Crypto experts are now noting that the current crypto market pattern is similar to what it has been in other bull runs. Merlijn The Trader posted a chart indicating that crypto is positioning to become perhaps the third large break out pattern in the last decade. According to him, “crypto history rhymes”, and he pointed […]
Altcoin Trends
Could Bitcoin’s Recent Highs Set the Stage for the Ultimate Altcoin Rally?
Bitcoin is at a crossroads as it approaches the CME Gap with the possible target of $104857. The price has been ranging, however, most traders are paying a lot of attention to the gap that may be closed as Bitcoin rises. In the long run, these gaps are usually filled up and the market retrace […]
Altcoin Correlation with Bitcoin in 2024: Key Patterns and Market Impact
As per the recent analysis by the analytics platform CryptoQuant, the altcoin market is moving in line with Bitcoin. This positive correlation shows that the altcoins are mimicking the movements of Bitcoin price, a factor that has boosted the confidence of investors in the crypto market. CryptoQuant’s data demonstrate that this pattern is not an […]