Ansem: Bitcoin Needs to Reclaim $112,000 to See Bullish Sentiment

BlockBeats News, October 19th, Cryptocurrency KOL Ansem posted that, looking at the weekly charts of XRP, SOL, and ETH, I simply cannot be bullish on this market, especially with BTC price falling back below the highs of 2024. I don't see a bull market scenario; what I see is the end of momentum and a price decline.

The market lacks a new narrative, MSTR also peaked in November 2024, and the ETH/BTC exchange rate has risen as it does at the end of each cycle. The only thing that could change my mind is if Bitcoin goes back above $112,000.