~$122.5k was the top of the range. Now we'll need to go test the lows before we can continue higher.
Alts are clearly not confirming a trend change.
Many still bearish on HTFs (including ETH), I think the reason is because Bitcoin goes lower before we see a continued run and that will drag down alts with it. I think people holding alts here with hopes for new highs (in the near future) are about to have their hopes crushed, that also goes for people long crypto miners.
I don't think the real run starts until end of 2025 or 2026.
Time will tell.
Alts are clearly not confirming a trend change.
Many still bearish on HTFs (including ETH), I think the reason is because Bitcoin goes lower before we see a continued run and that will drag down alts with it. I think people holding alts here with hopes for new highs (in the near future) are about to have their hopes crushed, that also goes for people long crypto miners.
I don't think the real run starts until end of 2025 or 2026.
Time will tell.
Note
Looks to me like we should reach the bottom supports in the next week or two.Close to a great buying opp.
Trade active
Bidding the lower support at $59k - $60kTrade closed: target reached
Thanks for playing.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.