Bitcoin Stuck? Analyst Eyes Ethereum “Momentum Shift” for Potential Altcoin Rally
- An analyst spots crucial developments involving Bitcoin and Ethereum.
- Bitcoin’s price is in consolidation and above the ideal entry zones.
- Ethereum is gaining momentum against Bitcoin ahead of a potential altcoin season.
A well-known cryptocurrency analyst on X has flagged key developments involving Bitcoin and Ethereum, the top two cryptocurrencies.
In his latest post, the analyst drilled down on the potential impact of Bitcoin’s ongoing consolidation and asked if Ethereum’s resurgence could spark an altcoin season.
Analyst Pinpoints Bitcoin “Entry Zones”
According to this analyst, Bitcoin’s recent behavior remains in line with consolidation, making the lower price levels ideal entry zones for bullish traders.
Meanwhile, he notes, Ethereum is showing a bullish “momentum switch,” actually performing better than Bitcoin. This, the analyst emphasizes, is a very positive sign for the altcoin market, something he says he hasn’t seen in years.
Bitcoin Support Range: $87K – $91.5K
To illustrate, the analyst even shared a screenshot of Bitcoin’s daily chart to highlight these “ideal zones” for entry. These zones fall within Bitcoin’s est…
The post Bitcoin Stuck? Analyst Eyes Ethereum “Momentum Shift” for Potential Altcoin Rally appeared first on Coin Edition.
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Bitcoin Stuck? Analyst Eyes Ethereum “Momentum Shift” for Potential Altcoin Rally
- An analyst spots crucial developments involving Bitcoin and Ethereum.
- Bitcoin’s price is in consolidation and above the ideal entry zones.
- Ethereum is gaining momentum against Bitcoin ahead of a potential altcoin season.
A well-known cryptocurrency analyst on X has flagged key developments involving Bitcoin and Ethereum, the top two cryptocurrencies.
In his latest post, the analyst drilled down on the potential impact of Bitcoin’s ongoing consolidation and asked if Ethereum’s resurgence could spark an altcoin season.
Analyst Pinpoints Bitcoin “Entry Zones”
According to this analyst, Bitcoin’s recent behavior remains in line with consolidation, making the lower price levels ideal entry zones for bullish traders.
Meanwhile, he notes, Ethereum is showing a bullish “momentum switch,” actually performing better than Bitcoin. This, the analyst emphasizes, is a very positive sign for the altcoin market, something he says he hasn’t seen in years.
Bitcoin Support Range: $87K – $91.5K
To illustrate, the analyst even shared a screenshot of Bitcoin’s daily chart to highlight these “ideal zones” for entry. These zones fall within Bitcoin’s est…
The post Bitcoin Stuck? Analyst Eyes Ethereum “Momentum Shift” for Potential Altcoin Rally appeared first on Coin Edition.
Read More