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Cryptocurrency News Video
Price analysis BTC, ETH, SOL, BNB, XRP, ADA, AVAX, DOGE, LINK, DOT
Feb 18, 2024 at 02:10 pm Sayarat
Price analysis BTC, ETH, SOL, BNB, XRP, ADA, AVAX, DOGE, LINK, DOT
Spot Bitcoin ETF demand remains robust, but Bitcoin could face stiff resistance near $52,000. How could altcoins react?
Bitcoin BTC tickers down $51,756 rallied above $52,000 this week and the rally shows no signs of tiring out. That indicates continued demand for Bitcoin at every higher level. A report by on-chain data analytics firm CryptoQuant said they estimate that more than “75% of new investment into Bitcoin” comes from the spot Bitcoin exchange-traded funds.
However, nothing goes up forever. Several analysts suspect the rally is getting overheated in the near term. It is difficult to call a top when the momentum is strong, but every euphoric moment eventually peaks and is followed by a sharp correction.
Bitcoin price analysis 00:05
Ether price analysis 02:23
Solana price analysis 03:19
BNB price analysis 04:06
XRP price analysis 05:02
Cardano price analysis 05:52
Avalanche price analysis 06:41
Dogecoin price analysis 07:30
Chainlink price analysis 08:15
Polkadot price analysis 09:03
#unitedstates #bitcoin #crypto
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