BTC failed to overcome the resistance zone of $28,700 – $28,850. Meanwhile, Ether came close to setting new yearly highs. The situation is complicated, with bulls showing their strength in the cryptocurrency market, alongside growth in the stock markets.
There were many positive news items on Friday, including:
However, there are also negative factors:
Even if there is a correction over the weekend, by the end of Sunday, the market will likely rise again to the $28,500 level for BTC, since Friday’s closure was too strong.
News
Bittrex, once a major exchange, is leaving the US market and now occupies a negligible market share. This loss may go unnoticed, but overall, it is a negative sign.
Base Scenario
These weekends are a mystery to me. On Saturday, I expect a flat in BTC and a decrease in altcoins.
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