Altcoins
Bitcoin is on the rise! A breath of recovery is blowing on the cryptocurrency market!
4.56pm ▪ 3 minute read ▪ by Eddy S.
The world of cryptocurrencies is in constant turmoil, bitcoin and altcoins are no strangers to changes. After the decline of recent months, signs show a clear recovery.
Signs on the total value of Bitcoin
First of all, the indicator The total value of Bitcoin is already marking its territory. Set at $2.19 trillion, the index challenges its bullish support. However, the massive fortress amounts to 2.285 trillion. However, if this bastion were to capitulate, a seismic wave would be unleashed.
In fact, the final grail amounts to $2.72 trillion. This is the highest peak ever reached this year. Furthermore, bitcoin’s bullish momentum, although breathless, appears to be resuming. Furthermore, the RSI indicator diverges, like a bullish revolt flag.
On-chain indicators and cryptocurrency market sentiment
Signals from the depths of the blockchain resound. Social volume is shrinking immediately, a harbinger of the coming recovery. In parallel, despite the surrounding debacle, the whales did not break ranks. They still thrive, voracious for the bitcoins they accumulate. At the same time, the analysis company Santiment deciphers an important signal. According to them, the feared bullish wave could be triggered soon.
However, a thorny regulatory challenge persists. On the one hand, India opens its doors to offshore giants. On the other hand, the United States maintains its staunch anti-crypto and anti-Bitcoin stance financial institutions. A titanic clash that does nothing but add fuel to the fire of surrounding uncertainty.
This global cat-and-mouse game adds an unexpected geopolitical dimension. In this new cold war, investors find themselves like pawns on a giant 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 the Bitcoin price and crypto industry players.
Despite everything, impatience rumbles within the ranks of cryptocurrencies. If all systems were in favor of Bitcoin and all altcoins, there is no doubt that their revolt will inflame the markets. Sleeping Giants might well transform the cryptosphere in a veritable battlefield of ruins.
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Eddy S.
The world has evolved and adaptation is the best weapon to survive in this wavering universe. The crypto community manager at the base interests me in everything that touches or comes close to the blockchain and its derivatives. With a view to sharing my experience and getting to know a domain that I am passionate about, I find myself writing informative and décontractés a la fois articles.
DISCLAIMER
The views, thoughts and opinions expressed in this article are solely those of the author and should not be relied upon as investment advice. Do your research before making any investment decisions.