Altcoins
Bitcoin rebounds! A breath of recovery is blowing through the crypto market!
4:56 p.m. ▪ 3 min read ▪ by Eddy S.
The crypto world is constantly in turmoil, bitcoin and altcoins are no strangers to change. After a decline in recent months, signs show a strong recovery.
Signs on the total value of Bitcoin
First of all, the gauge The total value of Bitcoin is already marking its territory. Planted at 2.190 billion dollars, the index contests its bullish support. However, a massive fortress comes in at 2.285 trillion. However, if this rampart capitulates, a seismic wave will be unleashed.
Indeed, the ultimate Holy Grail amounts to 2,720 billion dollars. This is the highest peak ever reached this year. In addition, the bullish momentum of bitcoin, although out of steam, seems to be resuming. Moreover, the RSI indicator diverges, like a standard of bullish revolt.
On-Chain Indicators and Crypto Market Sentiment
Signals from the depths of the blockchain are rumbling. From the outset, the social volume is reduced, a harbinger of the recovery to come. At the same time, despite the surrounding debacle, the whales did not break ranks. They still thrive, hungry for the bitcoins they accumulate. At the same time, the analysis company Santiment deciphers a major signal. According to them, the much-feared bullish wave could well be triggered soon.
However, a thorny challenge persists in the regulatory field. On the one hand, India is opening its doors wide to offshore giants. On the other hand, the United States maintains its ironclad anti-crypto and anti-Bitcoin stance. financial institutions. A titanic clash which only fuels the fire of surrounding uncertainty.
This global game of cat and mouse adds an unexpected geopolitical dimension. In this new cold war, investors find themselves like pawns on a gigantic chessboard. On the one hand, the promise of a welcoming regulatory Eldorado. On the other, the persistent threat of heavy sanctions and ostracism. The future looks tumultuous for Bitcoin Price and players in the crypto sector.
Despite everything, impatience is brewing in the ranks of cryptos. If all systems are in favor of Bitcoin and all altcoins, there is no doubt that their revolt will ignite the markets. The sleeping giants might just transform the cryptosphere in a veritable battlefield of ruins.
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Eddy S.
The world is evolving and adaptation is the best weapon to survive in this undulating universe. Basically a crypto community manager, I am interested in everything directly or indirectly related to blockchain and its derivatives. In order to share my experience and raise awareness of a field that fascinates me, there is nothing better than writing articles that are informative and relaxed at the same time.
DISCLAIMER
The views, thoughts and opinions expressed in this article belong solely to the author and should not be considered investment advice. Do your own research before making any investment decisions.