Bitcoin price sets up for an explosive move as ADA, XLM, AAVE and CFX turn bullish
BTC’s tight trading range hints at an eventual breakout, and ADA, XLM, AAVE and CFX could follow.
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BTC’s tight trading range hints at an eventual breakout, and ADA, XLM, AAVE and CFX could follow.
Bitcoin’s failure to clear the overhead resistance at $30,000 is attracting profit-booking in select altcoins.
Bitcoin continues to face resistance near $29,000 and Ether has decided to take charge of the wider crypto markets' bullish momentum.
Macroeconomic headwinds continue to pressure the crypto market, but bulls appear steadfast on holding $28,000 for support and this could provide tailwinds for altcoins.
BTC, ETH, MATIC, HBAR and EOS are likely to pick up momentum if they cross above their respective overhead resistance levels.
Signs of easing inflation could push Bitcoin and select altcoins above their respective overhead resistance levels in the short-term.
The crypto market corrected on news of the CFTC suing Binance and its CEO Changpeng Zhao, but technical charts reveal a silver lining.
Bitcoin price is making another run at $28,000 and this is luring altcoin traders into XRP, LTC, XMR and AVAX positions.
Bitcoin and altcoins could see profit taking and risk-off positioning as the weekend approaches and investor concerns about Deutsche Bank arise.
The banking crisis is a catalyst for the next crypto bull run, in which Bitcoin will likely outperform all crypto assets, says Bloomberg analyst Mike McGlone.