Ethereum, Solana, XRP Outpace Bitcoin: Is The Altcoin Trade Here To Stay?
Bitcoin (CRYPTO: BTC) is entering a phase of technical consolidation while maintaining strong upside momentum, according to new insights from Glassnode and Fairlead Strategies.
What Happened: Analysts suggest that recent price action reflects a constructive setup for further gains, particularly over a multi-month horizon.
Bitcoin traded around $118,800 on Tuesday morning, after briefly touching a new all-time high above $123,000 on July 14.
Despite a slight pullback, both on-chain and technical indicators signal continued investor confidence and robust capital flows.
Fairlead Strategies, in their July 21 outlook, identified a “measured move” target of $134,500 in the intermediate term, citing supportive long-term momentum and a breakout from prior resistance levels.
“The long-term momentum has reaccelerated with the breakout,” Fairlead wrote, noting that short- and intermediate-term indicators remain firmly bullish.
The technical …
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