto market. Recently, the spotlight has turned towards DTX Exchange after a sudden increase in Bitcoin’s price and Fantom's performance. This emerging layer1 blockchain platform offers diversified trading options, including cryptocurrencies, forex, equities, and CFDs.

After a massive sell-off in the crypto market, where Bitcoin dropped below the crucial support level of $70,000, and Fantom struggled to maintain its upper price resistance, the market seems to be recovering.

As Bitcoin price begins to show signs of recovery, rising above $68,000, and Fantom price aims for a 10% rebound after testing its lower support level, here are some key updates to watch out for.

Bitcoin price dropped below the crucial psychological price level of $70,000 after showing signs of a bullish rally. This sell-off occurred as Bitcoin price reached a high of $71,000 in the past week, leading to a price adjustment to around $68,166 at the time of writing.

Despite this price drop, which also affected other cryptocurrencies, Bitcoin price is still showing signs of strength. This is evident in the trading volume, which saw a 11.39% decrease, bringing the trading liquidity to lower levels than usual.

However, technical indicators, such as the RSI, suggest that Bitcoin price could be preparing for another bullish phase. With an RSI of 53, BTC is neither overbought nor oversold, indicating a stable market condition.

Bitcoin price has been showing signs of recovery after reaching a low of $67,893 on May 28. From there, BTC price began to rally once more, reaching highs of $68,667 before making another adjustment.

Now, as Bitcoin price aims to break through the next resistance level, which could lead to another bullish rally, Metaplanet Inc., a Japanese company, is making a bullish move in the crypto market.

According to recent reports, Metaplanet Inc. is planning to purchase Bitcoin (BTC) in a bulk deal, where the company will be investing approximately ¥250 million or around $1.59 million in the leading cryptocurrency.

This move comes as a response to the recent downturn in Bitcoin price, which saw the digital asset drop from all-time highs of $71,000 to lower price ranges.

However, Metaplanet Inc. is known for its bulk purchases of Bitcoin in the past, which might be influencing this decision to acquire more BTC as the market recovers from the sell-off.

After showing signs of weakness in the past week, where Fantom price dropped below crucial support levels, FTM price aims for a 10% rebound after testing its upper resistance.

This recovery began after Fantom price reached a low of $0.76, which acted as the lower support level for the past few days. From there, FTM price began to rise once again, reaching highs of $0.83 before making another adjustment.

Now, as FTM price aims to reach the next resistance level, which could lead to another bullish rally, technical indicators present a mixed outlook.

While the trading volume shows signs of renewed interest and liquidity with a 5% increase in the past 24 hours, which could be a precursor to a rally, especially as the RSI hovers around 52, suggesting that Fantom is neither overbought nor oversold.

However, despite this recovery, FTM price still shows a 4.39% drop in the past week, bringing the current price to $0.81, which might be limiting its potential for a massive rally.

As Bitcoin price continues to touch new heights and both NEAR Protocol and Fantom gears up for their next bullish phase, DTX Exchange is making heads turn with its cutting-edge blockchain technology.

This deFi platform supports trading in high-profile cryptos like Bitcoin and NEAR Protocol and offers a swift gateway to a wider financial arena through forex and equity trades.

The recent mind-boggling financial milestones achieved by DTX are groundbreaking. With over $2 million raised in a private seed round and $579K in a presale to date, DTX is gearing up for its next funding round at an elevated token price of $0.06.

This indicates strong investor confidence and a solid foundation for future growth. Learn more about DTX Exchange and join the community presale now.