• Bitcoin is currently in a bearish state, trading at $21,737 after a 1.80% drop from the previous day.
• Smart Contracter believes that some altcoins may soon experience a bullish ride
• Altcoin Sherpa claims that Bitcoin will mostly trade within the $30,000 and $13,000 range for the next few months.
Bitcoin Price Watchout
The crypto market is currently experiencing a bearish momentum with Bitcoin price leading the way. At the time of writing, Bitcoin is changing hands at $21,737 after losing 1.80% from its previous day’s trade. Immediate resistance lies at $21,800 while support is positioned around $21,600.
Bullish Ride Ahead For Altcoins
A renowned crypto analyst and trader known as Smart Contracter believes that some major altcoins are likely to experience a bullish ride soon. He suggests that it’s time to go long towards a few altcoins as he also claims that near the $22,000 area Bitcoin was flashing a bear pattern which indicates an upcoming strong support level.
Bitcoin Price Range Prediction
Another fellow analyst Altcoin Sherpa has an opposite opinion about Bitcoin and predicts that it will mostly trade between $30,000 and $13,000 range for the next few months.
Risk Management For Crypto Market
Elena R is an expert in technical analysis and risk management in cryptocurrency market who has been researching new insights coming into the crypto arena for more than 10 years now. She offers tips on how to manage risks while trading cryptocurrencies in order to minimize losses or maximize profits depending upon one’s strategy accordingly.
Conclusion
The crypto market is constantly evolving so traders must keep themselves updated with all kinds of news related to cryptocurrencies in order to stay ahead of their competition and make informed decisions when investing in digital assets like Bitcoin and other altcoins
