2024-10-14 21:27 |
Bitcoin's range-bound action looks set to continue, but SUI, APT, TAO, and WIF could rally higher over the coming days.
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Journalist Wu Blockchain has reported huge token unlocks scheduled for this week, affecting several major altcoins. He highlighted APT, OP, TAIKO, XAI, and ADA as experiencing single large-amount unlocks in the next 7 days.
2024-10-7 11:45 | |
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Bitcoin needs to find support in the $90,000 to $85,000 range in order for altcoins to recover and find new buyers.
Bitcoin’s repeated failure to cross above $100,000 increases the risk of a drop under $90,000.
A solid recovery in Bitcoin price is a hint that bulls have not given up on BTC and altcoins as they continue to buy dips below key support levels.
Bitcoin’s pullback after hitting a new all-time high above $108,000 has started a correction in select altcoins, signaling profit booking by the bulls.
Bitcoin is facing selling above $100,000, but the repeated retest of a resistance level increases the likelihood of a breakout.
Bitcoin price trades above $100,000 again, proving that every minor dip is being purchased.
Bitcoin may consolidate in the near term while select altcoins continue to outperform.