Is This Weekend's Dip an Altcoin Shakeout?
Photo: Investing.com
This inexplicable weekend dip makes me think that it is a shakeout.
There isn't any news or reason, just a sudden flush.
Altcoins are in a sea of red.
I saw an article from bitcoinist from five days ago, mentioning that a bitcoin shakeout is coming, so this could be it.
Then, there’s also this news from just yesterday says that bitcoin just made a $420 million comeback in 24 hours, fueled by big institutional buys. BlackRock alone added $351 million through its ETF!
The price hit the $96K mark and is sitting in a key resistance zone.
So a small pullback could be expected.
Even with this, the trend still looks bullish, so I’m staying hopeful! 👍
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