Bitcoin is facing minor resistance near $50,000 but if this psychological barrier is crossed, a major breakout could occur in select altcoins.
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Bitcoin is facing minor resistance near $50,000 but if this psychological barrier is crossed, a major breakout could occur in select altcoins.
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The price of ADA has surged by 170% in February to new all-time highs in U.S. dollars.
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Altcoins are soaring to new highs while Bitcoin price trades in a sideways range near the $47,000 support.
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Qtum, Status and Iota recently broke free of their long term downtrends after each network added new features and announced new partnerships.
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Bitcoin and select altcoins are witnessing profit-booking at higher levels, a signal that a short phase of consolidation could occur over the next few days.
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Partnership announcements, improving fundamentals and growing interest in DeFi are driving the price of Helium, Avalanche and Pickle higher.
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Strong institutional demand has propelled Bitcoin and many altcoins to new all-time highs.
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Bitcoin is facing rejection above $40,000, but if the bulls do not give up much ground, several altcoins could resume their uptrend.
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