BTC calm and subcoins are also largely horizontal. Although the recent BTC rise opens the door to the summit over 95 thousand dollars, the gains here are significantly protected. According to analysts, the rest of Bitcoin and crypto currencies is now in the decision phase.
Crypto coins will rise
Crypto currency Michael Poppe, one of the analysts, discussed the current situation of Altcoins in today’s assessment. He wrote here that one of the incompatibilities in favor of the longest rise was formed. The name of this type of long -term incompatibilities generally triggered great breaks and is pleased to gain the old support level and exist.
The support level is thought to be advantageous in favor of the rise of the Altcoins that come to the point of decision due to the re -shows.
“The latest Altcoin market capitalization produced an upward deviation, this was the opposite turn. And the current situation is the longest rise deviation in history.”
Daancrypto Altcoins He discussed the Total3 chart, which larger the number larger but showing a smaller part in terms of market value.
“Total Altcoin Looking at the ratio of market value to BTC, it is seen that this value is still at very low levels. There will be no extreme madness in Altcoin movements until this trend is reversed. I love this trend down because BTC tries to remove us from this correction. In general, you would like to see the leadership of BTC and the fact that the subcoins grow at a later point. ”
Although not as fast as Poppe Daancrypto in subcoins He believes we’re approaching the rise phase.
Bitcoin (BTC)
Bitcoin (BTC) Price According to Binance TR data, the article is present at $ 93,936 at the time of preparation. Eth While preparing to get back the $ 1,820 area, there are many hopeful details for the subcoins.
But first of all, the price of BTC needs to protect it by gaining gains on a solid ground. Kyle says in today’s assessment that MVRV data gives signals to turn down the downward trend on the BTC front.
“Bitcoin’s medium -term momentum is on the verge of a change.
Is the weekly closing upstairs? Historically, this is a powerful signal for trend turns.
Current figures:
MVRV ➔ 2,13
SMA365 ➔ 2,14
On-Chain Momentum rises quietly. ”
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
