Bitcoin dipped below $54.4k, but I think the price action looks fine. This drop could be a wick below the support line, which is common for Bitcoin. The Altcoin market has been holding very strong while the markets are red today. This is a good sign for the crypto market as we approach Uptober.
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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 MoreBitcoin 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 MoreThe 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 […]
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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 MoreBitcoin 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 MoreThe 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