Analyst: Altcoin Downside Extremely Limited as Bitcoin Remains Stable
Bitcoin has been stable in the time following its $13,800 rejection, with bulls gaining some momentum as the cryptocurrency flashes continued signs of strength Although it is not showing any overt signs of weakness at the moment, altcoins have been capitulating throughout the past few days and weeks, with many posting immense losses Analysts are now noting that altcoins may be in the process of forming mid-term bottoms One trader is noting that downside on […]
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The downside of Bitcoin is limited in the short term as BTC attempts to recover from a steep pullback. Throughout the past few days, the sell-side pressure from all sides has intensified. Bitcoin miners have sold their holdings at a scale unseen for over three years. On top of this, the inflow of whale-associated BTC into exchanges has substantially spiked. The combination of the two data points indicates that miners and whales have been selling in tandem.Bitcoin continues to trade under $18,000 following a week of aggressive selling from whales, miners and, possibly, institutions.....
Crypto analyst Cyril has predicted that altcoin season could be on the horizon as Bitcoin dominance cools off. Crypto analyst Mark also flagged that the business cycle remains in an expansion stage, which could be bullish for altcoins. Altcoin Season On The Cards If Bitcoin Dominance Cools Off In an X post, Cyril noted that […]
A recent downside correction in the Bitcoin market has done little to offset its long-term bullish bias, indicates Robbie Liu. The OKEx investment analyst listed a flurry of trading data readings that showed the cryptocurrency facing limited downside risks. He noted that the last week’s “Musk rally” of more than $6,000 helped the bullish sentiment […]
Crypto analyst Klejdi has assured that the XRP bullish structure remains intact despite the recent pullback. The analyst indicated that the pullback is part of the bigger picture, while highlighting three targets the altcoin could hit once it reverses to the upside. XRP Bullish Breakout Still On The Horizon In a TradingView post, Klejdi suggested […]
Crypto analyst Fergani has predicted that the biggest altcoin season will happen this year. The analyst also revealed the catalyst that will drive this bullish momentum for altcoins, as he noted that this could be the latest real run for these crypto assets. Analyst Predicts This Year Will Be The Biggest Altcoin Season Ever In […]