Bitcoin’s Grip Holds — But Signs Of Weakness Are Piling Up: Analyst
Bitcoin dominance sits at 60% and has been testing a vital long-run support line. According to market veteran Michaël van de Poppe, that support — the 20-month MA, near 59% — is the signal traders should watch. Related Reading: ‘Good News’ Finally Arrives For SHIB Army As Team Unveils New Update He warned that a confirmed break under that level could flip the market’s favor toward altcoins. Short moves can happen. Big shifts follow. Bitcoin Dominance At A Crossroads Based on reports and chart reads, The 20-month MA has been touched several times recently. In September, Bitcoin dominance....
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According to recent posts from market commentators, XRP has fallen back under pressure as Bitcoin trades near $103,000 and hovers around the $101,000 support level. Related Reading: Bitcoin’s Grip Holds — But Signs Of Weakness Are Piling Up: Analyst A crypto expert, Coach JV, told followers that seeing XRP trade under $2 would be a “blessing” for disciplined buyers. Reports have disclosed that XRP gave up the $2.5 level and now faces bears that could push it to new lows below $2. XRP Drops Near Key Support Based on numbers from market trackers, the broader crypto market lost....
A trend of underperformance against Bitcoin has plagued Ethereum as of late, which has caused buyers to show signs of capitulation Where the ETH trends in the mid-term should depend largely, if not entirely, on whether or not BTC continues rising in isolations Bitcoin’s massive rise as of late has not done much to boost altcoins, as many are still showing signs of weakness at the moment This weakness has been apparent while looking towards […]
Bitcoin fell to a five-month low before staging a modest recovery, testing a crucial support line that traders say could decide the short-term fate of the bull market. Related Reading: Bitcoin’s Grip Holds — But Signs Of Weakness Are Piling Up: Analyst According to Crypto Onchain, Bitcoin hit an intraday low of $98,900 before buyers pushed the price back above $101,000 and later to $103,400 at the time of writing. The top coin’s year-to-date gain sits at close to 10% after peaking at an all-time high of $126,300 in October. Bears Break $107,000 Fortress Based on analysis from Crypto....
The crypto market looks beaten down again, but one veteran investor says that may be the exact signal to stay calm. Related Reading: Bitcoin’s Grip Holds — But Signs Of Weakness Are Piling Up: Analyst Bitwise Chief Investment Officer Matt Hougan believes Bitcoin’s deep sell-off — now dragging prices below $102,000 for the first time since the last five months — is more about panic than fundamentals. Retail Sentiment At ‘Max Desperation’ Hougan told CNBC this week that small traders are hitting a breaking point. “It’s almost a tale of two markets,” he said, describing what he....
Bitcoin’s price has been showing signs of strength throughout the past few hours, finally pushing above $10,600 This strength is tempered, and bulls remain in a precarious position as they struggle to catalyze any sustainable uptrend The entire market has been relatively quiet over the past few days and weeks, with many altcoins drifting lower as BTC shows signs of weakness One analyst is noting that a historical analysis of Bitcoin’s present outlook suggests that […]