Market bulls are losing the battle this weekend. On Saturday, a lot of top coins are revisiting lower supports. in the overall market cap, this is set for the $350B support level.
Though much of this has been instigated by Bitcoin which has more than 50% of the market dominance, altcoins are the highest losers in the last 24 hours.
Bitcoin has lost a moderate 3% to drop to $11,500. Most altcoins on the other hand have lost as much as 10% breaching below critical supports.
The latest drop is a warning shot to investors that while investors are largely optimistic, there is still much resistance at higher levels.
And as Bitcoin retracts and fails to break above $12K so does selling pressure increase for holders.
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