Bitcoin price looks slightly overextended in the short-term and may take a break while altcoins play catch-up.
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Bitcoin price looks slightly overextended in the short-term and may take a break while altcoins play catch-up.
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After reaching a new 2020 high, Bitcoin traders are fighting to flip $14,100 to support and Ethereum is attempting to do the same to the $400 level.
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Bitcoin’s consolidation near a key overhead resistance is a sign of strength but the technical structure of most altcoins has weakened.
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Altcoins took a serious hit as Bitcoin dropped below $13K today, meanwhile, BTC’s macrostructure remains bullish.
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Bitcoin and altcoins are showing signs of short-term exhaustion, meaning a few days of consolidation could occur.
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Bitcoin is showing signs of profit booking, resulting in a slight downturn in altcoin prices.
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Bitcoin hit a new 2020 high and altcoins rallied as PayPal announced that it will support crypto payments.
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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.
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Bitcoin and altcoins must rebound off their immediate support levels to recapture bullish momentum and resume the uptrend.
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Bitcoin and most major altcoins are sustaining above their immediate support levels, increasing the possibility that the uptrend will resume.
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