Price analysis 1/18: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT, LTC, AVAX
Positive U.S. economic data initially propped up crypto and stock markets, but it appears that bulls lack the might to keep the rally rolling.
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Positive U.S. economic data initially propped up crypto and stock markets, but it appears that bulls lack the might to keep the rally rolling.
Bitcoin’s chart shows a tug-of-war between bulls and bears, and this is having a slight impact on the upward price action of most altcoins.
Bitcoin and select altcoins have risen above stiff overhead resistance levels, signaling that the bottoming process may have begun.
A rally in equities markets is providing support to BTC and altcoins, but bulls will likely struggle in keeping the momentum needed to turn overhead resistance levels to support.
Bitcoin and select altcoins are showing signs of starting a sustained recovery over the next few days.
The DXY has turned bearish and that could prove to be a boon for SPX, cryptocurrency and Bitcoin.
Bitcoin and select altcoins remain under pressure as bounces off support levels are being sold into.
Bitcoin and select altcoins have turned down from overhead resistance levels, indicating that bears remain in control.
The S&P 500 may try to move up in the short term and that could trigger a recovery in Bitcoin and select altcoins.
Bitcoin and most major altcoins are trading close to their overhead resistance levels, increasing the likelihood of an upward push.