Bitcoin continues to range trade, and altcoin traders are starting to view BTC’s price consolidation as a positive sign for the rest of the crypto market.
Bitcoin and several altcoins are taking a breather after the sharp rally of the past two days, but the general trend remains bullish.
Bitcoin continues to face strong resistance at $31,000, but supportive macroeconomic factors could tilt the advantage in favor of the bulls.
Bitcoin and select altcoins are finding buyers at lower levels, indicating a pick-up in positive sentiment.
The rejection of ETF applications by the SEC caused a knee-jerk reaction, but the shallow fall in Bitcoin and several altcoins suggests that lower levels are attracting buyers.
Bitcoin price looks ready to turn $31,000 to support, and many altcoins are following with double-digit gains.
Bitcoin has reclaimed the $26,000 level, but will large cap altcoins follow BTC’s rebound?
Stock markets are showing strength, and selling by crypto traders has taken a pause. Is this a sign that Bitcoin and altcoins are about to reverse course?
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