Bitcoin 
$110,116.33 price It is stabilizing above $110,000 and the decline has stopped for now, which is promising for investors. Despite a lot of good news in the past days, we have seen great losses, especially in altcoins. It is important that the negativity reaches at least a neutral level. So what’s the latest situation?
Bitcoin (BTC)
In the next news, we will share the important developments that will occur over the next 7 days. However, if we look at the situation specifically on Sunday, it is positive that 110 thousand dollars is maintained even though the fear index is at 35. $108,200 is an important base for the rise and $107,000 is the final stop.
Even though it was breached many times, $107 thousand was preserved and now we see higher daily highs forming. This could lead to a retrieval of $112,000 with closes above $110,700. Then, we will wait for a retracement of $115,270 and an acceleration of the rise towards $117,500.
Bitcoin price The risk of falling to five-digit figures makes altcoin investors nervous. If BTC can stall in its current range long enough and manage to stay away from $107,000, it will be great for cryptocurrency markets.
Cryptocurrencies Latest Status
cryptocurrencies The total market capitalization is moving away from the $3.5 trillion base and is back at $3.72 trillion today, which is positive. Many investors think that selling is the best option these days, motivated by historical data. They are not wrong about this, but history does not always repeat itself. For example, October, which started like Uptober, turned into a nightmare.
The timidity of altcoin investors and the decreasing liquidity here bring about very interesting valuations. It is painful for investors when young and very ambitious projects that have reached billion-dollar valuations decline to 300 million-dollar valuations.
FETICP and DASH Altcoins continue the day with double-digit gains. Especially DASH attracts attention with its weekly gain of 77%. Old investors will remember that DASH is a legend and has been around for years. The performance of old cryptocurrencies is extremely ironic in an environment where such ambitious projects with strong teams suffer huge losses.
