Bitcoin

Avalanche

<ul><li>Crypto analyst predicts AVAX/BTC may soon rally, citing earlier patterns with the current chart formation.</li><li>Despite bearish indicators, recent green candlesticks signal a near-term trend reversal in AVAX/BTC trend.</li><li>RSI indicates oversold conditions for AVAX/BTC, hinting at potential upward momentum as buying pressure causes a tentative shift in market sentiment.</li></ul>A <a href="https://twitter.com/CryptoKaleo/status/1779053737144717364" rel="noopener noreferrer nofollow">recent </a>analysis shared by a renowned crypto analyst, KALEO, has brought the AVAX/BTC pairing into the spotlight, as the chart reveals intriguing signals that may hint at the future price trajectory.The chart analysis presented by KALEO, a widely followed figure in the crypto analysis community, depicts a <a href="https://cryptotale.org/injective-inj-faces-a-tough-week-amid-broader-market-trends/" rel="noopener noreferrer nofollow">pronounced downtrend</a> in the AVAX/BTC price. However, KALEO identifies a whisper of change in the subtle interplay of price action and recent chart patterns.KALEO has highlighted a <a href="https://cryptotale.org/will-xrps-test-of-the-descending-trendline-mark-a-new-era-in-crypto/" rel="noopener noreferrer nofollow">descending trendline</a> that has consistently capped the rallies of AVAX against BTC. This bearish structure has led to lower highs, which is typically a sign of bearish sentiment. However, in the world of technical analysis, such persistence can often precede a sharp reversal, and this is where KALEO&#39;s insights become particularly compelling.<a href="https://cryptotale.org/market-watch-avax-btc-trend-reversal-on-horizon-analyst-foresees/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Market Watch: AVAX/BTC Trend Reversal on Horizon, Analyst Foresees

CryptoTale

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