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Gate Square New & Returning Creator Rewards are ongoing!
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Analyst Ran Neuner is cautiously optimistic about the cryptocurrency market. He pointed out that Bitcoin recently broke above the 50-day moving average and successfully retested it, while Ethereum, Solana, and XRP also showed similar trends. He emphasized that the return of Coinbase premium indicates a recovery in demand in the US and that market structure is healthier, with altcoins outperforming Bitcoin. However, Neuner warned that the key is whether Bitcoin can break through and hold near the $107,000 200-day moving average; failure to do so could lead to Bitcoin falling back to the $60,000 200-week moving average.