Bitcoin has resumed its move toward $50,000 and this is most likely to send altcoin prices higher.
The sharp bounce back in Bitcoin and key altcoins proves that traders are buying aggressively on every minor dip.
Bitcoin along with with major altcoins remain above their respective 200-day moving average but the market's momentum will depend if BTC can pierce the $48,000 level....
Bitcoin broke above the 200-day SMA suggests that the downtrend could be over and that may pull buyers back into altcoins.
Bitcoin price were at a stable point above the USD 38,000 support zone. BTC started a fresh increase and broke the USD 39,000 and USD 40,000...
Altcoins continues to rise as Bitcoin trades in a predictable range.
