Altcoins Recover Amid Subsiding Tension in the Middle East
- Ran Neuner thinks the recent pullback has plunged the cryptocurrency market into full reset.
- According to Neuner, tension in the Middle East triggered the recent pullback in the crypto market.
- Bitcoin is attempting to reclaim a bullish position above a crucial support line.
Ran Neuner, host of the crypto YouTube Channel Crypto Banter, thinks the recent pullback has plunged the cryptocurrency market into full reset. According to Neuner, the crypto market is set for a bull run.
In a recently uploaded video, Neuner noted that the tension in the Middle East triggered the recent pullback in the crypto market. However, with the tension subsiding, the altcoin market has started recovering. He thinks the current state of the crypto market provides a buying opportunity for users, even though they have to be careful to avoid altcoins that will stall.
Starting with Bitcoin, Neuner highlighted that the flagship crypto is at a crucial level. He showed that the recent pullback pushed Bitcoin below the support line in an ascending triangle on the daily chart.
However, with the recent recovery, the pioneer crypto is attempting to reclaim a bullish position above the su…
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