Ethereum price risks dropping to $2K on ‘bear flag’ setup
The bearish outlook appears against the backdrop of the Federal Reserve's tightening policies.
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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.
Bitcoin and most altcoins have fallen to key support levels, but the current trading setup suggests traders lack the confidence to chase after an oversold bounce.
BTC is oversold and possibly ready for a relief bounce, but this could be a trap for altcoins and Bitcoin if bull volume fails to sustain.
Bitcoin and most major altcoins are close to breaking below critical support levels and traders’ reluctance to buy in the current range could exacerbate the sell-off.
Prices of $42,000 per Bitcoin were more than enough ammunition for well-known Bitcoin bears to reload.
Bitcoin and most major altcoins are facing selling at higher levels and buying on dips, signaling a consolidation in the short term.
Bitcoin and most major altcoins have risen from their respective support levels, indicating an improving sentiment.