Bitcoin Trend Reversal Possible If $74K Holds, Will Altcoins Follow?
Bitcoin and altcoins are nearly 20% up from their February sell-off lows. Are bulls taking control of the crypto market?
Bitcoin and altcoins are nearly 20% up from their February sell-off lows. Are bulls taking control of the crypto market?
Bitcoin and altcoins rallied toward their respective range highs as investors piled into crypto despite the war in Iran and record-high oil prices.
Markets turned green on Monday, and technical charts hint that a break above longer-term overhead resistance levels could kickstart a strong bull trend.
US trade policy and stock market weakness spilt over to crypto markets, where Bitcoin and altcoins are at risk of falling to new year-to-date lows.
Technical charts suggest Bitcoin bulls must hold BTC price above $70,000 to avoid a pattern confirmation to new lows under $60,000. Will altcoins also hold up?
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