A widely followed analyst says that the crypto market is set to see a minor pullback following a rally last week.
The pseudonymous crypto strategist Rekt Capital tells his 324,200 Twitter followers that Bitcoin (BTC), Ethereum (ETH) and other altcoins will likely shed some of their gains as they attempt to break resistance levels.
“After a strong week last week, the Crypto market looks set for a minor pullback. BTC, ETH and many Altcoins appear to be positioned for healthy dips which could figure as key retests of previous resistances into new supports.”
In his newsletter, Rekt says that Bitcoin will likely have some trouble cracking the $21,894 level, which currently sits right at the 200-week moving average, a level often thought of by traders as a crucial line of support or resistance.
“A rejection here could take place, at least towards the blue boxed region. Because the blue box represents a sideways range which price has broken out from. If BTC were to dip now, it would be to...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...