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Is Bitcoin (BTC) in Secret Downtrend?
Dogecoin (DOGE) Breaks Key Resistance Level, Ethereum (ETH) in Pain With No Signs of Breaking Through
As the crypto market continues to experience volatility, there are growing concerns about a potential downturn. This sentiment may be fueled by recent price movements and trading volume data.
In this article, we will explore whether Bitcoin is indeed in a secret downtrend, while also discussing Dogecoin’s impressive break above key resistance and Ethereum’s struggles to regain momentum.
Bitcoin (BTC) in Secret Downtrend?
Over the past week, Bitcoin has been experiencing a significant decline. While it may seem like a minor correction, there are hints of a potential secret downturn. According to recent data, trading volume is decreasing, which could be an indication that investors are losing confidence.
In addition, the number of wallets holding BTC is also showing signs of contraction. This suggests that even though prices have stabilized slightly, the market sentiment is quite different from what we’ve seen in the past.
While I wouldn’t say Bitcoin’s fundamentals are drastically changing, there’s a sense of caution in the air.
On a more positive note
Source: u.today
