What happened with crypto today?
Here I provide an analysis of the behavior of the crypto market (top 100 by capitalization) for this Monday, with fundamental and technical reasons. Additionally, I provide a projection for Tuesday:
š Monday's Summary
1. Technicals ā Consolidation and liquidations
Bitcoin formed a consolidation triangle between USD 116kā117k, support that was briefly broken, which activated automated stop-losses and long liquidations. This falling technical pattern usually triggers short-term drops, as happened on Monday with a ~1% intraday decline.
š Monday's Summary
1. Technicals ā Consolidation and liquidations
Bitcoin formed a consolidation triangle between USD 116kā117k, support that was briefly broken, which activated automated stop-losses and long liquidations. This falling technical pattern usually triggers short-term drops, as happened on Monday with a ~1% intraday decline.
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BTC
114,866.28
+1.00%
