Analysis Daily TheBitTimes.com

Bitcoin price has flatlined, but TON, XLM, XMR and MKR are showing signs of bullish momentum. Bitcoin (BTC) traded in a narrow range this week and is on target to form the third consecutive Doji candlestick pattern on the weekly chart. The cryptocurrency markets did not receive any support from the United States equities markets, which ended the week on a negative note. The S&P 500 Index dropped 1.3% while the Nasdaq closed down 1.9%.  Bitcoin’s weakness has dragged several altcoins lower, with many testing multi-week lows. This indicates that the broader crypto market is in a firm bear grip. Negative markets make it difficult for buyers to identify short-term bullish trades as rallies hardly sustain. However, it could be a good time for long-term investors to build a portfolio. Crypto market data daily view. Source: Coin360 According to a recent Amberdata report, 24% of asset management firms are appointing senior executives dedicated to the implementation of digital strategies....

SHIB, UNI, MKR and XDC show signs of strength even as Bitcoin price remains stuck inside a narrow range. Bitcoin (BTC) is on track to form two successive Doji candlestick patterns on the weekly charts but a positive sign is that the price is sustaining above the 20-week exponential moving average ($28,072). This suggests that the bulls have not lost their grip. Popular trader TechDev used the three-week timeframe to show that Bitcoin’s compression above the 20-period moving average was approaching values seen only four times since Bitcoin’s creation. Interestingly, on all three previous occasions, the expansions happened to the upside, suggesting that history favors the bulls. Crypto market data daily view. Source: Coin360 However, in the near term, the lack of volatility has pulled Bitcoin futures trading volumes to their lowest levels since December 2022. Cointelegraph contributor Marcel Pechman believes this shows that trader s may have shifted to other markets or maybe avoiding m...