Bitcoin

The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/price-analysis/crypto-market-analysis-major-tokens-remain-flat-heres-whats-incoming-for-bitcoin-altcoin/">Crypto Market Analysis: Major Tokens Remain Flat; Here’s What’s Incoming for Bitcoin &amp; Altcoin</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a> 
The crypto markets are becoming uninteresting nowadays, as the majority of tokens are lagging in variation. Considering Bitcoin, after the drop from levels above $28,000, the price remains stuck below $25,800. Besides, altcoins like Ethereum, XRP, Cardano, Solana, Polygon, etc. have been sustaining above the crucial support. This suggests they are accumulating strength to trigger a healthy upswing soon. 
<figure class="wp-block-image"> 
 <img decoding="async" src="https://lh5.googleusercontent.com/r_PY6kJ0txl8IZW91GekTBkTds_OgwcYe3rKpG2jkMM9mc5O_ScuEztL7H1t2RjGlVAS3KvRnE8SUfQa80VqsTK_YxWc8XDZDCuemdmFvfhkIepqHhDh4Gtky9ccTDC-dTql17sY7FAOji3jUc0EW9Y" alt=""> 
</figure> 
The <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">BTC price</a> is stuck within a range in the hourly chart, displaying fewer price variations. The Bollinger bands are getting squeezed, which compels the price to fluctuate with bigger margins. It may not be in favour of the bulls, but the trend reversal in the RSI keeps the hopes alive. Even if the price triggers a healthy upswing, the trend could remain under bearish influence below $26,300. 
Hence, the traders may remain stuck as the current trade setup displays the possibility of a bull trap, as the BTC price could face yet another rejection at these levels. However, the current pullback may prevail for long as the star crypto appears to be on its way to marking the lows of the 2022 bear market. A popular analyst, <a href="https://twitter.com/el_crypto_prof/status/1699475334054436917" target="_blank" rel="noopener noreferrer nofollow">Moustache</a>, believes the BTC price may drop to as low as $12,000 as the altcoins are displaying huge momentum.&nbsp; 
<figure class="wp-block-image"> 
 <img decoding="async" src="https://lh5.googleusercontent.com/sl0TgpFlaMdYMHqW62C-jZAl7gwsGIm0uNH77fV9zpKmQhKZqGgZ1mOVnvKnZGJb9R9me8oAnLdD7LiXG6XF3hmmRQQfQtLqfpdck5eWeujYuLP6W03uIPJd6ANxm4Ju_5hJo6VolOCEAr0eHAGPm6k" alt=""> 
</figure> 
<blockquote class="wp-block-quote"> 
 “Friendly reminder that the Altcoin Season Index shows that altcoins are moving at the same level as in 2019/2020. 
 That was the time when the foundation for 100x gains was laid. 
 Have fun waiting for 12K Bitcoin,” 
</blockquote>

Crypto Market Analysis: Major Tokens Remain Flat; Here’s What’s Incoming for Bitcoin & Altcoin

CoinPedia News

Other articles published on Sep 7, 2023

Shiba Inu’s Bear Market Exit: What the 3% Surge and 13% Volume Increase Mean for Investors

X2 Token Blasts Up 14,000% Before Dramatic Rug-Pull and Crypto Analysts Say This Crypto is Next t...

Top Casino Sites Comparable to Luckyland Slots: Exploring Alternatives & Sister Sites

Bitcoin ETF Approval: The SEC's Regulatory Opportunity

Cardano (ADA) Price Near Crucial Support, Will It Keep $0.2500?

Up to 10K USDT Daily Staking Rewards – Investors Are Flocking to the SCORP Presale Before it’s To...

Join our free newsletter for daily crypto updates!