Ethereum’s increasing dominance has kept traders focused on altcoins but Bitcoin’s struggle to hold above $59,000 could send the entire market tumbling.
Bitcoin is still stuck in a predictable range below Binance Coin, Cardano, Litecoin and Chainlink have formed bullish patterns suggesting further upside in them.
Altcoins continue to rally higher and Bitcoin’s repeat tests of the $58,000 level signal that bulls are building momentum.
BAKE, SYS and UTC have secured triple-digit gains as large and small-cap altcoins capitalize on Bitcoin’s range-bound price action.
Bitcoin is trying to stage a comeback in order to catch up with the spectacular price action seen in Ethereum and other altcoins.
A series of protocol upgrades and partnership announcements helped to boost GNO, BAL and CAKE even as Bitcoin price searches for support.
Ethereum and a handful of altcoins have charged higher while Bitcoin struggles to find enough momentum to clear the $58,000 level.
SOL, HT, ETC and AAVE are pushing toward new highs while Bitcoin trades within a tightening range.
After days of range-bound action, Bitcoin and many altcoins made a strong comeback today, indicating buying at lower levels.
Network upgrades, liquidity mining and lucrative shopping reward programs back the strong rallies seen in FTM, AAVE and ABBC.
Strong future growth prospects and new institutional investments appear to be backing the rally in WAVES, INJ and CELO.
Altcoins are notching double-digit gains as bulls push Bitcoin price back toward the $55,000 level.
Bitcoin price remains pinned below $50,000 but the drop in BTC dominance could propel ETH, BNB, XMR and CAKE higher over the short term.
Bitcoin price continues to come under pressure from sellers while Ether and BNB are attempting to buck the trend.
Bitcoin price may be stuck in a rut but this hasn’t stopped traders from loading up on LINK, BAND and Qtum.
Although Bitcoin is struggling to recover from its recent crash, Ethereum is pushing toward a new high and prompting several altcoins to rally.
Bitcoin’s sharp correction to $50,000 brought Binance Coin, FTX Token, OKex and Huobi Token to their lower support levels but data shows there is still a bullish case for exchange tokens.
After the initial oversold bounce, traders are struggling to sustain the momentum of the relief rally in Bitcoin and most altcoins, a signal that selling could intensify at higher levels.
The bulls are trying to stabilize Bitcoin price and if they succeed, VET, SOL, EOS and FTT could quickly bounce back to their local highs.