BTC, ETH, BNB, SOL, ADA, XRP, LUNA, DOT, AVAX, DOGE


Bitcoin (bitcoin) and most major altcoins face selling on the highs and buying on the dips, suggesting a possible range formation. On-chain analytics firm Whalemap said that for Bitcoin, “reclaiming $46,500 looks like a trend reversal.” 90,000 BTC in the previous accumulation phase is at this level.

Fidelity Digital Assets says in its annual report that there is a “massive amount” of Bitcoin The accumulation of bitcoin miners Indicates that “the Bitcoin cycle is far from over”. The report goes on to add that more sovereigns are likely to “acquire bitcoin in 2022 and may even see central bank acquisitions.”

Daily cryptocurrency market performance. source: Coin 360

Guido Buehler, CEO of Switzerland-based financial institution SEBA Bank, said in a recent interview that SEBA’s asset pool could invest in bitcoin at the right time if the right counterparties and the necessary regulations are in place.Biller Paints a bullish picture for Bitcoin, indicating a possible rally to $75,000.

Will Bitcoin and most major altcoins remain range-bound in the near term? Let’s study the chart of the top 10 cryptocurrencies to find out.