“Bitcoin’s chart has likely become too noisy to remain a reliable indicator of the crypto market, conceding that role to ether,” Alex Kuptsikevich, an analyst at FxPro, wrote in an email to CoinDesk. “If so, a break of this strong uptrend could prove to be the first signal of a correction,” which could encourage buying on dips, Kuptsikevich wrote.
Related posts
-
Historian Yuval Noah Harari Expresses Skepticism About Bitcoin, Calls It ‘A Currency of Distrust’
Last week at the BIS Innovation Summit 2024, Israeli historian, philosopher, and bestselling author Yuval Noah... -
Bitcoin Price (BTC) Could Take Direction From Inflation Data This Week
Of the two, the CPI report is of more import and economists are forecasting that gauge... -
Is The Bitcoin Bottom In? Analyst Reveals Key Price Levels
In his latest technical analysis, veteran crypto analyst Christopher Inks offers a detailed look at the...