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<ul class="news-points"> 
 <li><strong>Benjamin Cowen has identified a weakness between MATIC to Bitcoin and SOL to Bitcoin.</strong></li> 
 <li><strong>MATICBTC traded within a specific range throughout Bitcoin’s bear market.</strong></li> 
 <li><strong>With SOLBTC, people get sucked in on each pump, then the price fades into new lows.</strong></li> 
</ul> 
<p>Benjamin Cowen, the founder of ITC Crypto, has identified a weakness between MATIC to Bitcoin and SOL to Bitcoin. The renowned analyst independently compared both altcoins’ recent <a href="https://coinedition.com/what-is-bitcoin-everything-you-need-to-know/">history with Bitcoin</a>, indicating potential weaknesses over the past two years.</p> 
<p>Using the MATICBTC weekly chart on TradingView, Cowen showed that MATICBTC traded within a specific range throughout Bitcoin’s bear market. He noted the crypto pair is fading toward the lower part of the range, with the current market situation, with MATIC showing more weakness.</p> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/MATIC?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#MATIC</a> / <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#BTC</a> fading to the lower part of the range.<br><br>Below 1700 sats, there is not much support for a while. <a href="https://t.co/USxsE94Qdr" target="_blank" rel="nofollow">pic.twitter.com/USxsE94Qdr</a></p>— Benjamin Cowen (@intocryptoverse) <a href="https://twitter.com/intocryptoverse/status/1673885101669732353?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">June 28, 2023</a>
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<p>Cowen observed that MATIC is trading below 1700 sats, and breaking below the current support would leave room for a significant drop for the pair. That is because there is no support for a notable…</p>
<p>The post <a rel="nofollow" href="https://coinedition.com/crypto-analyst-predicts-matic-btc-and-sol-btc-may-fade-into-lower-regions/">Crypto Analyst Predicts MATIC/BTC and SOL/BTC May Fade Into Lower Regions</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

Crypto Analyst Predicts MATIC/BTC and SOL/BTC May Fade Into Lower Regions

Coin Edition

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