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Price analysis 4/14: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC
© Reuters.
(BTC) and Ether (ETH) are trading above the psychologically important levels of $30,000 and $2,000, respectively, suggesting the crypto winter may be on its last legs.
Some analysts are calling for an altseason to begin, but it may be too early for that. When most crypto bears turn bullish, Bitcoin will likely turn down sharply and catch the late entrants off guard. That could hurt sentiment in the short term and cause a sell-off in altcoins. After the weak hands are shaken out, the crypto markets may stabilize and begin a sustained uptrend.
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