BITCOIN & ALTCOIN PULLBACK (this is next)!!! – Bitcoin News Today, Ethereum, Solana, XRP & Chainlink

The video discusses the current state of Bitcoin and several altcoins, including Ethereum, Solana, XRP, and Chainlink.

Bitcoin:

• Bitcoin is currently in a larger bull market but is experiencing short-term sideways price action due to rejection from a major resistance area between $120,000 and $123,000.
• The price is bouncing between support at $116,000-$117,000 and resistance at $120,000-$121,000.
• The Bitcoin liquidation heat map shows liquidity being taken out on both the upside and downside.

Altcoins:

• Ethereum: Has rejected from a significant resistance area between $3,900 and $4,100, leading to profit-taking and a short-term pullback. Key support levels to watch are $3,500, then $3,200-$3,300, and potentially $2,700-$2,800. A short-term bearish divergence is also playing out.
• Solana: Is retesting a previous major resistance area (the golden pocket) between $191 and $199, which could flip into new support. A short-term bearish divergence is active, suggesting a pullback or choppy sideways action.
• XRP: A massive bearish divergence is forming on the weekly timeframe, which, if confirmed, could lead to a larger correction. In the short term, XRP is potentially breaking below support at $330-$340, with the next likely target being $3-$3.10 if the break is confirmed.
• Chainlink: Is retesting a previous significant resistance area between $17.50 and $18 to potentially flip it into new support. It has rejected from a major resistance area between $20 and $21. A short-term bearish divergence is also active, indicating a likely pullback or sideways movement.

The presenter emphasizes that while there are short-term pullbacks and sideways movements, the larger trend for these cryptocurrencies remains bullish. He also promotes two crypto exchanges, BTEX and Two Bit, highlighting their trading and deposit bonuses.