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🐻🐻🐻 #bitcoin Takes a Hit: Are #bears Here to Stay?
Bitcoin Faces Challenges Below $100,000: Key Levels to Watch
- Bitcoin’s price struggles to sustain upward momentum, currently trading at $95,846 after failing to break the $100,000 barrier. The cryptocurrency now risks revisiting the $93,200 support zone if bearish pressure persists.
Recent Price Movement
- Bitcoin reached a high of $99,400 during its recent rally but failed to surpass the critical $100,000 resistance level. A correction followed, dragging the price below the $96,500 mark and the 100-hourly SMA.
- The decline also broke a bullish trend line with support at $98,400 on the BTC/USD hourly chart (Kraken data). BTC is now consolidating near $95,846, holding above the 61.8% Fib retracement level of its upward wave from $92,415 to $99,400.
Resistance Levels
Immediate resistance: $96,400Key resistance: $97,750
- A move above $97,750 could spark a recovery, potentially lifting the price toward $99,000. Closing above this level might allow BTC to retest $100,000, with further gains extending to $102,000.
Support Levels and Risks
If Bitcoin fails to recover above $96,500, it could continue its downward trend:
- Immediate support: $95,200Major support: $95,000
- Critical support zone: $93,800, with a deeper decline possibly testing $92,500.
Technical Indicators
- MACD (Hourly): Indicating growing bearish momentum.
- RSI (Hourly): Below 50, reflecting a bearish sentiment.
Summary
Bitcoin’s current price of $95,846 puts it at a pivotal juncture. Holding above $95,000 is crucial to prevent further losses toward $93,800 and $92,500. To regain bullish momentum, BTC must clear $97,750 and aim for the $100,000 mark.
#BinanceSquareBTC #BTC☀️ #CryptoMarkets
Bitcoin Faces Challenges Below $100,000: Key Levels to Watch
- Bitcoin’s price struggles to sustain upward momentum, currently trading at $95,846 after failing to break the $100,000 barrier. The cryptocurrency now risks revisiting the $93,200 support zone if bearish pressure persists.
Recent Price Movement
- Bitcoin reached a high of $99,400 during its recent rally but failed to surpass the critical $100,000 resistance level. A correction followed, dragging the price below the $96,500 mark and the 100-hourly SMA.
- The decline also broke a bullish trend line with support at $98,400 on the BTC/USD hourly chart (Kraken data). BTC is now consolidating near $95,846, holding above the 61.8% Fib retracement level of its upward wave from $92,415 to $99,400.
Resistance Levels
Immediate resistance: $96,400Key resistance: $97,750
- A move above $97,750 could spark a recovery, potentially lifting the price toward $99,000. Closing above this level might allow BTC to retest $100,000, with further gains extending to $102,000.
Support Levels and Risks
If Bitcoin fails to recover above $96,500, it could continue its downward trend:
- Immediate support: $95,200Major support: $95,000
- Critical support zone: $93,800, with a deeper decline possibly testing $92,500.
Technical Indicators
- MACD (Hourly): Indicating growing bearish momentum.
- RSI (Hourly): Below 50, reflecting a bearish sentiment.
Summary
Bitcoin’s current price of $95,846 puts it at a pivotal juncture. Holding above $95,000 is crucial to prevent further losses toward $93,800 and $92,500. To regain bullish momentum, BTC must clear $97,750 and aim for the $100,000 mark.
#BinanceSquareBTC #BTC☀️ #CryptoMarkets
$SOL
SOL/USDT daily chart.
Source: #tradingview
The failure to clear the overhead resistance shows that the #bears are active at higher levels. If the price continues lower and breaks below the 20-day EMA,
it will signal advantage to bears.
The #SOL/USDT pair could slump to the strong support at $126.
Contrary to this assumption,
if the price turns up from the current level or the 20-day EMA,
it will indicate that #bulls continue to buy on dips. The pair could then #rise to $205. If this level is scaled, the pair may jump to $267.
SOL/USDT daily chart.
Source: #tradingview
The failure to clear the overhead resistance shows that the #bears are active at higher levels. If the price continues lower and breaks below the 20-day EMA,
it will signal advantage to bears.
The #SOL/USDT pair could slump to the strong support at $126.
Contrary to this assumption,
if the price turns up from the current level or the 20-day EMA,
it will indicate that #bulls continue to buy on dips. The pair could then #rise to $205. If this level is scaled, the pair may jump to $267.
Cointelegraph
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Price Analysis 3/22: BTC, ETH, BNB, SOL, XRP, ADA, DOGE, AVAX, SHIB, TON
Bitcoin’s (BTC) failure to build upon its solid comeback on March 20 shows that bears are selling on relief rallies. The pullback has dampened sentiment in the short term, resulting in net outflows from the spot Bitcoin exchange-traded funds (ETFs) for four straight days, according to data from Farside Investors.
However, the Bitcoin bull market is not yet over, according to a report by CryptoQuant. The on-chain data analytics firm said the bull market generally ends with “84%-92% of investment” from the short-term holders, which currently is at 48%.
Crypto market data daily view. Source: Coin360
The correction before the Bitcoin Halving is a healthy sign for the long-term sustainability of the bull market because parabolic moves are rarely sustainable. Every dip shakes out the weak hands and allows the stronger hands to add to their positions.
Will Bitcoin and altcoins continue their correction, or is it time for the recovery to begin? Let’s analyze the charts of the top 10 cryptocurrencies to find out.
Bitcoin price analysis
Bitcoin rebounded sharply off the 38.2% Fibonacci retracement level of $61,736, indicating that traders view the dips as a buying opportunity.
BTC/USDT daily chart. Source: TradingView
The 20-day exponential moving average (EMA) has flattened out, and the relative strength index (RSI) is just above the midpoint, suggesting a range-bound action in the near term. The BTC/USDT pair may face resistance at $69,000 and support at $60,775.
A consolidation near the high is a positive sign, showing the bulls are holding on to their positions and not rushing to the exit. A break above $69,000 could open the doors for a retest of the all-time high at $73,777.
The downside support is at $60,775, followed by the 50-day SMA ($57,623). Buyers are expected to defend this zone with vigor.
Ether price analysis
Ether (ETH) snapped back from the 50-day SMA ($3,161) on March 20, but the bulls could not push the price above the 20-day EMA ($3,537).
ETH/USDT daily chart. Source: TradingView
The ETH/USDT pair turned down from the 20-day EMA on March 22, indicating that the sentiment has turned negative and traders are selling on rallies. Sellers will make one more attempt to break the 50-day SMA support. If they succeed, the pair may collapse to $2,717.
Instead, if the price rebounds off the 50-day SMA, it will signal that the pair may remain between the moving averages. The bullish momentum could pick up after the pair rises above $3,700. The pair may then reach the overhead resistance at $4,100.
BNB price analysis
BNB (BNB) turned up from the 20-day EMA ($520) on March 20, but the relief rally faces resistance near $590.
BNB/USDT daily chart. Source: TradingView
The long wick on the March 22 candlestick shows selling near $590. The bears will again try to sink the price below the 20-day EMA and open the gates for a drop to the breakout level of $460. This level is likely to witness aggressive buying by the bulls.
On the upside, a break above $590 could push the BNB/USDT pair to the stiff overhead resistance at $645. If this resistance is taken out, the uptrend may continue, and the pair could rally to $692.
Solana price analysis
Solana (SOL) witnessed solid buying at the 20-day EMA ($163) on March 20, but the bulls could not drive the price above $205.
SOL/USDT daily chart. Source: TradingView
The failure to clear the overhead resistance shows that the bears are active at higher levels. If the price continues lower and breaks below the 20-day EMA, it will signal advantage to bears. The SOL/USDT pair could slump to the strong support at $126.
Contrary to this assumption, if the price turns up from the current level or the 20-day EMA, it will indicate that bulls continue to buy on dips. The pair could then rise to $205. If this level is scaled, the pair may ascend to $267.
XRP price analysis
XRP (XRP) bounced off the uptrend line on March 20 and rose above the 20-day EMA ($0.62) on March 21, signaling buying at lower levels.
XRP/USDT daily chart. Source: TradingView
If buyers shove the price above $0.67, the XRP/USDT pair is likely to pick up momentum and travel to the formidable resistance at $0.74. This is an important level to watch out for because a break above it could signal the start of the next leg of the uptrend to $0.95.
On the contrary, if the price turns down and maintains below the 20-day EMA, it will suggest that higher levels are attracting sellers. The pair may oscillate between $0.67 and the uptrend line. A slide below the uptrend line could tug the pair to $0.52.
Cardano price analysis
The bulls successfully defended the $0.57 support in Cardano (ADA) on March 20 but are struggling to sustain the price above the 50-day SMA ($0.63).
ADA/USDT daily chart. Source: TradingView
The 20-day EMA ($0.67) has turned down, and the RSI is in the negative territory, indicating that bears have the upper hand. Sellers will make another attempt to sink the price below the $0.57 support. If they manage to do that, the ADA/USDT pair could drop to $0.53 and later to $0.46.
On the other hand, if the price rebounds off the $0.57 support, it will suggest that the bulls are defending the level. The pair will then make another attempt to rise to the 20-day EMA. A break above $0.70 will indicate that the correction is over.
Dogecoin price analysis
Dogecoin’s (DOGE) relief rally rose above the 20-day EMA ($0.15) on March 20, indicating solid buying at lower levels.
DOGE/USDT daily chart. Source: TradingView
The bulls are trying to sustain the price above the 20-day EMA. If they do that, the DOGE/USDT pair will again attempt to rise above $0.16 and challenge the overhead resistance of $0.19. This level may prove to be a difficult hurdle to cross. If the price turns down from this resistance, the pair may remain range-bound between $0.12 and $0.19.
The next leg of the uptrend is likely to begin after buyers kick and maintain the price above $0.19. The pair may then rise to $0.23.
Avalanche price analysis
Buyers have managed to keep Avalanche (AVAX) above the breakout level of $50, suggesting they are trying to flip the level into support.
AVAX/USDT daily chart. Source: TradingView
The marginally rising 20-day EMA ($51) and the RSI in the positive territory show that the bulls have the edge. The AVAX/USDT pair could gradually increase to the $62 to $65 resistance zone. Sellers are expected to protect this zone with vigor. If the price turns down from this zone, the pair may consolidate between $50 and $65 for a few more days.
The uptrend could resume after buyers overcome the obstacle at $65. The pair could thereafter climb to $75. The trend will favor the bears if the price plunges below $50.
Shiba Inu price analysis
The failure of the bulls to push Shiba Inu (SHIB) above the breakdown level of $0.000029 suggests that bears are selling on rallies.
SHIB/USDT daily chart. Source: TradingView
The flattish 20-day EMA ($0.000027) and the RSI just above the midpoint suggest a balance between supply and demand. This equilibrium will tilt in favor of the bulls if the price rises above the resistance line. The SHIB/USDT pair could rise to $0.000035 and eventually to the strong resistance at $0.000039.
Alternatively, if the price continues lower and breaks below $0.000023, the decline could extend to the 50-day SMA ($0.000018).
Toncoin price analysis
The bulls are trying to push Toncoin (TON) to $4.60, but the long wick on the March 22 candlestick shows stiff resistance from the bears.
TON/USDT daily chart. Source: TradingView
The upsloping 20-day EMA ($3.54) and the RSI near the overbought zone indicate that bulls are in control. If buyers do not give up much ground from the current level, the possibility of a break above $4.60 remains high. If that happens, the TON/USDT pair could start the next leg of the rally at $5.64.
Conversely, if the price turns down sharply from the current level, the pair is likely to find support at the 20-day EMA.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
However, the Bitcoin bull market is not yet over, according to a report by CryptoQuant. The on-chain data analytics firm said the bull market generally ends with “84%-92% of investment” from the short-term holders, which currently is at 48%.
Crypto market data daily view. Source: Coin360
The correction before the Bitcoin Halving is a healthy sign for the long-term sustainability of the bull market because parabolic moves are rarely sustainable. Every dip shakes out the weak hands and allows the stronger hands to add to their positions.
Will Bitcoin and altcoins continue their correction, or is it time for the recovery to begin? Let’s analyze the charts of the top 10 cryptocurrencies to find out.
Bitcoin price analysis
Bitcoin rebounded sharply off the 38.2% Fibonacci retracement level of $61,736, indicating that traders view the dips as a buying opportunity.
BTC/USDT daily chart. Source: TradingView
The 20-day exponential moving average (EMA) has flattened out, and the relative strength index (RSI) is just above the midpoint, suggesting a range-bound action in the near term. The BTC/USDT pair may face resistance at $69,000 and support at $60,775.
A consolidation near the high is a positive sign, showing the bulls are holding on to their positions and not rushing to the exit. A break above $69,000 could open the doors for a retest of the all-time high at $73,777.
The downside support is at $60,775, followed by the 50-day SMA ($57,623). Buyers are expected to defend this zone with vigor.
Ether price analysis
Ether (ETH) snapped back from the 50-day SMA ($3,161) on March 20, but the bulls could not push the price above the 20-day EMA ($3,537).
ETH/USDT daily chart. Source: TradingView
The ETH/USDT pair turned down from the 20-day EMA on March 22, indicating that the sentiment has turned negative and traders are selling on rallies. Sellers will make one more attempt to break the 50-day SMA support. If they succeed, the pair may collapse to $2,717.
Instead, if the price rebounds off the 50-day SMA, it will signal that the pair may remain between the moving averages. The bullish momentum could pick up after the pair rises above $3,700. The pair may then reach the overhead resistance at $4,100.
BNB price analysis
BNB (BNB) turned up from the 20-day EMA ($520) on March 20, but the relief rally faces resistance near $590.
BNB/USDT daily chart. Source: TradingView
The long wick on the March 22 candlestick shows selling near $590. The bears will again try to sink the price below the 20-day EMA and open the gates for a drop to the breakout level of $460. This level is likely to witness aggressive buying by the bulls.
On the upside, a break above $590 could push the BNB/USDT pair to the stiff overhead resistance at $645. If this resistance is taken out, the uptrend may continue, and the pair could rally to $692.
Solana price analysis
Solana (SOL) witnessed solid buying at the 20-day EMA ($163) on March 20, but the bulls could not drive the price above $205.
SOL/USDT daily chart. Source: TradingView
The failure to clear the overhead resistance shows that the bears are active at higher levels. If the price continues lower and breaks below the 20-day EMA, it will signal advantage to bears. The SOL/USDT pair could slump to the strong support at $126.
Contrary to this assumption, if the price turns up from the current level or the 20-day EMA, it will indicate that bulls continue to buy on dips. The pair could then rise to $205. If this level is scaled, the pair may ascend to $267.
XRP price analysis
XRP (XRP) bounced off the uptrend line on March 20 and rose above the 20-day EMA ($0.62) on March 21, signaling buying at lower levels.
XRP/USDT daily chart. Source: TradingView
If buyers shove the price above $0.67, the XRP/USDT pair is likely to pick up momentum and travel to the formidable resistance at $0.74. This is an important level to watch out for because a break above it could signal the start of the next leg of the uptrend to $0.95.
On the contrary, if the price turns down and maintains below the 20-day EMA, it will suggest that higher levels are attracting sellers. The pair may oscillate between $0.67 and the uptrend line. A slide below the uptrend line could tug the pair to $0.52.
Cardano price analysis
The bulls successfully defended the $0.57 support in Cardano (ADA) on March 20 but are struggling to sustain the price above the 50-day SMA ($0.63).
ADA/USDT daily chart. Source: TradingView
The 20-day EMA ($0.67) has turned down, and the RSI is in the negative territory, indicating that bears have the upper hand. Sellers will make another attempt to sink the price below the $0.57 support. If they manage to do that, the ADA/USDT pair could drop to $0.53 and later to $0.46.
On the other hand, if the price rebounds off the $0.57 support, it will suggest that the bulls are defending the level. The pair will then make another attempt to rise to the 20-day EMA. A break above $0.70 will indicate that the correction is over.
Dogecoin price analysis
Dogecoin’s (DOGE) relief rally rose above the 20-day EMA ($0.15) on March 20, indicating solid buying at lower levels.
DOGE/USDT daily chart. Source: TradingView
The bulls are trying to sustain the price above the 20-day EMA. If they do that, the DOGE/USDT pair will again attempt to rise above $0.16 and challenge the overhead resistance of $0.19. This level may prove to be a difficult hurdle to cross. If the price turns down from this resistance, the pair may remain range-bound between $0.12 and $0.19.
The next leg of the uptrend is likely to begin after buyers kick and maintain the price above $0.19. The pair may then rise to $0.23.
Avalanche price analysis
Buyers have managed to keep Avalanche (AVAX) above the breakout level of $50, suggesting they are trying to flip the level into support.
AVAX/USDT daily chart. Source: TradingView
The marginally rising 20-day EMA ($51) and the RSI in the positive territory show that the bulls have the edge. The AVAX/USDT pair could gradually increase to the $62 to $65 resistance zone. Sellers are expected to protect this zone with vigor. If the price turns down from this zone, the pair may consolidate between $50 and $65 for a few more days.
The uptrend could resume after buyers overcome the obstacle at $65. The pair could thereafter climb to $75. The trend will favor the bears if the price plunges below $50.
Shiba Inu price analysis
The failure of the bulls to push Shiba Inu (SHIB) above the breakdown level of $0.000029 suggests that bears are selling on rallies.
SHIB/USDT daily chart. Source: TradingView
The flattish 20-day EMA ($0.000027) and the RSI just above the midpoint suggest a balance between supply and demand. This equilibrium will tilt in favor of the bulls if the price rises above the resistance line. The SHIB/USDT pair could rise to $0.000035 and eventually to the strong resistance at $0.000039.
Alternatively, if the price continues lower and breaks below $0.000023, the decline could extend to the 50-day SMA ($0.000018).
Toncoin price analysis
The bulls are trying to push Toncoin (TON) to $4.60, but the long wick on the March 22 candlestick shows stiff resistance from the bears.
TON/USDT daily chart. Source: TradingView
The upsloping 20-day EMA ($3.54) and the RSI near the overbought zone indicate that bulls are in control. If buyers do not give up much ground from the current level, the possibility of a break above $4.60 remains high. If that happens, the TON/USDT pair could start the next leg of the rally at $5.64.
Conversely, if the price turns down sharply from the current level, the pair is likely to find support at the 20-day EMA.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Трендтер
PEPE Memecoin Analysis: Will the Bulls Rally or Will Whales Bring It Down?
In recent weeks, the supply of PEPE held by top addresses has been steadily increasing, raising concerns about the coin's centralization. This has led to speculation that PEPE could experience fresh lows if large holders decide to dump their holdings. Despite these concerns, PEPE has emerged as the most searched coin this week, and its oversold status has piqued the interest of memecoin enthusiasts. In this blog post, we will delve into the factors affecting PEPE's price action and whether the bulls have a chance to stage a rally.
PEPE's Popularity
PEPE has consistently garnered attention during periods of low market volatility. It has maintained the highest social volume among memecoins when other cryptocurrencies, including Bitcoin and altcoins, were trading within their bottom ranges. Kucoin's recent ranking of PEPE as the top coin by weekly search further highlights its popularity.
Supply Accumulation and Sentiment Analysis
Since mid-August, the supply of PEPE held by top addresses has been on the rise. Notably, its weighted sentiment reached a low point on August 25 but rebounded to a new high by August 30.
Bearish Performance and Oversold Status
Despite these positive sentiment indicators, PEPE's price has remained bearish and recently hit a four-month low. However, this dip into oversold territory suggests that there may be an opportunity for the bulls to regain control. The high search volume and supply accumulation are supportive factors for a potential rally.
Uncertain Future
While the accumulation by top addresses is a positive sign for the bulls, it does not guarantee a rally. It's important to note that PEPE is a speculative memecoin without a unique use case, similar to the early days of Shiba Inu and Dogecoin.
Centralization and Whale Dominance
PEPE's current situation is characterized by high centralization, with over 96% of its circulating supply controlled by whales. This concentration of ownership means that these large holders have the potential to significantly impact the coin's price by selling their holdings. Despite this risk, demand has not yet been sufficient to support a major price pivot.
#pepe #memecoin #pepecoin $PEPE #bulls #bears
The investment information, comments, and recommendations provided here do not constitute investment advisory services. The comments and recommendations here are based on the personal opinions of the individuals making them. These opinions may not be suitable for your financial situation and risk and return preferences. Therefore, making investment decisions solely based on the information provided here may not yield results that align with your expectations.
PEPE's Popularity
PEPE has consistently garnered attention during periods of low market volatility. It has maintained the highest social volume among memecoins when other cryptocurrencies, including Bitcoin and altcoins, were trading within their bottom ranges. Kucoin's recent ranking of PEPE as the top coin by weekly search further highlights its popularity.
Supply Accumulation and Sentiment Analysis
Since mid-August, the supply of PEPE held by top addresses has been on the rise. Notably, its weighted sentiment reached a low point on August 25 but rebounded to a new high by August 30.
Bearish Performance and Oversold Status
Despite these positive sentiment indicators, PEPE's price has remained bearish and recently hit a four-month low. However, this dip into oversold territory suggests that there may be an opportunity for the bulls to regain control. The high search volume and supply accumulation are supportive factors for a potential rally.
Uncertain Future
While the accumulation by top addresses is a positive sign for the bulls, it does not guarantee a rally. It's important to note that PEPE is a speculative memecoin without a unique use case, similar to the early days of Shiba Inu and Dogecoin.
Centralization and Whale Dominance
PEPE's current situation is characterized by high centralization, with over 96% of its circulating supply controlled by whales. This concentration of ownership means that these large holders have the potential to significantly impact the coin's price by selling their holdings. Despite this risk, demand has not yet been sufficient to support a major price pivot.
#pepe #memecoin #pepecoin $PEPE #bulls #bears
The investment information, comments, and recommendations provided here do not constitute investment advisory services. The comments and recommendations here are based on the personal opinions of the individuals making them. These opinions may not be suitable for your financial situation and risk and return preferences. Therefore, making investment decisions solely based on the information provided here may not yield results that align with your expectations.
🚀 Bitcoin Liquidation Watch 🚨
Will #Bitcoin surge or dip first? 🌊
• $4.4B in shorts could liquidate at $65,000 📈💥
• $4.5B in longs might see liquidation at $55,000 📉💔
The market's on a knife-edge! Will we see a short squeeze pushing us up, or will the #bears pull us down? 🐻📉
Keep your eyes peeled, traders! This could be a wild ride. 🎢
#liquidation #BitcoinLiquidity
Will #Bitcoin surge or dip first? 🌊
• $4.4B in shorts could liquidate at $65,000 📈💥
• $4.5B in longs might see liquidation at $55,000 📉💔
The market's on a knife-edge! Will we see a short squeeze pushing us up, or will the #bears pull us down? 🐻📉
Keep your eyes peeled, traders! This could be a wild ride. 🎢
#liquidation #BitcoinLiquidity
I don't see #bitcoin going below 40k again anytime soon. There will be no sympathy for #bears , What do you guys think? #TrendingTopic #Write2Earn #ALT $BTC $ETH
BTC stays above 45k PreHalving
84%
BTC Dumps below 40k Black swan
16%
19 дауыс • Дауыс беру жабық
Alt-Season Looms: How ‘Dumb Bulls’ May Outshine ‘Smart Bears’
#AltSeasonComing #AltSeason #bullrun2024📈📈 #bears
#BinanceSquareFamily
Introduction
Technical indicators suggest that an altseason—where altcoins outperform Bitcoin—is fast approaching, according to crypto analyst Ali Martinez. A seasoned trader also predicts that this market phase will likely favor "dumb bulls" over "smart bears." But what exactly does that imply for crypto investors?
A Shift in Market Sentiment
On September 21, a swing trader, known as Honey on X, made a striking remark about the next steps in the crypto market. This perception aligns with trends seen in past cycles, where nearly every cryptocurrency enjoys gains, leaving bears at a disadvantage.
The trader stated, “I think we are approaching the part of the cycle where dumb bulls will be rewarded more than smart bears.”
This means that buying random cryptocurrencies, even those with weak fundamentals, might prove more profitable than strategic bets against the market. While the prediction is risky and uncertain, it captures the heightened euphoria often seen during bull runs.
Altseason is ‘On the Horizon’
Ali Martinez pointed out that altseason could be imminent. This market phase occurs when altcoins—cryptocurrencies other than Bitcoin—deliver impressive gains, often surpassing Bitcoin's performance.
Martinez highlighted Bitcoin's weakening dominance, suggesting a "potential breakdown" in its market cap. At the same time, the total market cap for all altcoins, excluding the top 10, has recently broken through a downtrend.
He shared his analysis, saying, “Things are getting interesting! Bitcoin dominance is showing signs of a potential breakdown from a rising wedge, while the altcoin market cap is breaking out of a falling wedge. Altcoin Season is just around the corner!”
Growing Consensus Among Analysts
Many cryptocurrency analysts, traders, and investors are turning bearish on Bitcoin but bullish on altcoins. For instance, Michaël van de Poppe is actively looking for altcoin opportunities, while traders like Credible Crypto and Alan Santana are placing their bets on altcoins such as Curve (CRV) and Solana (SOL).
The more traders believe an altseason is coming, the more likely it is to occur. If the market follows previous patterns, we could soon witness a shift of capital from Bitcoin and other major cryptocurrencies to smaller altcoins.
Caution Remains Essential
Even in the excitement surrounding a potential altseason, investors are reminded to focus on strong, solid projects. Altcoins with sound fundamentals can offer more reliable returns than speculative investments, even in a bullish market.
Conclusion
As the crypto market teeters on the edge of an altseason, both analysts and traders are gearing up for a shift in momentum. While this phase could reward bullish investors, it's crucial to remain selective and back projects with real potential.
#BinanceSquareFamily
Introduction
Technical indicators suggest that an altseason—where altcoins outperform Bitcoin—is fast approaching, according to crypto analyst Ali Martinez. A seasoned trader also predicts that this market phase will likely favor "dumb bulls" over "smart bears." But what exactly does that imply for crypto investors?
A Shift in Market Sentiment
On September 21, a swing trader, known as Honey on X, made a striking remark about the next steps in the crypto market. This perception aligns with trends seen in past cycles, where nearly every cryptocurrency enjoys gains, leaving bears at a disadvantage.
The trader stated, “I think we are approaching the part of the cycle where dumb bulls will be rewarded more than smart bears.”
This means that buying random cryptocurrencies, even those with weak fundamentals, might prove more profitable than strategic bets against the market. While the prediction is risky and uncertain, it captures the heightened euphoria often seen during bull runs.
Altseason is ‘On the Horizon’
Ali Martinez pointed out that altseason could be imminent. This market phase occurs when altcoins—cryptocurrencies other than Bitcoin—deliver impressive gains, often surpassing Bitcoin's performance.
Martinez highlighted Bitcoin's weakening dominance, suggesting a "potential breakdown" in its market cap. At the same time, the total market cap for all altcoins, excluding the top 10, has recently broken through a downtrend.
He shared his analysis, saying, “Things are getting interesting! Bitcoin dominance is showing signs of a potential breakdown from a rising wedge, while the altcoin market cap is breaking out of a falling wedge. Altcoin Season is just around the corner!”
Growing Consensus Among Analysts
Many cryptocurrency analysts, traders, and investors are turning bearish on Bitcoin but bullish on altcoins. For instance, Michaël van de Poppe is actively looking for altcoin opportunities, while traders like Credible Crypto and Alan Santana are placing their bets on altcoins such as Curve (CRV) and Solana (SOL).
The more traders believe an altseason is coming, the more likely it is to occur. If the market follows previous patterns, we could soon witness a shift of capital from Bitcoin and other major cryptocurrencies to smaller altcoins.
Caution Remains Essential
Even in the excitement surrounding a potential altseason, investors are reminded to focus on strong, solid projects. Altcoins with sound fundamentals can offer more reliable returns than speculative investments, even in a bullish market.
Conclusion
As the crypto market teeters on the edge of an altseason, both analysts and traders are gearing up for a shift in momentum. While this phase could reward bullish investors, it's crucial to remain selective and back projects with real potential.
Massive Liquidation Looms Over Bitcoin! 🌋🚨
The #crypto market is teetering on the edge with over $7B in $BTC shorts facing liquidation if prices hit $69,000. Conversely, a staggering $7.37B in longs are at risk if #Bitcoin dips to $54,000.
The question on everyone's mind: Will the bulls charge to $69K or will #bears push down to $54K first? The answer could trigger a significant market move.
The #crypto market is teetering on the edge with over $7B in $BTC shorts facing liquidation if prices hit $69,000. Conversely, a staggering $7.37B in longs are at risk if #Bitcoin dips to $54,000.
The question on everyone's mind: Will the bulls charge to $69K or will #bears push down to $54K first? The answer could trigger a significant market move.
#BEARS We 🐂 are Coming.
The Correction was made ! Now Brace yourself its Show Time 🌟
HOLD HOLD & HODL 😇
#Write2Earn! #BURNGMT #BullRunAhead #MarketCorrection $BTC $XRP $EGLD
The Correction was made ! Now Brace yourself its Show Time 🌟
HOLD HOLD & HODL 😇
#Write2Earn! #BURNGMT #BullRunAhead #MarketCorrection $BTC $XRP $EGLD
Manipulation, FOMO , FUD 🤔 YES this is overall Market Correction !
Show us 🐋🐳 your Full strength that how back you can Push if that was your full strength ? Then Rise will be 500x. We are not leaving & we Will HOLD 🤝
Don’t be Panic . Don’t lose your Money to Buy High & sell them cheap . They are playing with you there is no turn back Just HOLD tight & be Calm.
Don’t go for FOMO & FUD the Market will Rise like HELL 🔥🔥🔥 😇
#Write2Earn! #KINGSMEN #BullRunAhead $BTC $BNB $SAND
Show us 🐋🐳 your Full strength that how back you can Push if that was your full strength ? Then Rise will be 500x. We are not leaving & we Will HOLD 🤝
Don’t be Panic . Don’t lose your Money to Buy High & sell them cheap . They are playing with you there is no turn back Just HOLD tight & be Calm.
Don’t go for FOMO & FUD the Market will Rise like HELL 🔥🔥🔥 😇
#Write2Earn! #KINGSMEN #BullRunAhead $BTC $BNB $SAND