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<ul class="news-points"> 
 <li>BTC’s price temporarily dropped below $25K over the past 24 hours due to the latest market selloff.</li> 
 <li>A bullish chart pattern on BTC’s daily chart suggested that the cryptocurrency may recover back above $26K.</li> 
 <li>.Technical indicators for the altcoin market hint at a further drop in the collective valuation of altcoins.</li> 
</ul> 
The latest market selloff resulted in <a href="https://coinedition.com/what-is-bitcoin-everything-you-need-to-know/" rel="noopener noreferrer nofollow">Bitcoin (BTC)</a> dropping below $25K over the past 24 hours. Meanwhile, the altcoin market also suffered the wrath of sellers throughout the past day of trading. As the market prepares for a comeback, technical indicators point to a potential increase in <a href="https://coinedition.com/bitcoin-btc-price-prediction/" rel="noopener noreferrer nofollow">BTC’s price soon</a>. Altcoins, however, may still bleed in the coming week. 
<figure class="wp-block-image size-full"> 
 <img decoding="async" width="975" height="475" src="https://coinedition.com/wp-content/uploads/2023/09/image-18.png" alt="" class="wp-image-335275" srcset="https://coinedition.com/wp-content/uploads/2023/09/image-18.png 975w, https://coinedition.com/wp-content/uploads/2023/09/image-18-300x146.png 300w, https://coinedition.com/wp-content/uploads/2023/09/image-18-313x152.png 313w, https://coinedition.com/wp-content/uploads/2023/09/image-18-380x185.png 380w, https://coinedition.com/wp-content/uploads/2023/09/image-18-768x374.png 768w, https://coinedition.com/wp-content/uploads/2023/09/image-18-696x339.png 696w, https://coinedition.com/wp-content/uploads/2023/09/image-18-127x62.png 127w, https://coinedition.com/wp-content/uploads/2023/09/image-18-159x77.png 159w, https://coinedition.com/wp-content/uploads/2023/09/image-18-255x124.png 255w, https://coinedition.com/wp-content/uploads/2023/09/image-18-795x387.png 795w, https://coinedition.com/wp-content/uploads/2023/09/image-18-440x214.png 440w, https://coinedition.com/wp-content/uploads/2023/09/image-18-414x202.png 414w, https://coinedition.com/wp-content/uploads/2023/09/image-18-326x159.png 326w, https://coinedition.com/wp-content/uploads/2023/09/image-18-377x184.png 377w, https://coinedition.com/wp-content/uploads/2023/09/image-18-328x160.png 328w, https://coinedition.com/wp-content/uploads/2023/09/image-18-144x70.png 144w, https://coinedition.com/wp-content/uploads/2023/09/image-18-123x60.png 123w, https://coinedition.com/wp-content/uploads/2023/09/image-18-129x63.png 129w" sizes="(max-width: 975px) 100vw, 975px"> 
 <figcaption class="wp-element-caption">
 Daily chart for BTC/USDT (Source: <a href="https://www.tradingview.com/x/GG4lhMvp/" target="_blank" rel="noopener noreferrer nofollow">TradingView</a>) 
 </figcaption> 
</figure> 
BTC’s price may break out toward the upside in the coming few days as a bullish falling wedge pattern formed on the market leader’s daily chart. This was after BTC’s price printed a lower low during yesterday’s trading session. Furthermore, technical indicators on BTC’s daily chart suggested that momentum has shifted in favor of bulls over the past 48 hours. 
During thi… 
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/btc-could-recover-while-alts-may-continue-to-bleed-this-week/">BTC Could Recover While Alts May Continue to Bleed This Week</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

BTC Could Recover While Alts May Continue to Bleed This Week

Coin Edition

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