New all-time highs are all but guaranteed when the time is right, the latest analysis claims, as both Bitcoin and altcoins take a breather.
비트코인 (BTC) fell to test $44,000 8 월. 18 with traders still bullish on new all-time highs.
Eyes on $42,000 for higher low
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting local lows of $44,215 on Bitstamp overnight.
A continuation of consolidation seen on Tuesday, the latest dip marks a $3,800 comedown after Bitcoin saw rejection at $48,000 several days ago.
This was expected — seller pressure from that level and upwards remains significant, with bulls so far lacking the momentum to absorb their positions.
For popular trader Pentoshi, 하나, this was just a temporary feature. 비트코인, he argued on the day, “will remind everyone who the king is.”
“When it’s time to buy. I’ll be going with a $Btc heavy rotational focus for the first time this year. If 40-42k is our new HL,” part of a tweet read.
“And Bitcoin truly is to go to new ath’s. It will remind everyone who the king is. Btc leads the pack from there is far more bullish.”
Attention was thus on $42,000 support for a potential higher low construction, a level not tested since Aug. 7.
Cointelegraph가보고 한대로, should BTC/USD crush the $48,000 저항, the next stop could easily be $55,000 이상.
그 동안에, veteran trader Peter Brandt joined fellow trader and analyst Rekt Capital eyeing a rising wedge pattern for Bitcoin.
Rising wedge — will it fulfill its expectations or fail to launch? $BTC pic.twitter.com/tId5hmmhnl
— Peter Brandt (@PeterLBrandt) 팔월 17, 2021
BTC/USD circled $45,300 글을 쓰는 시점에, already up over $1,000 from earlier lows.
Ethereum retests $3,000
동시에, it was a case of licking wounds for major altcoins, which lost out to Bitcoin on daily timeframes.
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정상에서 50 시가총액별 암호화폐, daily losses of 7% were not uncommon, 에테르 (ETH) returned to challenge $3,000 지원하다.
High flyer Solana (솔) retained most of its previous gains, 맴돌다 $68 at the time of writing while still up 60% 지난주.
“General dip across the Altcoin Market looks to be in progress right now,” Rekt Capital summarized. He added that the weekly close for the combined altcoin market cap had nonetheless been “fantastic.”
애드블록 테스트 (왜?)