Bears try to flip to resistance bulls' well-earned support. Altcoins, in the meantime, dream green in a red pond.
from the Nasdaq , which has been hovering close to positive territory.
. Glassnode data shows that Bitcoin's supply that has not moved for at least a year has hit above “64% for the first time ever.”“over the three to five years.” The hedge fund now plans to reposition itself by allocating a majority of its assets under management to digital assets and become the “leading cryptocurrency asset manager and adviser:”
Conversely, if the price turns down from the 20-day EMA, it will suggest that the sentiment remains negative and bears are selling on rallies to strong overhead resistance levels. The pair could then decline to the support line of the channel. Conversely, if the price turns down from the psychological level at $3,000, it will suggest that bears continue to sell at higher levels. If the pair slips below $2,797, the pair could drop to the uptrend line.broke below the immediate support at $391 on April 25 but the long tail on the day’s candlestick shows that bulls are buying at lower levels.If the price sustains and closes above $391, the bulls will strive to push the BNB/USDT pair above the 20-day EMA .
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