Skip to main content

FM
Former Member

The Bitcoin market is currently positioned at a critical juncture that could determine its next trend in the coming weeks. With Bitcoin trading around $27.4k, investors are closely observing the retest of the neck support line, resembling a head and shoulder formation on the higher time frame. Unfortunately, the release of CPI data failed to revitalize the bullish sentiment in the crypto market as anticipated.

Meme Coin Trend Continues

While the overall market sentiment remains uncertain, the meme coin industry continues to gain traction, amplifying concerns of a potential end to the crypto relief rally. However, the on-chain analytics platform Santiment has provided some respite, noting the likelihood of a market reversal and a rise in response to growing calls for a bearish outlook.

Add Reply

Cryptocurrency Hub Online Crypto and Blockchain Community
×
×
×
×
Link copied to your clipboard.
×