84% OF ALTCOINS BELOW 200-DAY MA – $BTC RETESTING $60K 🔥
CryptoQuant just dropped a sobering stat: 84% of altcoins are trading under their 200-day moving average. That's the worst reading since 2020. Big names like BNB, XRP, and SOL are down 60-75% from highs – smaller caps are getting absolutely crushed.
But here's the flip side. The weekly MACD on altcoins just turned positive for the first time in over two years. Analysts say this setup mirrors the 2020 cycle bottom. Bitcoin briefly touched $60K before sliding back, and Ether is hovering near $1,590. Every bounce has faded so far, but that MACD signal is real.
Do you think this is the final washout before a real recovery, or just another dead cat bounce in a prolonged bear market?
Not financial advice. Always manage your risk.
#BTC #Altcoins #BearMarket #CryptoAnalysis #MACD
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CryptoQuant just dropped a sobering stat: 84% of altcoins are trading under their 200-day moving average. That's the worst reading since 2020. Big names like BNB, XRP, and SOL are down 60-75% from highs – smaller caps are getting absolutely crushed.
But here's the flip side. The weekly MACD on altcoins just turned positive for the first time in over two years. Analysts say this setup mirrors the 2020 cycle bottom. Bitcoin briefly touched $60K before sliding back, and Ether is hovering near $1,590. Every bounce has faded so far, but that MACD signal is real.
Do you think this is the final washout before a real recovery, or just another dead cat bounce in a prolonged bear market?
Not financial advice. Always manage your risk.
#BTC #Altcoins #BearMarket #CryptoAnalysis #MACD
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