Market Analysis – BTC Market Share Decreases, Altcoin Presents Buying Opportunities
Binance Follow-up Analysis
GTRadar – BULL
GTRadar – Balanced
Focus News
Over the past week, BTC has been consistently declining, and on June 25th, it even briefly dropped below the $60,000 mark, reaching a low of $58,400. The main reason for this is that Mt.Gox’s bankruptcy trustee announced that they will start returning BTC and BCH to creditors in July. This has caused panic and selling pressure in the market. Of course, BTC remains the most affected by this.
Both BTC and ETH have been showing a downward trend for about a month now, while altcoins have been in a bear market for several months with over 50% decline. However, from the recent sharp drop of BTC followed by altcoins not dropping but bouncing back in terms of suggests that altcoins may have already completed their bottoming process or the market believes their decline has been excessive. In the past week, while BTC and ETH declined by 474% and 0.91% respectively, excluding them from the total cryptocurrency market capitalization resulted in a rise of 2.55%. The market share of BTC also experienced an unusual decline of 1.8% within one day on June 24th.
From a technical standpoint as mentioned last week, there was a high possibility of a decline in BTC’s price; however until now it has successfully held above the support level at $60k as planned out over these few months which indicates strong buying pressure below. At the same time period when Altcoin rebounded strongly despite BTS experiencing significant indicates potential bottoming signals compared to previous months’ performance. However entering into a bull market immediately still requires further waiting; currently it is advisable to look at resistance levels at $k (downward trend line) and $66k (mid-range resistance level) before any breakthroughs are expected.
However according to well-known Fear and Greed Index indicator since last week it has changed from “Greed” to “Fear”, indicating that fear starting to emerge within the market after such declines It seems like now there is less risk those willing to enter into positions from lower prices based on left-side entry strategies Therefore GT Radar expects leverage adjustment for follow-up investment portfolios this week.
Furthermore if recent trends indicate that altcoins have already bottom then what are some targets worth considering for investors?
Based on data from Messari and CoinGecko we have compiledMarket Analysis – BTC Market Share Decreases, Altcoin Presents Buying Opportunities
Binance Follow-up Analysis
GTRadar – BULL
GTRadar – Balanced
Focus News
Contents:
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Market Analysis – BTC Market Shareases, Altcoin Presents Buying Opportunities
Binance Follow-up Analysis
GTRadar BULL
GTRadar – Balanced
Focus News
Over the past week, BTC has continued to decline and even dropped below the $60,000 at one point on June 25th. The main reason for this is the announcement by Mt.Gox’s bankruptcy trustee that they will start returning and BCH to creditors in July. This has caused panic and selling pressure in the market, with BTC being the most affected.
BTC and have been showing a downward trend for about a month now, while altcoins have been a bear market for several months with over a 50% decline. However, despite the recent sharp drop of BTC, altcoins have not followed suit but instead bounced back. This suggests that altcoins may have already completed their bottoming process or that the market believes their decline has been excessive. In the past week, BTC declined by 4.74% and ETH declined by 0.%. Excluding these two cryptocurrencies from the total cryptocurrency market capitalization resulted in a rise of 2.55%. The market share of BTC also experienced an unusual decline of 1.8% within one day on June 24th.
From a technical standpoint as mentioned last week, there was a high possibility of a in BTC’s price; however until now it has successfully held above the support level at $60k as planned out over these few months which indicates strong buying pressure. At the same time period when Altcoin rebounded strongly despite BTS experiencing significant indicates potential bottoming signals compared to previous months’ performanceHowever according to well-known Fear and Greed Index indicator since last week it has changed from “Greed” to “”, indicating that fear starting to emerge within the market after such declines It seems like now is less risk those willing to enter into positions from lower prices based on left-side entry strategies Therefore GT Radar expects leverage adjustment for-up investment portfolios this week.
Furthermore if recent trends indicate that altcoins have already bottom then what are some targets worth considering for investors?
Based on data from Messari and CoinGecko we have compiled performance figures for various concept sectors since early this year ( considering top ten cryptocurrencies based on market capitalMarket Analysis – BTC Market Share Decreases, Altcoin Presents Buying Opportunities
Binance Follow-up Analysis
GTRadar – BULL
GTRadar – Balanced
Focus News
Table of Contents:
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Market – BTC Market Share Decreases, Altcoin Presents Buying Opportunities
Binance Follow-up Analysis
GTRadar BULL
GTRadar – Balanced
Focus News
Over the past week, BTC has continued to decline and even dropped the $,000 mark on June 25th. The main reason for this is the announcement by Mtox’s bankruptcy trustee that they will start returning BTC and BCH to creditors in July. This has caused panic and selling pressure in the market, with BTC being the most affected.
BTC and ETH have both been experiencing a downward trend for about a month now. Altcoins, on the other hand, have been in a bear market for several months with over a 50% decline. However, despite the recent sharp drop in BTC’s price, altcoins have not followed suit and instead bounced back. This suggests that alt may have already completed their bottoming process or that the market believes their decline has been excessive. In the past week, BTC declined by 4.74% and ETH declined by 0.91%. However, excluding these two cryptocurrencies from the total cryptocurrency market capitalization resulted in a rise of 2.55%. The market share of BTC also experienced an unusual decline of 1.8% within one day on June 24th.
From a technical standpoint as mentioned last week, there was a high possibility of a decline in BTC’s price; however until now it has successfully held above the support level at $60k as planned out over these few months which indicates strong buying pressure below. At the same time period when Altcoin rebounded strongly despite BTS experiencing significant indicates potentialing signals compared to previous months’ performanceHowever according to well-known Fear and Greed Index indicator since last week it has changed from “Greed” to “Fear”, indicating that fear is starting to emerge within Alikum after such declines It seems like now there is less risk for those willing to enter into positions at lower prices based on left-side entry strategies Therefore GT Radar expects leverage adjustment for follow-up investment portfolios this week.
Furthermore if recent trends indicate that altcoins have already hit bottom then what are some targets worth considering for investors?
Based on data from Messari and CoinGecko have compiled performance figures for various concept sectors since early this yearContent Menu
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Market Analysis – Declining BTC Market Share, Buying Opportunities for Altcoins
Binance Follow-up Analysis
GTRadar – BULL
GTRadar – Balanced
Focus News
Over the week BTC has continued to decline and even dropped below the $60,000 mark on June 25th. The main for this is the announcement by Mt.Gox’s bankruptcy trustee that they will start returning and BCH to creditors in July. This has caused panic and selling pressure in the market, with BTC being most affected.
BTC and ETH have both been showing a downward trend a month now, while altcoins have been in a bear market for several months with over a 50% decline. However, despite the recent sharp drop in BTC’s price, altcoins not followed suit but instead shown strength by bouncing back. This indicates that altcoins may have already completed their bottoming phase or that the market believes their decline has been excessive. the past week, BTC declined by 4.74% and ETH declined by 0.91%. Excluding BTC and ETH from the total cryptocurrency market capitalization resulted in a of 2.55%. The market share of BTC also saw an unusual decline of 1.8% within one day on June 24th.
From a technical perspective mentioned last week, there was a high possibility of a decline in BTC’s price; however it has successfully held above the $60k support level planned out over these few months indicates strong buying pressure below. At the same time period when Altcoin rebounded strongly despite BTS experiencing significant declines suggests potentialing signals compared to previous months’ performanceHowever according to well-known Fear and Greed Index indicator since last it has changed from “Greed” to “Fear”, indicating that fear is starting to emerge within Alikum after such declines It seems like now there is less risk for those willing enter into positions at lower prices based on left-side entry strategies Therefore GT Radar expects leverage adjustment for follow-up investment portfolios week.
Additionally if recent trends indicate that altcoins may have already hit bottom then what are some targets worth considering for investors?
Based on data from Messari and CoinGecko we compiled performance figures for various concept sectors since early this year (considering top ten cryptocurrencies based on market capital
