BTC Pullback, ETH Surge, and an Altseason: An Analyst’s Perspective
- Crypto market volatility triggers technical indicators.
- Bitcoin is due for consolidation after a massive rally.
- Ethereum maintains a bullish momentum with $4,000 in sight.
Technical crypto analysts have found their voices after the return of significant volatility in the cryptocurrency market. The latest Bitcoin surge has dragged the rest of the crypto market along, generating notable activity across the industry and causing technical indicators to display recognizable patterns for market analysis.
One such analyst has released a podcast warning Bitcoin traders of an upcoming consolidation after the latest rally. The analyst spotted a bearish divergence on Bitcoin’s RSI indicator, noting the cryptocurrency could pull back or embark on a sideways trend in the short term before continuing upwards.
Related Articles: Bitcoin Losing Dominance? Altcoins May Be Ready for a Breakout
Despite the pullback prediction, the analyst believes Bitcoin retains a significant bullish momentum that would form the tailwind for the final leg of the current bull cycle. According to him, the pioneer cryptocurrency will fulfill its cycle potential by rallying to the $13…
The post BTC Pullback, ETH Surge, and an Altseason: An Analyst’s Perspective appeared first on Coin Edition.
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Crypto Asset Funds Draw $882M in Weekly Inflows as Bitcoin ETFs Surge
BTC Pullback, ETH Surge, and an Altseason: An Analyst’s Perspective
- Crypto market volatility triggers technical indicators.
- Bitcoin is due for consolidation after a massive rally.
- Ethereum maintains a bullish momentum with $4,000 in sight.
Technical crypto analysts have found their voices after the return of significant volatility in the cryptocurrency market. The latest Bitcoin surge has dragged the rest of the crypto market along, generating notable activity across the industry and causing technical indicators to display recognizable patterns for market analysis.
One such analyst has released a podcast warning Bitcoin traders of an upcoming consolidation after the latest rally. The analyst spotted a bearish divergence on Bitcoin’s RSI indicator, noting the cryptocurrency could pull back or embark on a sideways trend in the short term before continuing upwards.
Related Articles: Bitcoin Losing Dominance? Altcoins May Be Ready for a Breakout
Despite the pullback prediction, the analyst believes Bitcoin retains a significant bullish momentum that would form the tailwind for the final leg of the current bull cycle. According to him, the pioneer cryptocurrency will fulfill its cycle potential by rallying to the $13…
The post BTC Pullback, ETH Surge, and an Altseason: An Analyst’s Perspective appeared first on Coin Edition.
Читать больше