BTC price The article fell below $ 96,000 at the time of being prepared and the volumes continue to weaken. For almost 100 days, crypto currency investors are enthusiastically waiting for the markets to recover. Although February usually represents the period when the rise for the loop accelerates, the nightmare is not over. What do the experts say?
Crypto currency bull
The decline in the middle of December began and with Trump’s arrival in subcoins Liquidity was significantly dry. For 1 month, we have been watching the useless token on the Solana network to defraud the market billions of dollars. When everything is over, crypto coins are relieved, the Bybit stock market faced one of the biggest hacking cases in history.
However, Miles deutscher thinks that the expected return in the Altcoins will begin.
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“According to the transaction volume, Altcoin dominance increased over 50 %again last week. This is a sign that interest starts to flow again into the subcoins. The risk appetite is coming back. “
In some subcoins, the fact that the hacking event does not cause huge losses is motivating, but it is necessary to see whether the distribution of volume will continue.
Titan of Crypto claims that the big rally for Ether is about to begin years later. We have seen a large rally in the weekly stochastic RSI over -selling zone and this is a large rally. If Ether If it succeeds, we can see that at least the rise in the subcoins creates a real intermediate peak in the cycle.
Crypto Coins Fast summary
Columbus recently shared one of his regular market comments and touched upon his expectations for BTC.
“Now we have a higher and higher low level in this time period. Main liquidity is upstairs; I doubt that we will soon test at least 100 thousand levels.
However, CME closure is close to the last low level and naturally there is also liquidity below. If the BTC first reaches this liquidity and thus the CME gap does not occur or closes immediately, this will be the highest scenario for me. (Of course, if then rises) “
“The EMA50 is a good indicator for the short -term price movement in the 4 -hour graph (see the above graph again). Go on EMA and go to 100K. ”
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and perform their operations in line with their own research.
