Hello traders,
As expected bitcoin was rejected at all-time high resistance. Price is braking a short time uptrend and might go lower to retest 54k and then 52-51k. I think it will resume resume on a support of these levels or higher degree uptrend.
If bitcoin going to range market (move within an interval) for several days it is a probable another rally for altcoins.
However, it might not reach above mentioned levels and retest and cut through the ATH sooner than anticipated. If that happens, sky is the limit we will test 60k and probably much higher.
Good luck
As expected bitcoin was rejected at all-time high resistance. Price is braking a short time uptrend and might go lower to retest 54k and then 52-51k. I think it will resume resume on a support of these levels or higher degree uptrend.
If bitcoin going to range market (move within an interval) for several days it is a probable another rally for altcoins.
However, it might not reach above mentioned levels and retest and cut through the ATH sooner than anticipated. If that happens, sky is the limit we will test 60k and probably much higher.
Good luck