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’s price took a dive along with most other assets as Ethereum fees continue to dip.
Bitcoin is showing signs of profit booking, resulting in a slight downturn in altcoin prices.
Bitcoin hit a new 2020 high and altcoins rallied as PayPal announced that it will support crypto payments.
Bitcoin’s price tested $11,800 Monday as investors continue to put BTC into new DeFi protocols.
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.
Bitcoin’s price is rebounding after an OKex-related dip. Meanwhile, ether options traders have a bearish “beacon chain” attitude.
Bitcoin and altcoins must rebound off their immediate support levels to recapture bullish momentum and resume the uptrend.