ClearValue Team Insights
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Altcoin Market Likely to Retest Support
The Altcoin market experienced a nice rebound this week, primarily due to strong inflation data prior to the Sept. 18 fed pivot. However, I think there could be some downside in Sept, and the Altcoin market is likely to retest the lower end of this channel, marked by the light blue circle. I’m leaning towards […]Read More
Bitcoin Struggling to Break $58.4k Resistance
Bitcoin continues to trade under the white resistance zone, and is struggling to break above the $58.4k resistance level. I would continue to monitor for a break or rejection at $58.4k, and I think there should be concerns for more downside in Sept and early October. I think both the bullish and bearish outlook involve […]Read More
Altcoin Market Trading Near the Midrange
The Altcoin market has rallied from the lows of the trading range and has now reached the midrange. I think Bitcoin is showing some concerning resistance at $58.5k, I would carefully monitor the price action to see if Altcoins form a peak here and start trending down. If Bitcoin manages to climb above $58.5k then […]Read More