#CryptoMarketMoves
đ Crypto Review 20.02: Calm before the storm?
Market in tension: Bitcoin shows the longest series of declines since 2019, and the outflow from ETFs reached $403.9 million in a week. However, technical indicators hint at an imminent price explosion.
đ Bitcoin (BTC)
Bulls fight for $68,300.
⢠Up: A consolidation above $71,247 will open the way to $74,500.
⢠Down: A drop below $65,118 threatens a pullback to $60,000.
⢠Fact: Bollinger Bands are compressed to the maximum - a strong move is preparing.
đ Key altcoins:
⢠ETH: Stuck between $1,750 and $2,111. A break of resistance will open the way to $2,665.
⢠#sol : Weak rebound. Risk of falling to $67 if we donât recover $95.
⢠#bnb : Bears are pushing to $570. Losing this level threatens a drop to $500.
⢠#xrp : Trading in a descending channel. It is important to hold support, otherwise a collapse to $1.11.
⢠#DOGE : Trying to hold $0.10. Target for growth â $0.12, for a fall â $0.08.
đ Briefly about others:
⢠$HYPE : Buyers are active near $27.89, target for a rally â above $32.50.
⢠$ADA : Fighting for $0.28. If support falls, the next stop is $0.15.
⢠$BCH : Risk of falling to $500 if the price remains below $548.
⢠XMR: Bears are pushing for $309, critical protection zone is $276.
â ď¸ Bottom line: The market is waiting for institutional money to return. Without it, sustainable growth is questionable.
