This week’s Bitcoin rallies failed to overcome sellers at the $87,500 level, but many analysts still believe the corrective bottom was at $77,000. How will altcoins react while BTC trades in a range?
Bitcoin’s (BTC) recovery continues to face selling at higher levels, indicating that the bears have not given up. Trading resource Material Indicators said in a post on X that “Spoofy the Whale” has been suppressing Bitcoin’s price below $87,500.
Although the upside is currently restricted, select analysts believe that the downside is limited. BitMEX co-founder Arthur Hayes said in a post on X that Bitcoin may have bottomed out at $77,000, considering that the Federal Reserve announced a slowdown in its quantitative tightening from April.
Crypto market data daily view. Source: Coin360
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Source: https://cointelegraph.com/news/price-analysis-3-21-btc-eth-xrp-bnb-sol-ada-doge-ton-link-leo?utm_source=rss_feed&utm_medium=feed&utm_campaign=rss_partner_inbound