Crypto market in limbo as technicals hint Bulls vs. Bears fight ahead
The general cryptocurrency market has been on a bullish momentum in recent weeks, led by Bitcoin (BTC), with anticipation that the positive gains will likely continue, backed by factors such as favorable regulations. Amid the anticipation, crypto analyst AlanSantana in a TradingView post on November 29, suggested that the market appears to be hanging in the balance as technical indicators suggest a potential showdown between bullish and bearish forces. Despite a generally positive technical picture marked by rising prices, new highs, and trading above moving averages, the analyst emphasized the need to remain vigilant, noting that the market, known for its volatility, has shown a history of swift reversals. Bitcoin price analysis chart. Source: TradingView “While the chart technical s are definitely bullish, things can always change. Change comes after a prolonged period of seeing the same. Change is always present and at work, it can be happening behind the s...