Besides, significant amounts of coins were moving towards the stock exchanges, that may be a signal that some players are ready to take profits after the recent rally. If so, it is an important sign that the market participants see levels below $9,000 as attractive enough for sale. On the other hand, BTCUSD has exceeded the 200-day average and is still above it, highlighting a possible trend reversal.
As for the altcoins, as expected, the most significant decline is seen in the Bitcoin SV (-21%), after almost four times the price increase in less than a week. Other altcoins are losing less, but they were growing more modestly as well.
The FxPro Analyst Team