Bitcoin has resumed its journey toward a new all-time high and the renewed bullish momentum is pulling altcoin prices higher.
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Bitcoin has resumed its journey toward a new all-time high and the renewed bullish momentum is pulling altcoin prices higher.
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A few altcoins are trying to start a new up-move even though Bitcoin is struggling to pull above $16,300.
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Bitcoin and several altcoins are showing signs of breaking above their overhead resistance levels, which suggests bulls remain in control.
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The embattled spin-off of Bitcoin shows little signs of life prior to its hard fork as Bitcoin vastly outstrips its performance.
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Bitcoin price is recovering well from its 6% drop to $14,800 but top altcoins are slow to follow.
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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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