5 altcoins that could turn bullish if Bitcoin price stabilizes
If Bitcoin price stabilizes and begins to consolidate, these five altcoins could see strong upside. The major United States stock market indices continued their decline last week as worsening macroeconomic conditions increased concerns of a global recession. The Dow Jones Industrial Average closed at its lowest level in 2022 and major indices recorded their fifth weekly close in the past six weeks.Although Bitcoin (BTC) has only declined marginally this week, it risks closing at the lowest level since 2020. While a new multi-year weekly close is a negative sign, sellers will have to....
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Quick Facts: 1️⃣ Bitmine just added another 44,036 $ETH ($166M), bringing its total Ethereum holdings to over 3.3M tokens worth $12.7B. 2️⃣ Ethereum is showing strong long-term bullish signals, finding solid support at the 200-day EMA and retesting a key breakout zone around $4K. 3️⃣ As Ethereum stabilizes, now could be the perfect time to […]
Many investors flipped bullish on Bitcoin relative to altcoins over the past few days. This culminated on Monday when BTC gained 3% while the price of top altcoins dropped by 1-10%. Analysts think this trend may continue for the forseeable future. Bitcoin Could Outperform Altcoins in the Months Ahead Many investors flipped bullish on Bitcoin relative to altcoins over the past few days as the leading cryptocurrency has begun to outpace its offspring. This culminated […]
Cardano might just be the next crypto to explode, suggest technical indicators and macro shifts. Bullish patterns have flooded the charts, jolting traders awake. The slowdown in the US job market, on the other hand, hints at an upcoming Fed rate cut. An important SEC ETF decision further adds to the speculation. Together, they could […]
Ethereum appears to be entering a pivotal phase as the market stabilizes around a key support level near $3,800. After a period of correction, technical indicators, structural signals, and price action now suggest the potential for a renewed bullish move. Ethereum Slips Below Key $4,060 Support Ted, in a recent update shared on X, pointed out that Ethereum has slipped below its crucial $4,060 support level, a move that may hint at a short-term bearish phase for the asset. This breakdown has drawn traders’ attention to lower support regions, as Ethereum’s next moves will likely determine....
Multiple indicators show pro and retail traders remain strongly bullish even as Bitcoin price failed to break $20,000. Apart from a brief $18,100 test on Dec. 1, Bitcoin (BTC) markets remained relatively calm over the week. This suggests that investors are beginning to realize that a more extended period of consolidation could be possible after a 77% hike since October.BTC/USD 4-hour chart. Source: TradingViewWhenever the Bitcoin price stabilizes, there is always an increased expectation of an altcoin rally. That hasn't been the case recently, as BTC dominance increased by 0.8% to 63.6%....