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A widely followed analyst is outlining the potential path forward for Bitcoin (BTC), Solana (SOL) and other crypto assets. The analyst pseudonymously known as InvestAnswers tells his 563,000 YouTube subscribers that Bitcoin, Solana and other crypto assets are in a “classic bear trap.” A bear trap is a situation where a decline is interpreted as the start of a bearish trend when it is a temporary development that will reverse upwards. “I think we’re still in the bull market. I’m 95% sure we’re still in the bull market. But this bear trap is designed to break your heads. Do not leave. Do not leave at this stage, ladies and gentlemen.” Turning to Bitcoin, the pseudonymous analyst says that a bullish reversal pattern has formed on the crypto king. “[Bitcoin has] been staggering around this area [around $82,000] for like seven or eight days. So it’s a classic double bottom, which is what I like to see.” Bitcoin is trading at $81,6...

Altcoins have been underperforming this cycle, raising doubts on whether this time will be different from previous altseasons. A crypto expert and onchain analyst provided one explanation of why it could be happening, looking at market dynamics. Previously, a market bull cycle was made of Bitcoin (BTC), reaching new highs and money rotating to altcoins. This dynamics created what analysts call an “altseason,” when other cryptocurrencies outperform Bitcoin, sending its market dominance downwards. On November 27, Ki Young Ju, CEO and analyst at CryptoQuant , noted that altcoins’ market cap lags behind that of Bitcoin. According to him, this is caused by a significant change in the demand for Bitcoin – away from spot exchanging. Picks for you SUI prepares for its largest unlock to date this Sunday – Should you be worried? ...

Analysts weighed in as Bitcoin (BTC) shows strong momentum, expecting liquidity will soon “start to flow into altcoins.” While some highlighted Bitcoin’s growth limitations, others have identified 30x-return opportunities with solid altcoins, warning against settling for 30% gains. Finbold has reported many analysts and trading experts anticipating an “altcoin season,” or “altseason,” with indicators validating this idea. These traders have been building positions on solid cryptocurrencies while using the Bitcoin Dominance Index (BTC.D) as a benchmark. Recently, another analyst shared a similar insight on Bitcoin’s movement and expected liquidity flow into altcoins. On November 8, Andrei Sobolev shared an insight looking at TradingView ’s Crypto Total Market Cap Excluding BTC Index (TOTAL2). Picks for you Why Dogecoin’s next minimum target...

Render (RNDR) has been consistently registering notable gains with small losses over the past 60 days while the market has been affected by different factors. RNDR is up by 3.65% in the past 24 hours and is trading at $1.79 at the time of writing. The asset’s market capitalization rose to roughly $665 million while its 24-hour trading volume has plunged by 9.5%, declining to $36.8 million.  RNDR price, whale activity and social activity – Oct. 11 | Source: Santiment Render’s surge came while the market wide bullish momentum has been fading away. One of the most important bearish factors is the Israel-Palestine war.  You might also like: Crypto might fluctuate due to Israel-Palestine war, analyst says According to data provided by the market intelligence platform Santiment, RNDR’s social volume surged by around 50% over the past day. The hike comes while the asset’s social activity registered a 45% decline on Oct. 9. On the other hand, per Santiment, the...