Bitcoin is trading around $87,000 on Tuesday as liquidations stand at $188.74 million over the past 24 hours.
Bitcoin ETFs saw $19.3 million in net outflows on Monday, while Ethereum ETFs reported $9.63 million in net outflows.
What’s Holding Markets Back
Michael van de Poppe said Bitcoin continues to face rejection above $88,000 and remains locked in a multi-week consolidation range.
While prolonged compression often precedes a major move, he stressed that patience is required until a clear breakout or breakdown emerges.
Crypto chart analyst Ali Martinez noted that Bitcoin printed a death cross between the 10-week and 50-week simple moving averages about three weeks ago.
The pattern is historically bearish and signals weakening momentum.
Ted Pillows said the release of the FOMC minutes could trigger short-term volatility.
For any sustained upside, Ethereum must reclaim and hold above the $3,000 level, which he identified as a key pivot.
Crypto Tony highlighted $118 as a critical support level for Solana. A clean break below this zone would significantly weaken its technical structure.
Cryptocurrency |
Ticker | Price |
| Bitcoin | (CRYPTO: BTC) | $87,823.98 |
| Ethereum | (CRYPTO: ETH) | $2,972.70 |
| Solana | (CRYPTO: SOL) | $124.19 |
| XRP | (CRYPTO: XRP) | $1.85 |
The broader meme coin market slipped 0.9% to a total market capitalization of $42.2 billion.
Crypto trader Javon Marks said Dogecoin’s breakout target stands near $0.6533, representing roughly 401% upside from current levels.
He added that price action since early 2022 continues to suggest a broader uptrend.
A decisive move above $0.6533 could open the door to a rally toward $1.25.
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