The market has taken a bearish turn and Bitcoin and altcoins will need strong relief rallies in order to restore their uptrends.
Bitcoin and altcoins are facing selling near key resistance levels, but for now the possibility of a sharp fall remains low.
‘Giving away crypto does help people, but the real motivation is to spread awareness in a way that’s fun and interesting,’ the Bitcoin Man said.
Bitcoin and a few altcoins have broken above key resistance levels, which suggests that the bulls are attempting to take control of the market.
Bitcoin’s price is trending upward Tuesday as the amount of BTC in DeFi hits a new high.
Although Bitcoin price is range-bound, a few altcoins have started a relief rally which could push them above key resistance levels.
The crypto investor may not have promoted Bitcoin Cash on Twitter after all.
Bitcoin and altcoins could consolidate in a tight range for a few days before making the next decisive move.
A dead cat bounce from Bitcoin and altcoins’ critical support levels may attract further selling that could result in lower levels over the next few days.
With Bitcoin Cash poised to fork again in November, the BCH community is gearing up to do battle over the Bitcoin Cash brand.