Weekend Crypto Watch: BTC Consolidates Above $84K, Altcoins Showing Mixed Signals
Bitcoin (BTC) is currently trading around $84,700, showing signs of consolidation after a week of moderate gains. Key support levels to watch are around $83,500, while resistance sits near $85,500.
Ethereum (ETH) is trading around $1,630, showing slightly stronger momentum than BTC. Keep an eye on the $1,650 resistance.
Altcoins are displaying mixed performance. Solana (SOL) has seen a notable increase, currently around $129. DeFi tokens like AAVE are also showing positive movement. However, some layer-2 solutions are trading sideways.
Key Points:
* BTC consolidating, watch for a breakout.
* ETH showing relative strength.
* Selective altcoin pumps.
* Overall market sentiment remains cautiously optimistic.
#Bitcoin #Ethereum #Altcoins #CryptoAnalysis #MarketUpdate