Bitcoin and altcoins are at risk of a deeper correction if they do not rise above their immediate resistance levels soon.
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.
Bitcoin and a few altcoins have broken above key resistance levels, which suggests that the bulls are attempting to take control of the market.
Although Bitcoin price is range-bound, a few altcoins have started a relief rally which could push them above key resistance levels.
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.
Bitcoin and altcoins have bounced off their range lows, but they are likely to encounter resistance at higher levels.
Bitcoin and altcoins are holding key support levels, suggesting bulls will try to break above overhead resistance levels soon.
The bulls are aggressively defending the 20-day EMA in Bitcoin and select altcoins, which could result in the resumption of the uptrend.