Market Wrap: Bitcoin Expected to Rise on Taproot Upgrade

“Bitcoin’s chart has likely become too noisy to remain a reliable indicator of the crypto market, conceding that role to ether,” Alex Kuptsikevich, an analyst at FxPro, wrote in an email to CoinDesk. “If so, a break of this strong uptrend could prove to be the first signal of a correction,” which could encourage buying on dips, Kuptsikevich wrote.