Crypto Market Close to a Top, With the Possibility of a Slight Decline
Bitcoin rose 2% over the last day, holding the 104k as a key level. The positive factor is that sellers have not yet managed to seize control of the market. However, resilience at high levels may be temporary before the next bounce, and there is considerable pressure near the upper boundary of the current range. In other words, the short-term outlook suggests a decline from current levels.
Crypto News
According to Deribit data, BTC options are balanced, while put options on Ethereum have a slight bias.
According to TradingView, bitcoin miners have almost stopped selling their holdings of the first cryptocurrency in recent weeks, preferring to accumulate coins on their balance sheet. This shift from selling to hoarding could be an…
