Altcoins rally as analyst warns Bitcoin is in the '$50K – $60K twilight zone'
Ether, MKR and SOL rally to new all-time highs, while Bitcoin's price is stuck in what one analyst says is a range dominated by bots. Bitcoin (BTC) price is still stuck in what traders hope will be a short-term downtrend as the impact of the April 18 rumors of a crackdown on “unnamed financial institutions” for facilitating money laundering using cryptocurrencies have yet to be shaken off. Data from Cointelegraph Markets and TradingView shows that since being pummeled below the $51,000 level on April 18, the price of BTC has been trading in a range between $52,500 and $57,500 and....
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Ethereum’s price action has underperformed that of Bitcoin as of late, which is a common trend amongst all the major altcoins There’s no question that BTC’s ongoing rally is creating some tailwinds for altcoins, although it has not been enough to spark any parabolic ETH movement This has caused the cryptocurrency to flash some major signs of weakness against its Bitcoin trading pair, which is now sitting within a key long-term demand zone One analyst […]
Altcoins have been moving significantly higher throughout the past few days and weeks, with the DeFi sector, in particular, seeing some immense momentum This comes after a multi-month phase of losses that altcoins faced, with those residing within the DeFi sector being struck particularly hard by this Ethereum’s recent explosive rally higher, however, helped put a firm end to this trend The cryptocurrency did see a retrace last night, however, and it is once again […]
Altcoins have been closely following the movement of bitcoin over the last few weeks but this is no surprise. However, there are times when these altcoins are able to break out of the shadow of the pioneer cryptocurrency and make out a rally for themselves. This is referred to as altcoin season. But while the crypto market waits for this to begin, an analyst has mapped out two assets that may see major upside in the coming days. Two Altcoins Are Ready A crypto market strategist has put forward two altcoins that they believe are headed for a rally. Credible, a pseudonymous analyst with over....
Altcoins, the alternative cryptocurrencies that emerged as counterparts to the dominant Bitcoin, have always held an air of excitement and uncertainty within the volatile world of digital assets. In the ever-evolving landscape of the crypto market, where trends can rise and crumble in the blink of an eye, a notable crypto analyst, Benjamin Cowen, offers […]
Bitcoin price is now over $13,550 and only a few hundred dollars away from setting a higher high and confirming a bull market. But also right around the corner, according to one top crypto analyst, is a “hell candle” in Bitcoin that will crush the cryptocurrency’s recent rally and potentially cause a reversal. Beware Of […]