Altcoins led gains on Tuesday, with NEAR Protocol NEAR climbing 15% and Avalanche AVAX and Solana SOL adding 8% over the past 24 hours, while bitcoin (BTC) rose by around 5%. After reaching a daily low of $40,000 on Monday, bitcoin has picked up and is now trading around $43,000. Traders are looking to the next levels for the cryptocurrency, with Matteo Bottacini, a trader at Crypto Finance AG, seeing a break through $45,000 occurring only if there’s unexpected news or an equities rally. “A BTC breakthrough above $45k should be attributed to either unexpected positive news or an equity rally,” said Bottacini. “Conversely, a dip below $41K, in the absence of negative news or a risk-off sentiment in traditional markets, presents a buying opportunity and is indicative of a potential short squeeze.”
Related posts
-
Three Strong Indicators Urge Buying As Experts Predict A 100% Rally Ahead
The Bitcoin price has experienced a significant correction after failing to consolidate above the $70,000 level... -
Heavy Sell-Off Sees Bitcoin Drop Below $60K, Over $140M in BTC Longs Liquidated
Bitcoin’s price fell beneath the $60,000 mark on Monday, declining over 6% against the U.S. dollar.... -
Crypto sees over $300 million in liquidations as Bitcoin, altcoins plummet
Bitcoin price broke below $61,000 on Monday as bearish pressure intensified, and the market has seen...