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Technical charts, particularly the shape of candlesticks, often reflect the psychology behind the market, highlighting trader sentiment and behavior. Since Friday, at least two bitcoin (BTC) candles have indicated bullish undercurrents at multi-month lows, providing a glimmer of hope for crypto bulls. The chart below shows that BTC's price decline has stalled at the 200-day simple moving average support level since last Wednesday. Daily candles for Tuesday and Friday are of particular interest, as both have small bodies with long lower wicks, hinting at bear failures below the 200-day SMA. In other words, on both days, sellers initially pushed prices below the key average but failed to establish a foothold there, likely due to buyers stepping in to protect the support level. Such candles appearing after a notable downtrend, which is the case in BTC, signal a potential bullish reversal. Traders usually see it as evidence of weakening selling pressure that might translate into a renewed bullish phase. So, BTC could bounce back to Sunday's high of around $95,000, above which traders may once again set sights on the $100,000 mark. On the flip side, a downside break of the 200-day SMA could deeper losses. $BTC

$ETH / $BTC - Market Update Ethereum is facing heavy downside pressure against Bitcoin, continuing its sharp decline. This move makes sense as the market is flooded with new altcoins, creating competition for liquidity and investor attention. 📉 Why is ETH Underperforming? 🔹 Increased Altcoin Supply – More projects mean capital is spread thin. 🔹 Bitcoin Dominance Rising – BTC remains the safe haven in volatile markets. 🔹 Weak Institutional Demand – Big players are favoring BTC over ETH. 📊 What’s Next? With Ethereum struggling, it's more important than ever to choose your investments wisely. Not all altcoins will survive this cycle—select strong projects with real utility. Are you shifting your focus to BTC, or do you still believe in ETH’s recovery? Let’s discuss.

Mr. @PeterSchiff is one of the public figures I met when I entered the crypto space in late 2018. Bitcoin's price was around $3,000 at that time, and Mr. Peter Schiff was known for one thing—fudding Bitcoin and choosing gold over it. So, Mr. Peter Schiff has fudded $BTC from…

$BTC is trading above the 200 EMA again. Let's see if we can settle above $90K ...

El Salvador isn’t backing down on Bitcoin! 🇸🇻📈 President Nayib Bukele says they’ll keep buying $BTC—despite pressure from the IMF to stop. 🚀