SUI#, BGB#, ENA#, VIRTUAL# Show Strength as Bitcoin# Looks for Direction
Bitcoin’s recovery towards $100K could attract buyers to SUI#, BGB#, ENA#, and VIRTUAL#.
Bitcoin is down around 8% on the week, but one positive sign is that bulls have been buying into the week’s lows aggressively. Following the recovery, analysts remain divided on the next directional move. Some expect the correction to deepen, while others expect the uptrend to resume.
Bitcoin’s December 20 rally failed to attract investors to US-based Bitcoin exchange-traded funds. Farside Investors data shows outflows of $617.9 million on December 19 and $277 million on December 20 from the ETFs, suggesting profit-taking by traders.
The next few days are likely to see a tough battle between bulls and bears near the $100,000 level. The crypto sentiment is expected to improve if Bitcoin stays above $100K, which attracts some altcoins to the upside.
$SUI $ENA $XRP #تداول #بيتكوين #بينانس #استثمار #صاعد #bearish