Bitcoin (BTC) risks “rolling over” to cancel its latest uptrend, new analysis warns as altcoins surge.
In a post on X (formerly Twitter) on Dec. 9, popular analyst and social media commentator Matthew Hyland flipped cautious on BTC price action.
Bitcoin dominance risks violating key level
Bitcoin bulls kept momentum hot into the end of the week’s Wall Street trading — BTC/USD sealed new 19-month highs of $44,729 on Bitstamp on Dec. 8.
Data from Cointelegraph Markets Pro and TradingView tracked a subsequent return below the $44,000 mark, with Bitcoin cementing itself in an intraday range.
BTC/USD 1-hour chart. Source: TradingView
For Hyland, however, there are more sinister signs that…
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