RATE Group | Looking to bottom out after failing to conquer the skies
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Looking to bottom out after failing to conquer the skies

10 Jan Looking to bottom out after failing to conquer the skies

Posted at 12:01h in Bitcoin News by

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  • Prices move in contractive triangles that may accelerate the arrival of key technical points.
  • Bitcoin has more to lose than Ethereum in this scenario, giving contradictory signals.
  • XRP’s potential big move can take longer than expected.

 

The three leading cryptocurrencies by market capitalization – not stable coins – are in evident decline. They have all reached the upper limits of triangular compression figures that are pushing them without remission towards relevant decision points.

The market sentiment background is positive, supported mainly by the proximity of the Bitcoin halving and the slow but progressive implementation of Ethereum 2.0 (PoS).

On Monday, the market was rising sharply with the excuse of the conflict in the Middle East, but since then, sellers have dominated the market.

Investors remain alert to the movement of the ETH/BTC pair.  

There is one scenario that we must keep in mind – the crypto market could give a bullish…

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