Altcoins led gains on Tuesday, with NEAR Protocol NEAR climbing 15% and Avalanche AVAX and Solana SOL adding 8% over the past 24 hours, while bitcoin (BTC) rose by around 5%. After reaching a daily low of $40,000 on Monday, bitcoin has picked up and is now trading around $43,000. Traders are looking to the next levels for the cryptocurrency, with Matteo Bottacini, a trader at Crypto Finance AG, seeing a break through $45,000 occurring only if there’s unexpected news or an equities rally. “A BTC breakthrough above $45k should be attributed to either unexpected positive news or an equity rally,” said Bottacini. “Conversely, a dip below $41K, in the absence of negative news or a risk-off sentiment in traditional markets, presents a buying opportunity and is indicative of a potential short squeeze.”
Source: https://www.coindesk.com/markets/2023/12/19/first-mover-americas-altcoins-rally-as-bitcoin-climbs-back-to-43k/?utm_medium=referral&utm_source=rss&utm_campaign=headlines