saw a $30 billion inflow in the last 24 hours. The main reason, however, is purely technical as no signs of a fundamental reversal appeared in the space previously.have unexpectedly entered the top of the most profitable assets on the market in the last 24 hours, despite the problematic performance we saw on both assets in recent months.Unfortunately, both assets are in complicated positions right now.
Solana, however, is in an even more depressing state as the prolonged consolidation for the asset has already lasted for more than 100 days without SOL making any attempts to break through. The most likely scenario right now is the continuation of the anemic movement on the market until we see a more fundamental reversal.
Even with a spike above $20,000, BTC will still be guided by the strong trendline resistance it was not able to break in the last two breakthrough attempts. However, the ascending trading volume can be considered a positive sign ahead of another breakout effort.In order to exit from the local downtrend, Bitcoin would need to rally toward $22,000 and gain a foothold above the 50-day moving average.
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