The $2,800-3,000 support zone didn't hold. Next support zone is $1,900-2,200, which should be tested again soon and is where the local bottom should be forming.
Main target remains new ATH, probably over $5k. That move would trigger the altseason.
The $2,800-3,000 support zone didn't hold. Next support zone is $1,900-2,200, which should be tested again soon and is where the local bottom should be forming.
Main target remains new ATH, probably over $5k. That move would trigger the altseason.
So for the new update, we could totally see that Bitcoin is going sideways, downwards we have a very strong support around $91,200, which should be hard to break, although there could be a possibility of a double top pattern, and it should be the neckline.
But the thing is we could be expecting a triple top because it's not that easy to break from below for now.
Memecoins have retraced 60%-80% on average over the last few weeks (and they could still drop further).
Since a local bottom should be forming soon, they might see a bounce during the rest of February. However, I don't think most of them will reach a new ATH.
From now on, the focus should be on L1s, AI, RWA...