On September 24th, in the recovery of Bitcoin in the past month, counterfeit products have shown a strong trend, and analysts believe that the market may be about to usher in the season of counterfeit products.
Trader 360Trader observed that the total crypto market capitalization excluding Bitcoin and Ethereum (TOTAL3) re-tested the upper boundary of the descending channel. Although this key level has been depressing the price since March, a decisive close above this level would confirm "a fatal blow to bears".
ParabolicPump said that as the price of counterfeit products rises, Bitcoin's market share is about to break down from its rising wedge. It is only a matter of time, and every bull market in cryptocurrencies will have a stage where Bitcoin's market share will drop significantly.
Declining Bitcoin market share and structural bullish market for counterfeit products prompt traders to predict "counterfeit products season" is coming
2024-09-24 12:32:06
24 news bitcoin a recovery counterfeit products performance strongdesk3cryptocurrencydesktopCrypto News
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