- Altcoin Marketcap shows resilience above $700B, eyeing $1.2T resistance amid volatile crypto trends.
- Bitcoin drops to $43,173, losing recent gains, but maintains high trading volume, signaling active market interest.
- Arbitrum bucks market downtrend, rising 0.59% in 24 hours with a 23% weekly increase, showing potential growth amidst overall crypto dip.
Altcoin Marketcap is retesting its High Time Frame (HTF) support levels following a strong pullback. As highlighted by “Mags”, a prominent blockchain figure on X, the market is remarkably maintaining a robust position above the $700 billion mark. This lays the groundwork for a potential surge toward the next key resistance point at the $1.2 trillion mark.
#AltcoinThe recent pullback in the Altcoin Marketcap appears to be a re-test of the HTF support.
The price is holding nicely above $700 billion, next important resistance is near $1.2 trillion. pic.twitter.com/uc2X4o1pG6
— Mags (@thescalpingpro) January 4, 2024
Bitcoin briefly surpassed $45,000 earlier this week. However, it has since dipped to $43,173, a 2.30% decline over the last 24 hours, as per data from Coingecko.
This fall positions Bitco…
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