2025/02/17 BTC’s range-bound decline

Rather than talking about the bull market in the cryptocurrency world this time, it is better to say that it is the bull market of the top ten coins by market value.

OTHER.D is the market capitalization share of altcoins other than the top ten coins by market capitalization. After reaching its peak in January 2022, it has been in a major correction for two years. It has now fallen below the upward trend line for the past nine years. You can say that the past two years have been a bear market, or you can say that it has been a bull correction!

Several popular currencies that have supported the cryptocurrency market in the past:

SUI: Broke two trend lines in a row and is about to enter the third interval

AAVE: Broke two trend lines in a row and has now entered the third range

ONDO: Broke two trend lines in a row and has now entered the third interval

Finally, let’s take a look at the performance of BTC. It has fallen below the first trend line and entered the second interval. It has not been able to recover for 12 days.

Although it is common to break below the upward trend line during a strong rise, the large transfer of 122,000 bitcoins on 12/6 mentioned in the previous articles has not yet resulted in an obvious sell-off, and USDT.D has reached a reversal point, indicating that BTC may have peaked. In the future, there is a high probability that BTC will make up for the decline and often move closer to the second largest range of the yellow trend line!

#Marketanalysis is for reference only#Doesnot constitute investment advice#Bitcoin#BTC#ETH#SOL #JJBitChannel