As altcoins undergo corrections and Bitcoin stagnates under resistance, the cryptocurrency market enters a critical phase, with traders preparing to take decisive action.
The altcoin market shows signs of weakness, having peaked at $1.6 trillion in July, and is currently retracing from a 60% gain, stagnating at $1.44 trillion.
Bitcoin struggles below the resistance level of $115,700, with bearish pressure increasing, as failure to break through $119,000 could lead to a drop below $100,000.
With both altcoins and Bitcoin hovering near critical technical levels, the market enters a high-risk zone, indicating the potential for severe volatility in the future.
As Bitcoin and altcoins enter critical technical areas, the cryptocurrency market is issuing warning signals. Analysts have warned of a potential crash or significant surge in the future.
