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After the price of bitcoin tapped an all-time high above the $67K handle, it then dropped below the $60K zone to $59,510 per unit. Since then, the leading crypto asset…
Bitcoin and several altcoins are attempting to resume their uptrend, but higher levels are likely to witness strong resistance from the bears.
PRQ, HNS and NEAR lead the altcoin market as interoperability and Web 3.0 functionality begin to emerge as the next hot trend in the crypto sector.
Bitcoin’s futures premium hit its highest level in 5 months, but was this the primary reason for BTC’s fall below $60,000?
RUNE looks ready to extend its gains after the reactivation of ETH-based pools resulted in a 78% rally last week.
Traders are watching to see if BTC’s bounce of the 20-day moving average resumes the uptrend. Meanwhile, SOL, AVAX, ALGO and AXS are preparing for a move higher.
Bitcoin is a way off from its $67,000 all-time high, but analysts say historical data and fractals point toward “another leg” up.