Market Wrap: Cryptos Pare Earlier Losses, Bitcoin Outperforms
BTC is declining less than altcoins, indicating a lower appetite for risk among traders.
BTC is declining less than altcoins, indicating a lower appetite for risk among traders.
BTC appears oversold, although trading conditions have been choppy over the past few days.
Traders continue to hedge against further price declines.
BTC is testing an important support zone, although long-term momentum remains weak.
BTC is stabilizing around $30K while stock market volatility begins to fade.
BTC is on track to register a positive momentum signal on the daily chart.
Bitcoin's average trading volume rose toward its highest level since January, which could point to a brief period of price stabilization.
BTC's upside appears limited despite short-term support.
Some analysts remain cautious and expect lower price returns for bitcoin over the next few months.
BTC is on track for its first consecutive seven-week decline.