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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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 […]
Multiple indicators show pro and retail traders remain strongly bullish even as Bitcoin price failed to break $20,000. Apart from a brief $18,100 test on Dec. 1, Bitcoin (BTC) markets remained relatively calm over the week. This suggests that investors are beginning to realize that a more extended period of consolidation could be possible after a 77% hike since October.BTC/USD 4-hour chart. Source: TradingViewWhenever the Bitcoin price stabilizes, there is always an increased expectation of an altcoin rally. That hasn't been the case recently, as BTC dominance increased by 0.8% to 63.6%....
Over the weekend, Binance Coin ($BNB) surged by more than 10%, rallying up to $1,087 before leveling off slightly below that mark. While other cryptocurrencies remained largely flat, $BNB remains in a ‘price discovery’ phase, and it could reach new highs soon with strong-enough momentum. While history suggests another potential rebound, the market’s upside momentum is spilling over into altcoins. This season, the best altcoins, such as Best Wallet Token ($BEST), Pepenode ($PEPENODE), and Binance coin ($BNB), are quickly gaining traction. BNB On-Chain Signals Turn Bullish — Is This....
Crypto investors had been moving out of altcoins through the market downtrend due to the high volatility that rocked these digital assets. As a result, the fall in these altcoins was more brutal than that recorded in bitcoin. However, as the tide has begun to turn and the market is looking towards more of a bullish trend, these altcoins have taken their place at the top of the recovering chain, prompting investors to rush back into them. Altcoins Provide More Gains Over time, it has been shown that altcoins record the widest movements during any type of market. So just as they have a high....