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Crypto Ahmet
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Bullish
š„šStrong Momentum Signs for Bitcoin and the Latest Situation in Altcoins
An analyst who closely follows the cryptocurrency markets has suggested that Bitcoin (BTC) will rise soon, based on a basic indicator that shows strong momentum. Macroeconomist and cryptocurrency analyst Henrik Zeberg stated on social media platform X that BTC's weekly Relative Strength Index (RSI) indicates a strong factor behind cryptocurrency.
Investors are watching the RSI closely as it could signal the continuation of the trend. According to Zeberg, BTC's RSI has entered the bullish zone three times before and followed up with a rise each time.
According to Negentropic, the founders of the Glassnode market data analytics firm, BTC and Ethereum (ETH) are still in a strong position despite the recent decline in the cryptocurrency markets. Negentropic believes that BTC is tracking the $42,000 level and mentioned some altcoins that are worth watching. These include Solana (SOL), Decentralized oracle provider Chainlink (LINK) and collaborative blockchain Cosmos (ATOM).
Negentropic noted that the cryptocurrency market is experiencing a slight pullback after reaching several-month highs. However, he stated that BTC and ETH are showing resistance. BTC is aiming for $42,000 after a tremendous 30 percent increase since October, while ETH is holding strong above $2,000. Regarding altcoins, Solana, Cosmos, Sei, Chainlink and ScapesMania attract attention.
Bitcoin is currently trading at $ 39,493, which marks an increase of about 2 percent compared to the previous day.
#BTC #BinanceTournament #altcoins
An analyst who closely follows the cryptocurrency markets has suggested that Bitcoin (BTC) will rise soon, based on a basic indicator that shows strong momentum. Macroeconomist and cryptocurrency analyst Henrik Zeberg stated on social media platform X that BTC's weekly Relative Strength Index (RSI) indicates a strong factor behind cryptocurrency.
Investors are watching the RSI closely as it could signal the continuation of the trend. According to Zeberg, BTC's RSI has entered the bullish zone three times before and followed up with a rise each time.
According to Negentropic, the founders of the Glassnode market data analytics firm, BTC and Ethereum (ETH) are still in a strong position despite the recent decline in the cryptocurrency markets. Negentropic believes that BTC is tracking the $42,000 level and mentioned some altcoins that are worth watching. These include Solana (SOL), Decentralized oracle provider Chainlink (LINK) and collaborative blockchain Cosmos (ATOM).
Negentropic noted that the cryptocurrency market is experiencing a slight pullback after reaching several-month highs. However, he stated that BTC and ETH are showing resistance. BTC is aiming for $42,000 after a tremendous 30 percent increase since October, while ETH is holding strong above $2,000. Regarding altcoins, Solana, Cosmos, Sei, Chainlink and ScapesMania attract attention.
Bitcoin is currently trading at $ 39,493, which marks an increase of about 2 percent compared to the previous day.
#BTC #BinanceTournament #altcoins
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