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According to Kitco senior technical analyst Jim Wyckoff, “This week’s price action shows a pause in an existing uptrend, which is common and is not bearish. The bulls still have the solid overall near-term technical advantage. There are no significant early technical clues that a market top is close at hand.”on X that the weekly chart for Bitcoin shows a bearish divergence, which he said “is a sign of exhaustion, not continuation.
But the corrections offer a great opportunity for accumulation, Poppe said, especially for the current bull market cycle, which has yet to really see adoption by institutional investors. Overall, Matrixport’s analysis suggested that this unique convergence of regulatory developments, economic cycles, and market dynamics could propel Bitcoin to new heights.It was a mixed bag of performance for altcoins, with a majority of tokens in the top 200 recording losses on Friday as traders took profits on recent gainers but largely refrained from putting those gains back to work in the market.The standout performance of the day came from Uniswap , which surged 50.
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