Bitcoin (BTC) has been consolidating above $35,000, but the bulls have struggled to push the price above $38,000, indicating hesitation to buy at higher levels.
Analysts believe Bitcoin may enter a correction in the near term, with a potential drop to $30,000, but it is unlikely to start a bear phase.
Altcoins like SOL, LINK, NEAR, and THETA are showing signs of resuming their uptrends as Bitcoin takes a breather.
SOL is finding support at the breakout level of $59 and may climb to $68.20 and $77 if it breaks above $59.
LINK’s pullback is finding support at the 20-day EMA and may rise to $16.60 and $20 if it overcomes resistance at $15.38.
NEAR rose above the resistance at $1.72, indicating a potential trend change, and may rise to $2.40 if it clears the minor resistance at $2.
THETA is finding support at the 20-day EMA and may rise to $1.05 and $1.20 if it breaks above the psychological level of $1.
Summary:
– Bitcoin is consolidating above $35,000 with resistance at $38,000.
– Altcoins like SOL, LINK, NEAR, and THETA are showing signs of resuming their uptrends.
– SOL may climb to $68.20 and $77.
– LINK may rise to $16.60 and $20.
– NEAR may rise to $2.40.
– THETA may rise to $1.05 and $1.20.
