Chain Reactions: Bitcoin Needs A Direction, Pepe Wants A Bottom

Chain Reactions: Bitcoin Needs A Direction, Pepe Wants A Bottom

Friday, 4:34pm and 4:35pm can't come soon enough. Wait, that's it, and how fast can we type in Coinhead using this old school journal binary method? Meanwhile, what is happening in the cryptocurrency market?

Actually, before we look at our headlines and some price action to offset the day and work week, let's do a "vibration check, real quick." Thanks to the leading cryptocurrency market sentiment tracker…

Source: Alternative.m © Source provided by Stockhead : Option.m

Hmm, no, you don't know why we're bothering you. This means that the arrow has been bearish for the past few weeks, which is probably a good indicator of where investors are in terms of asset risk.

where is bitcoin

It's still a questionable cryptocurrency and probably always will be (sorry Ethereum fans) and traders and analysts who dominate the market with 44.3% are trying to figure it out first. Infernal works can come to the whole market very soon.

BTC is currently trading at $26,371. It was sitting when we last checked in a few hours ago.

And while all was well, Rekt Capital did not perform as expected, hitting the $26,600 and $26,800 resistance levels.

Be prepared for more hits and/or dips in the short term, then maybe.

Another popular Twitter analyst named Credible Crypto (seems like a good source for unbiased balanced opinions, right?) suggests that Nvidia Tech's recent mega-run is a precursor to a possible liquidity pump. Bitcoin.

Source: CoinGecko.com © Stockhead Source provided by: CoinGecko.com

Is Pepe going down? Does anyone really care?

Maniacs make sure to HODL with $PEPE. They're still doing it in the vague hope that a cartoon frog-themed memecoin might be the next $DOGE, the next $SHIB.

Let's talk to one of these idiots and find out. And here's another one named Bob Rudman.

"Yes, so. This idea could be SHIB's next success story. It's a gamble, I'm not ready to give up yet. The first "thesis" on it was twisting the veil or bra 100 times. I might be late for the first, but the second. I wouldn't be at all surprised if that happened.

"It means more crazy things have happened in cryptocurrency, and I spent $50 to get started."

Hmmm good. "You didn't drop $50" in other funny memes like $MONG, $BOB, $LAMBO, or $WOJAK. Hmm... he's gone.

Anyway, how is Pepe doing now? Surprisingly, it still has a market cap of 100 (#76 on CoinZeco) and a market cap of less than $600 million. One coin is currently trading at $0.00000141 and is up 0.3% in the last 24 hours, but down 8% in the last seven days.

About the topic... The form is below.

Popular crypto trader Altcoin Sherpa PEPE suggests that it could be…

As of this writing, the author of this article owns some quality altcoins, including some Bitcoin and Ethereum, and unfortunately some PEPE dollars.

Post chain reaction. Bitcoin Direction Needs Pepe Looking Down appeared first on Stockhead.

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