BTC is struggling to hold on to the $40,000 level, but a few analysts say cryptocurrencies might decouple from equities in the coming months.
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BTC is struggling to hold on to the $40,000 level, but a few analysts say cryptocurrencies might decouple from equities in the coming months.
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BTC price is faltering right at the 61.8% Fibonacci Retracement level, triggering a slight pullback in altcoins and sapping the momentum out of this week’s initial breakout to $45,000.
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Binance Smart Chain became quite popular as an Ethereum alternative during the latter’s peak of network congestions and gas fee issues.
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BTC price continues to consolidate, a process which gives altcoin traders the opportunity to range trade and secure short-term gains.
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Bitcoin and select altcoins are stuck in a tight range, indicating the possibility of a sharp move within the next few days.
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BTC price is expected to consolidate in the current $44,000 zone, allowing altcoins to climb higher before Bitcoin makes a more decisive move.
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Bitcoin and several altcoins are close to strong resistance levels, which may result in a minor pullback in the short term.
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BTC and altcoins finally broke above their respective overhead resistance levels, but the actions of traders over the next few days will determine whether bulls are back in control.
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