Bitcoin, Altcoins Rebound As Bulls Target New Highs
Bitcoin rallied back above $124,000, giving altcoin traders the green light to pile into new long positions.
Bitcoin rallied back above $124,000, giving altcoin traders the green light to pile into new long positions.
Bitcoin soared to new highs, falling short of $126,000 by just $30. Altcoin charts suggest ETH, SOL, and XRP could be next.
The crypto market has turned in Bitcoin’s favor as BTC chases new highs and several altcoins move closer to breaking key overhead resistance levels.
Bitcoin’s rise above $117,500 has pulled several altcoins higher, signaling that the bulls are back in the driver’s seat.
The entire crypto market is in a relief rally, but to keep it going, Bitcoin needs to secure a daily close above $114,000.
Bitcoin may have avoided a bearish double top, but a daily close above $107,0000 is needed for confirmation.
Bitcoin charts a trend reversal, but cementing the new trend for BTC and altcoins requires a rally to $117,000.
Bitcoin fights to hold $112,000 while select altcoins attempt to start a recovery. Will bears continue to sell into each relief rally?
Bitcoin charts hint at consolidation in the $107,000 to $117,500 range for the foreseeable future. Will the predictable price action give altcoins a chance to rally?
Bitcoin may continue consolidating in a large range between $107,000 and $124,474, while individual altcoins outperform.
Bitcoin and altcoins sold off today, but this week’s Federal Reserve interest rate decision could reverse the trend.
Bitcoin aims to break through the $117,500 resistance, and several large-cap altcoins look ready to rally to new highs.
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