2019-10-29 17:54 |
Bitcoin stock-to-flow chart with deviation bands shows several bearish periods prior to historical halvings
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From $0. 031 to $10? Analysts Predict Qubetics as the Best Crypto with 1000X Potential, Chainlink Rockets to $30, and Cronos Enhances Which cryptocurrencies hold the key to life-changing returns? In a world of digital assets, the competition for attention is fierce.
Top technical analysts have shown that the Shiba Inu price action mirrors the market boom that Dogecoin experienced in 2019. At the same time, these analysts assert that a rival coin, PropiChain (PCHAIN), will soon gain a 39,402% upside.
Following the latest increase, which came after locating support on Wednesday, FTT appears back in an upward range as it aims to retake the weekly high. A flip through it could set the price for a bigger rally.
In a detailed post on X, crypto analyst Jamie Coutts outlined various indicators he monitors to gauge when the market might pick up bullish momentum. Crypto Market Might Be In The Final Stage Of The Bearish Phase Coutts, Chief Crypto Analyst at the financial knowledge and education platform RealVision, noted that the cryptocurrency market has gradually declined.
After the altcoin sector became significantly turbulent following the sluggish momentum of the BTC price trend, notable cryptos have lost millions in the recent correction. Litecoin (LTC) and Avalanche (AVAX) have witnessed notable outflows since their prices retracted below immediate support levels.
Bitcoin is it a crucial stage in this market cycle as several factors signal continued downside whilst others indicate that BTC is set to bottom out.
Starting this week on a bearish note, Polkadot DOT appeared to have found support but is yet to bounce back on the daily chart. A big price movement should be expected soon following a fresh bullish setup daily.