Bitcoin (Bitcoin) We saw a low below $45,600 on August 15 because its second resistance was rejected.
Analysts pay attention to BTC’s attack on all-time highs
As Cointelegraph Report, The bulls lost momentum during the attack on the main sell wall that prevented Bitcoin from falling from $50,000.
The big turn triggered a more fragile sentiment on Sunday, with a daily decline of 4% at the time of writing.
“This field is the main boss and obstacle for me,” Pentoshi, a popular Twitter trader warn, To take a bullish view on higher time frames.
He added that BTC/USD has almost completed preparations for rematching historical highs in the resistance area of 50,000 USD and higher.
“I still believe that this will be a short-term micro-LH before we enter that upper limit.”
Trader, analyst and Cointelegraph contributor Michaël van de Poppe also hinted that a longer-term liquidation moment may soon occur.
“Bitcoin is within high time frame resistance,” he Tweet Saturday.
“I think next week will be an important week.”
Buy and sell levels On the main exchange Binance, sellers of $48,000 still exist firmly, and support at $45,000 after a small decline.
Cardano Cooling Main Rally
Bitcoin has had a clear chain reaction between the major altcoins.
Although many of the top 50 cryptocurrencies by market capitalization have either been cancelled or saw a 24-hour increase in weakness, the top five have all fallen in sync with BTC.
“Will I buy Cardano here? No,” van der Pope warn Before falling.
“Do I expect Cardano to gain value in the next few months/years? Yes.”
Market participants continue to expect that altcoin opportunities will increase in the coming months, with a focus on DeFi token in particular.