Tezos (XTZ) Reaches Critical BTC Support as Sellers Grow Aggressive

Tezos has been caught within a firm consolidation phase against its USD trading pair in recent weeks, with the cryptocurrency being unable to garner any clear independent momentum. That being said, one analyst observed that the cryptocurrency has been showing some signs of intense weakness against its BTC trading pair.

At the moment, XTZ is attempting to shatter this consolidation phase, but it is running into some resistance at the upper boundary of this range. Analyst: XTZ Shows Hints of Weakness Against Bitcoin as It Plunges Towards Crucial Support  While looking towards Tezos’ Bitcoin trading pair, one analyst explained that it is currently sitting at the lower boundary of a long-held range.

Timeline of Bitcoin, Tezos