Bitcoin, Polkadot and Ethereum – European Wrap 9 February [Video]

Bitcoin price rally is slowing, allowing bulls to take a breather before the next leg-up. While some might argue the short-term outlook looks bearish – due to the flash crash in January, the bigger picture reveals cryptocurrency markets still have the potential to go higher.

 

Polkadot price seems to be at a local top, suggesting that a reversal is likely around the corner. This retracement will be a necessary prerequisite for bulls to recuperate and kick-start a new up-leg. DOT could flip bearish, however, if the sellers take control, triggering a steep correction.

DOT/USDT 1-day chart

Vitalik Buterin doesn’t expect Ethereum per-slot time, the time it takes to add a block to the chain, to reduce in the future and argues the altcoin is more decentralized than its competitors. Ethereum price could break out into a parabolic rally if the uptrend is preserved.