Bitcoin Rally Pushes Crypto Into Green for September, But Alts Are Lagging

Bitcoin's recent rally has propelled the overall crypto market into positive territory for September, with an average monthly gain of 2.7%. The global cryptocurrency market cap now stands at $4 trillion, with Bitcoin trading above $114,400 and Ethereum around $4,200. However, altcoins such as Cardano and Dogecoin are struggling, with Cardano down about 1% and testing critical support levels. The technical indicators for Bitcoin suggest a potential cooling phase, exhibiting a golden cross configuration, indicating a bullish trend. Despite this, the market shows mixed signals, with a weak ADX suggesting a lack of trend strength. For Cardano, a possible death cross could indicate more losses ahead if momentum doesn't recover. Dogecoin, while showing significant long-term potential, is currently near a crucial support level, with analysts anticipating continued volatility. Market sentiment indicates a cautious outlook for the coming days, with traders predicting Bitcoin could face resistance at $116,000 before reaching higher gains.

Source 🔗