BITCOIN LEADING CRYPTO MARKETS
A few hours ago BTC started to move again, lifting off from its intraday low at support around $7,700. The move culminated in a top out at $8,250 according to Tradingview.com and a slight pullback has occurred over the past couple of hours.
The 7% surge has been extremely bullish for the rest of the crypto market as around $14 billion has been added to its total capitalization taking it to a seven-week high of $215 billion.
Since the beginning of the year, bitcoin and crypto asset markets have grown by 16% as technical signals are flipping bullish once again.
Altcoins are mostly in the green today with some pumping double digits but heavy resistance still looms ahead. Trader ‘Credible Crypto’ has eyed the chart patterns and sees nothing really bullish until these major resistance zones can be broken.
“Most coins are still under major resistance and have yet to prove themselves before we can say ‘the bottom is in’ …”
ETH BEARS KEEP ROARING
Ethereum has only managed a 4% gain on the day which has taken it above $140. The world’s second-largest crypto asset is still buried deep in a two-year bear market and still does not look strong enough to recover yet. Read More...