2020-10-10 09:34 |
Analysts expect Bitcoin price to retest $11,000 after favorable macro factors improve BTC’s technical setup.
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Korean traders are pulling XRP off exchanges at a rapid pace, while whale flows signal accumulation seen ahead of past rallies.
Bitcoin bull market optimism has suffered since the October crash, as chances of an extended BTC price drop below $55,000 increase.
Ether risks over $2.5 billion in long liquidations below $2K, with volatility increasing the chance of a retest of $1,800 support.
A Bitcoin price rally to $80,000 would bring the bulk of spot BTC ETF holders to breakeven on their positions and possibly signal the resumption of the crypto bull market.
A SOL chart pattern that preceded several triple-digit rallies just flashed again. Are the altcoin bulls gearing up for a run to new price highs?
Strategy often pauses BTC buys when STRC falls below $100, a setup that has previously coincided with 25%–40% Bitcoin declines.
XRP’s road to recovery will pick up momentum if network usage continues rising and bulls push the price above the $1.60 resistance.