Bitcoin $65K! Aiming Straight Up! What Will Happen To Altcoins?

Good and lovely day and fellow cryptocurrency trader... What a great start we are having to this Saturday with a very green Bitcoin.

We just looked at BTCUSD Weekly, the article below, and commented on the bullish trend/bias and potential targets.

See it here

Daily, 24 hours per candle, we are now aiming to challenge again the All-Time High at $42,000 but prices are very likely to continue going... The correction/retrace that took place recently was short-lived and we can clearly see now the bulls getting back in control.

This is the question that I am getting from many... What will happen to the Altcoins if Bitcoin continues to grow?

The Altcoins can slow down for a few days... Maybe correct a bit, some will consolidate some more but... In the end, a bullish Bitcoin is bullish for the altcoins market.

The altcoins will continue to grow.

Namaste.

تعليق:

Why so bullish?

Not so fast!
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Look at this chart:

After a strong rejection (also a lower higher) on a new ATH just to see prices continue straight up... The bears had their chance but lost.

Now, a new barrier shows up at ATH... So, not so fast, the trading volume is still low.

We are bullish on Bitcoin but the last high needs to be taken out before we can continue straight up.

تعليق:

New All Time High Bitcoin.

Enjoy.

تعليق:

We go straight up and we also have the altcoins growing.

Enjoy.