An uptick to two-week highs is on the cards but longer timeframes still trouble Bitcoin analysis.
BTC price action remains at the mercy of equities performance at the Wall Street open.
The current worst case scenario involves a 28% wick below the 200-week moving average, one theory suggests.
The list is curated after studying the drawdowns of the top 30 crypto assets by market cap from their record highs.
Don’t hold your breath for a return to $69,000 this year or next, one commentator says.
Bitcoin and the major altcoins have bounced off their immediate support levels, paving the way for a possible relief rally in the short term.
BTC price is yet to decide on a target as $30,000 just about holds into the new week’s Wall Street trading.
Strongly bearish fundamentals act as tailwind to Avalanche’s technically bearish setup.
Bitcoin is getting a dose of reality this week as the World Economic Forum convenes and analysts still favor a fresh BTC price drop.
BTC price continues to encounter selling pressure, but a brief rally or the start of consolidation could lead to sharp gains in BNB, XMR, ETC and MANA.