Bitcoin is on track for its fifth consecutive weekly decline, making it the longest streak since the year 2022. According to PANews, this also represents the fifth consecutive month of decline, making it the second-longest streak in history. The only longer period of decline was a six-month stretch from 2018 to 2019.
Report indicate that BTC has been stuck between two liquidity zones right now. On the upside, there is a liquidity cluster around the $69,000-$70,000 level. On the downside, there's one sittting around the $66,000 level. The crypto market is looking weak today, so a sweep of downside liquidity followed by a rally makes sense.
On the altcoin side: Ethereum ($ETH) is holding steady with strong DeFi activity, making it a reliable pick for longer-term plays. Solana also shows potential with network growth and rising transaction volume could see momentum if BTC stabilizes. XRP ($XRP) remains interesting for cross-border use cases and regulatory clarity.
Stay Alert!
