Bitcoin after the decline on Friday 
$90,306.27 It moved largely sideways over the weekend and is trying to protect $90,000. The continuation of the usual movements causes altcoins to linger at the bottom level. So what is the latest situation with cryptocurrencies? Which altcoins stood out over the weekend?
Bitcoin (BTC)
It permanently lost $98,000 as support on November 7. Bitcoin It has been below the key zone for over a month. Although it started to protect $88,000 as support in December, Bitcoin was stuck in a narrow range due to lack of risk appetite and we now need to see a breakout. The shallow move over the weekend is negative, with the door to closing lower on the weekly chart.
As of October 10, Bitcoin had made its first test of $ 100 thousand since June. Although we saw 2 tests for 115 thousand dollars in the ongoing process, the formation of constantly lower peaks paved the way to 80 thousand dollars. Although it seems like a local bottom has formed at this stage, we do not have a real bottom reversal break since BTC could not close above $ 94 thousand.
As we move towards the weekly close and the end of the year, if the pressure on the futures BTC If it does not continue to hold down, we will wait to break out of the narrow gap. The outlook is clear and shallow volatility will not end until one of the $94,000 or $88,000 levels is broken.
BTC ETF inflows on Friday were approximately $50 million and Ether ETFs It saw a debut of $19.4 million. Appetite is weak, volatility is shallow, and BTC continues its boring moves. Mobility may increase in the evening hours as the futures open and weekly candle close approaches.
Cryptocurrencies Latest Status
The weekend is not going well for altcoins either. Only 2 cryptocurrencies (MemeCore And MERL) is up 10% in the last 24 hours and the rest are largely at a loss. ZEC suffered the biggest losses in the decline, but we can say that most of the altcoins (top 100) fluctuated between 3% gain and 3% loss. While M Coin and MERL have made good weekly gains, even they have been largely silent as volume loss has peaked.
While cryptocurrencies wait for the next price catalyst, such boring days will continue for a while longer.
