Increasing volume and a breakout above a key trendline have set Bitcoin price back on the path to $14,000.
Bitcoin’s consolidation near a key overhead resistance is a sign of strength but the technical structure of most altcoins has weakened.
Altcoins took a serious hit as Bitcoin dropped below $13K today, meanwhile, BTC’s macrostructure remains bullish.
Bitcoin and altcoins are showing signs of short-term exhaustion, meaning a few days of consolidation could occur.
Bitcoin is showing signs of profit booking, resulting in a slight downturn in altcoin prices.
Scam websites posing as famous crypto projects ask for private keys so they can steal users’ funds.
Bitcoin hit a new 2020 high and altcoins rallied as PayPal announced that it will support crypto payments.
Bitcoin price may rise to a new 52-week high if it can break above the ascending channel and this move could ignite the altcoins.
Traders are accumulating Bitcoin on dips and a break above $11,600 could resume the uptrend to $12,000.
Bitcoin and altcoins must rebound off their immediate support levels to recapture bullish momentum and resume the uptrend.