Weekend Strategy for Cryptocurrencies: Bitcoin is preparing for a new attempt to break the 106K barrier
BE CAREFUL WITH THIS FILE HE IS NOT A FINANCIAL ADVISOR NOR IS HE SAYING WHAT TO DO OR NOT TO DO. IT'S JUST MY OPINION ABOUT IT
A week of profit-taking and negative performance for the 10 largest cryptocurrencies by market capitalization over the last 7 days. These corrections are healthy, beneficial, and allow the market to consolidate previous gains, setting the stage for a new, more solid directional push.
Bitcoin's volatility remains remarkable, and it’s something we will have to live with throughout 2025. Currently, it is undergoing a consolidation phase after strong rallies, establishing support levels around $92,000 and resistance at $106,000.
Here’s a breakdown of the performance of the 10 largest cryptocurrencies by market capitalization over the last 7 days and the last 24 hours. The total number of cryptocurrencies in the market is 10,797, with a market capitalization of $3.57 trillion, of which Bitcoin represents 58.5% and Ethereum 10.9%.
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