$BTC 56,000 should it be 70,000? $BNB 400 should it be 1,000 | Bigdaddy Crypto on Binance Square

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$BTC 56,000 should it be 70,000?
$BNB 400 should it be 1,000?

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BTC

59,945.58

+0.90%

BNB

541.7

-0.73%

232

0

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Once it hit the foundation, the price slowly goes up to the point that we don't even realize the chart is rising.

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Bitcoin and the rest of the altcoin is in position of pennants. Based on the chart pennant graph it is hard to describe for the pattern to be bulllish or bearish. Some analytical said it was a bearish season because we are in the year phase of bullish. But do you know there is know as market correction which is refers to a significant and temporary decline in the prices of various cryptocurrencies after a period of sustained growth. During a market correction, the market experiences a sharp reversal from an uptrend, leading to a decrease in asset prices. This correction can be caused by various factors, including speculative trading, market sentiment shifts, regulatory news, macroeconomic events, or simply a natural cooling off after a period of excessive optimism and price appreciation. $BTC $ETH $SOL

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Following the challenges faced by FTX, the Solana (SOL) ecosystem is experiencing growth, particularly in the areas of DeFi activity and user engagement within the cryptocurrency industry. Despite concerns stemming from FTX's issues, there are signs indicating a potential recovery for Solana (SOL) in the market. Currently, Solana (SOL) is trading between $142.09 and $172.31, with its 10-day moving average around $161.11 and the 100-day moving average at $134.6. Key support levels are identified at $124.89, while resistance levels are positioned at $185.34 and $215.56. Given the market conditions and Solana's (SOL) apparent recovery, it may be wise to adopt a positive outlook. The continued expansion of the Solana network, coupled with the resurgence of DeFi activities, suggests a promising future for its market performance.

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