Bitcoin’s strength above the $11,500 multi-year resistance is also pulling many altcoin prices higher.
Bitcoin and select altcoins have broken out of their bullish setups, hinting that further upside could occur through the weekend.
Bitcoin and altcoins could remain range-bound for a few days as traders search for triggers that will start the next trending move.
Traders are attempting to kickstart a new trending move in Bitcoin and altcoins by attacking overhead resistance levels.
The bulls are buying the dips in Bitcoin and a few altcoins, suggesting that investor sentiment remains positive.
Bitcoin and a few altcoins continue to push against resistance at higher levels, suggesting that the uptrend may resume soon.
Bitcoin and altcoins may hit a few roadblocks in the short-term as they near stiff overhead resistance levels, but the overall trajectory remains bullish.
The tight consolidation in Bitcoin and a few altcoins points to a potential breakout within the next few days.
Bitcoin and altcoins rebounded off their critical support levels, possibly creating a path to a new bullish uptrend.
Bitcoin and altcoins are at risk of a deeper correction if they do not rise above their immediate resistance levels soon.