Price analysis 2/7: BTC, ETH, BNB, ADA, SOL, XRP, LUNA, DOGE, DOT, AVAX
Bitcoin and several altcoins are close to strong resistance levels, which may result in a minor pullback in the short term.
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Bitcoin and several altcoins are close to strong resistance levels, which may result in a minor pullback in the short term.
BTC’s attempt to flip $42,000 to support could pull altcoin traders into ETH, NEAR, MANA and LEO.
BTC and altcoins finally broke above their respective overhead resistance levels, but the actions of traders over the next few days will determine whether bulls are back in control.
Bitcoin and altcoins took an unexpected dip on Feb. 2, signaling that even with $40,000 in sight, the overall sentiment remains negative.
BTC and altcoins are attempting to end January on a positive note by overcoming overhead resistance levels as Bitcoin aims to flip $40,000 back to support.
Recently, death crosses between the 50-day and 200-day exponential moving averages have acted as a reliable predictors of bottoms.
The bearish outlook appears against the backdrop of the Federal Reserve's tightening policies.
BTC is attempting to form a bottom while LINK, HNT, FLOW and ONE are showing early signs of accumulation.
Technical analysis points toward early bottoming signs in BTC and altcoins, but analysts forecast another sharp downside move.
Bitcoin and altcoins are in a strong relief rally, but overhead resistance levels and expected comments from the Federal Reserve could impact the recovery.