ANALYSIS Unveils the Hopes for Bitcoin and Solana (SOL)! Levels That Must Be Surpassed for Bullish Confirmation!
Bitcoin (BTC) recently dropped to $83,300 due to profit-taking, alongside declines in major altcoins such as Ethereum (ETH), Solana (SOL), and XRP which fell by up to 5%. FxPro analyst, Alex Kuptsikevich, noted that Bitcoin and Solana are at a critical point, testing their 50-day moving averages. For Bitcoin to rise, it must surpass the 200-day average, which indicates a potential trend change. Kuptsikevich emphasizes that while cautious trading of Bitcoin above the 50-day average is a positive sign, it faces resistance that may hinder recovery. Conversely, Solana shows resilience compared to other altcoins and, if it remains above its 50-day average of around $130, could rise to $145, with further increases potentially reaching $180.