Latest Updates Around The World
Bitcoin has consolidated around the $90,000 level as cautious investors await the upcoming Fed meeting as a potential catalyst for the next move. The cryptocurrency was trading at the $89,705 level.In the past 24 hours, Bitcoin and Ethereum are down 0.19% and 0.62% respectively. Among the major altcoins, Solana, Tron, Dogecoin and Cardano fell almost […]
TLDR: The current altcoin market structure reflects the August 2019 setup with matching falling wedge patterns and macro conditions. Both periods see an end to quantitative tightening, which historically indicates an increase in liquidity and outperformance of altcoins. Extreme bearish sentiment and capitulation narratives today parallel the ICO bubble pessimism of 2019 before the rally. […]
