Price analysis 5/13: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB By Cointelegraph

Price analysis 5/13: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB

CryptocurrencyMay 14, 2022 03:40PM ET

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Price analysis 5/13: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB

Bitcoin (BTC) rebounded sharply after dropping near its realized price of $24,000 on May 12, suggesting some bulls went against the herd and bought the dip. According to on-chain analytics platform CryptoQuant, the exchange balances declined by more than 24,335 Bitcoin on May 11 and 12, indicating that bulls may have started bottom fishing.

However, macro investor Raoul Pal is not confident that a bottom has been made. In an exclusive interview with Cointelegraph, Pal said that if equity markets witness a capitulation phase, crypto markets are also likely to plunge before forming a bottom. He anticipates the current bear phase to end after the United States Federal Reserve stops hiking rates.

Daily cryptocurrency market performance. Source: Coin360

BTC/USDT daily chart. Source: TradingView

ETH/USDT daily chart. Source: TradingView

BNB/USDT daily chart. Source: TradingView

XRP/USDT daily chart. Source: TradingView

ADA/USDT daily chart. Source: TradingView

SOL/USDT daily chart. Source: TradingView

DOGE/USDT daily chart. Source: TradingView

DOT/USDT daily chart. Source: TradingView

AVAX/USDT daily chart. Source: TradingView

SHIB/USDT daily chart. Source: TradingView

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US 30	31,444.4	+182.5	+0.58%
US 500	3,926.1	+24.7	+0.63%
Dow Jones	31,261.90	+8.77	+0.03%
S&P 500	3,901.36	+0.57	+0.01%
Nasdaq	11,354.62	-33.88	-0.30%
S&P 500 VIX	29.52	+0.09	+0.31%
Dollar Index	102.195	-0.978	-0.95%

Crude Oil WTI	111.47	+1.19	+1.08%
Brent Oil	111.16	+1.17	+1.06%
Natural Gas	8.098	-0.080	-0.98%
Gold	1,860.74	+18.64	+1.01%
Silver	22.095	+0.421	+1.94%
Copper	4.2935	+0.0185	+0.43%
US Soybeans	1,711.88	+5.88	+0.34%

SPDR S&P 500	389.63	+0.17	+0.04%
iShares Russell 2000	176.08	-0.45	-0.25%
Invesco QQQ Trust	288.68	-0.90	-0.31%
Direxion Daily Junior Gold Miners Bull 2X Shares	51.54	-0.93	-1.77%
iShares Silver	20.07	-0.20	-0.99%
ProShares Ultra VIX Short-Term Futures	16.01	+0.03	+0.19%
ProShares UltraPro QQQ	27.34	-0.24	-0.87%

Apple	137.59	+0.24	+0.17%
Alphabet A	2,178.16	-29.52	-1.34%
Tesla	663.90	-45.52	-6.42%
Amazon.com	2,151.82	+5.44	+0.25%
Netflix	186.35	+2.87	+1.56%
Meta Platforms	193.54	+2.25	+1.18%
Bank of America	33.86	-0.59	-1.71%

Price analysis 5/13: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB

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