Bitcoin’s dip below $30,000 triggered a sell-off in altcoins and dip-buying traders might not have enough momentum to cause a relief rally.
Strong fundamentals, increasing daily active users and successful layer 2 trials are pushing DeFi tokens to outperform the broader crypto market.
Altcoins continue to trend higher but Bitcoin price needs to turn $35,000 to support in order for the entire market to gain momentum.
The price of Bitcoin has to break a key resistance level to revive its bullish trend.
Select altcoins are rallying to new all-time highs while Bitcoin remains pinned below $33,000.
Chainlink has entered price discovery and traders should watch several key levels for the next possible top.
Bitcoin price has rebounded above a key trendline but resistance at higher levels may limit the recovery in altcoins.
Strong fundamentals are attracting traders to Hedera Hashgraph, Reef and Perpetual Protocol even as Bitcoin price hangs near a crucial support level.
The price of Bitcoin still has a lot room to drop below $30,000 before the bull market is in trouble.
Bitcoin price continues to drop, pushing select altcoins closer to their critical support levels.