Bitcoin bulls must overcome a major hurdle before new all-time highs can come back into play.
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Bitcoin bulls must overcome a major hurdle before new all-time highs can come back into play.
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Bitcoin price is trading in a tight range, which is allowing multiple altcoins to push higher.
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Bitcoin price fell back into the descending triangle but this dip may attract buyers to altcoins and DeFi tokens in the short term.
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Bitcoin’s surprise rally to $38,500 lifted sentiment across the market but the temporary boost appears to be losing steam.
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New features that address high gas fees and interoperability between DeFi platforms could draw investors’ attention to Reserve Rights, 0x, and Kyber Network in the next few weeks.
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Bitcoin’s dip below $30,000 triggered a sell-off in altcoins and dip-buying traders might not have enough momentum to cause a relief rally.
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Strong fundamentals, increasing daily active users and successful layer 2 trials are pushing DeFi tokens to outperform the broader crypto market.
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Altcoins continue to trend higher, but Bitcoin price needs to turn $35,000 to support in order for the entire market to gain momentum.
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The price of Bitcoin has to break a key resistance level to revive its bullish trend.
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Select altcoins are rallying to new all-time highs while Bitcoin remains pinned below $33,000.
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