Bitcoin’s (BTC) price inched higher over the weekend as bulls try to enforce a trend change while bears attempt to stall the relief rally. On-chain monitoring resource Whalemap highlighted that $38,000 is the critical zone for the whales during any correction as whales had accumulated in this zone last week.
On the upside, trader Pentoshi believes that could face stiff resistance near the 2022 yearly opening price of about $46,000. However, if Bitcoin remains strong, Pentoshi expects altcoins to start performing, especially since several of them have corrected sharply in the past few months.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Read More: BTC, ETH, BNB, ADA, SOL, XRP, LUNA, DOGE, DOT, AVAX By Cointelegraph