Bitcoin traders are sitting on their hands after spotting a death cross on the daily chart but could this be a buy signal for contrarian investors?
Looking to build a diversified crypto portfolio? DeFi, stablecoins and oracles are three cornerstone sectors to consider.
On-chain data shows short-term Bitcoin holders continue to capitulate while long-term investors have been buying the dip in anticipation of the market moving higher.
Traders remain cautious following last week’s brutal sell-off, but on-chain data is beginning to signal increasingly bullish activity while the crypto market awaits the next major move.
Bitcoin is witnessing aggressive selling but if key support levels hold, ETH, ADA, SOL, and MATIC may lead the market higher.
As the crypto market plunge takes its toll on Bitcoin profits, some traders are using strategies based on sentiment and trading data to secure outsized gains.
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