Unus Sed Leo News

Bitcoin and altcoins have held their immediate support levels, suggesting the start of a relief rally in the short term.

Traders expect Bitcoin to swoop below its swing low before the price flattens out and altcoins begin to recover.

Unus Sed Leo price technicals, however, suggest that the uptrend could correct in H2 2022.

More downside pressure across crypto amid challenging regulatory events in both the U.S. and Europe.

Bitcoin and altcoins gave up the gains of last week’s relief rally and June 29’s dip below $20,000 suggests bears are intent on pushing the market back to its yearly lows.

A handful of on-chain metrics suggest that Bitcoin could be close to bottoming, and if true, the eventual relief rally could induce sharp gains from altcoins.

BTC and select altcoins attempted a reversal, but are facing heavy selling at higher levels, which is proof that bears remain in control of the wider market.

Bitcoin and select altcoins attempted a relief rally, but most breakouts are being capped-off well below the 20-day moving average.

Bitcoin price struggles to hold support at $20,000, and the outcome of this battle between bulls and bears will determine the next directional move.

BTC and select altcoins notched small gains after the Federal Reserve rolled out a 75 basis point rate hike, but technical analysis suggests that further downside is the most realistic outcome.

Bitcoin and altcoins are seeing heavy selling as June 13’s massive unwinding could be the final capitulation-level event before the market finally hits a bottom.

The list is curated after studying the drawdowns of the top 30 crypto assets by market cap from their record highs.

BTC continues to lose ground, but if the $40,000 level is reclaimed, LEO, MANA, KLAY and XTZ could be the first to recover.

The token surged almost 70% in a day after the DOJ announced that it had recovered most of the stolen funds from the 2016 Bitfinex hack.

BTC’s attempt to flip $42,000 to support could pull altcoin traders into ETH, NEAR, MANA and LEO.