Bitcoin bulls are looking for BTC to rebound off a support zone and if confirmed, ETC, LUNA and KLAY could push towards the high range.
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 is at stiff resistance at the 200-day SMA but if bulls can clear this hurdle, LTC, ICP, and THETA may extend their relief rally.
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...
Bitcoin dropped back to $39,000 on Aug. 2, suggesting that short-term traders were booking profits after the price was unsuccessful to close above $42,451.67. Bitcoin price...
UNI, LINK, SOL and XMR could move higher if Bitcoins sharp rally sustains its momentum.
Bitcoin outflows from centralized exchanges show that the Bitcoin markets could be in an accumulation.
Altcoins continues to rise as Bitcoin trades in a predictable range.
