Bitcoin bulls ‘have work to do’ after XRP price spikes 104%
Bitcoin (BTC) combined near $31,000 on July 14 after a traditional short squeeze stimulated brand-new annual highs.BTC/ USD 1-day chart. The last time that such levels formed part of the chart was in April 2022. Source: TradingViewBitcoin, while considerably more soft, still managed to liquidate $50 million of shorts, according to data from keeping an eye on resource CoinGlass.BTC/ USD liquidations chart (screenshot).
Traders had actually already hoped that Bitcoin would cool its increasing dominance presence to permit altcoin markets to make gains of their own as part of a wider crypto bull market. #AltcoinsAltcoins are preparing for a mega-run imo.Ive been sharing this chart for a couple of months now and everything is going according to plan.
” Fellow trader Crypto Tony voiced disappointment at the lack of a clear breakout from Bitcoins long-established trading range.” BTC/USD annotated chart. Source: Crypto Tony/TwitterAltcoins now due “mega-run” XRP staging a resurgence on the other hand formed the background to a snap drop in Bitcoin market cap dominance.Bitcoin market cap supremacy chart.
Bitcoin (BTC) combined near $31,000 on July 14 after a classic brief capture triggered brand-new yearly highs.BTC/ USD 1-day chart. The last time that such levels formed part of the chart was in April 2022. Source: TradingViewBitcoin, while significantly more muted, still managed to liquidate $50 million of shorts, according to information from keeping an eye on resource CoinGlass.BTC/ USD liquidations chart (screenshot). Source: Crypto Tony/TwitterAltcoins now due “mega-run” XRP staging a resurgence meanwhile formed the background to a snap drop in Bitcoin market cap dominance.Bitcoin market cap dominance chart.
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