Analyst Ran Neuner is cautiously optimistic about the cryptocurrency market. He pointed out that Bitcoin recently broke above the 50-day moving average and successfully retested it, while Ethereum, Solana, and XRP also showed similar trends. He emphasized that the return of Coinbase premium indicates a recovery in demand in the US and that market structure is healthier, with altcoins outperforming Bitcoin. However, Neuner warned that the key is whether Bitcoin can break through and hold near the $107,000 200-day moving average; failure to do so could lead to Bitcoin falling back to the $60,000 200-week moving average.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Analyst Ran Neuner is cautiously optimistic about the cryptocurrency market. He pointed out that Bitcoin recently broke above the 50-day moving average and successfully retested it, while Ethereum, Solana, and XRP also showed similar trends. He emphasized that the return of Coinbase premium indicates a recovery in demand in the US and that market structure is healthier, with altcoins outperforming Bitcoin. However, Neuner warned that the key is whether Bitcoin can break through and hold near the $107,000 200-day moving average; failure to do so could lead to Bitcoin falling back to the $60,000 200-week moving average.